Personal exemptions and those for maintained persons will be increased

The personal exemptions next year will rise to 8 640 lei, while those for maintained persons – to 1 920 lei, Info-Prim Neo reports. This is provided in the draft 2012 budgetary-fiscal policy document approved by the Government. The tax rates on the incomes of private individuals will remain unchanged - 7% on incomes under 25 200 lei and 18% on higher incomes. The proposal to include a new such tax rate, which was formulated during the discussions on the 2012 budgetary-fiscal policy, wasn’t accepted. The trade unions suggested instituting a tax of 25% on the incomes higher than 120,000 lei a year. Minister of Finance Veaceslav Negruta said the experiments, including the revolutionary ones like the proposal of the National Confederation of Trade Unions, can be considered when the economic situation is stable, not when the countries are hit by crisis, as Moldova and its commercial partners.