The gross income does not include the income obtained from the sale of electricity by resident individuals who produce renewable energy and to whom the net metering/net billing mechanism applies. This is one of the amendments made to the budgetary-fiscal and customs policy that entered into force on August 15, IPN reports.

In a press release, the State Tax Service said that also from August 15, the income that individuals obtain from providing ferrous and non-ferrous metal waste, industrial residues containing metals or their alloys is taxed through the deduction of an income tax rate of 12% at the source of payment by the economic agent.

From the same date, the income of resident individuals obtained in the form of capital increase or interest related to state securities and/or bonds issued by local public authorities will constitute a source of nontaxable income and will not be taxed by final withholding of income tax by the Ministry of Finance or primary dealers.

In the same vein, the economic agent will have the obligation to adjust the income for tax purposes only for economic transactions with the founders who are natural persons or other interdependent natural persons, who do not carry out entrepreneurial activities, performed at a price lower than the market price. But they will not have the obligation to adjust the income for tax purposes, related to the transactions for which the arm’s length was applied when setting the price and for which the provisions of Article 19 of the Fiscal Code were applied.

The rules concerning the subjects and objects of the tax on advertising devices was brought into line with the taxable base for the tax.

Also, the import and/or delivery on the territory of the country of goods/services intended for the execution of state contracts are exempt from VAT, with the right to deduct and to excise duties.