The personal exemption and additional exemption for private individuals this year have been raised by 5% – from 24,000 lei to 25,200 lei and, respectively, from 18,000 lei to 18,900 lei. The exemption for maintained persons was raised by 50% – from 3,000 lei to 4,500 lei. At the same time, the personal exemption for spouses, in the amount of 11,280 lei, was annulled, IPN reports.
Each taxpayer with an annual taxable income lower than 360,000 lei has the right to personal exemption in the amount of 25,200 lei. The exemptions to the taxpayer are provided at one job, either at the basic one or at the secondary one, the State Tax Service has said.
The persons who, during the fiscal declaration period, used the personal exemption, but obtained an annual taxable income higher than 360,000 lei are obliged to present the private individual’s tax return.
Given that the exemption for husband/wife was annulled as from January 1, 2021, the employer has the right to use the annulled exemption when determining the retaining of the income tax from the salary. It is not mandatory for the employee to file an application to renounce this exemption.
The changes to the exemptions provided to private individuals this year are stipulated in the 2021 fiscal and customs policy that was adopted by law No. 257 of December 16, 2020.
