The new fiscal provisions proposed for 2027, aimed at adjusting tax exemptions, taxation rates, and the VAT regime, have been approved in the final reading by Parliament. The bill was only supported by the majority parliamentary deputies, while the opposition criticized the fiscal package, reports IPN.
The opposition argues that the new measures will increase the tax burden on citizens and the business environment. Opposition party deputies have also proposed several amendments, including a 25% tax on the revenues of energy companies, tax exemption for agri-food enterprises with a full production cycle, VAT and excise duty refunds for diesel used in agriculture, as well as a preferential margin of up to 15% for domestic producers in public procurement. The amendments were rejected by the parliamentary majority.
The approved project stipulates an increase in the annual personal exemption from 29,700 to 40,020 lei and the adjustment of taxation rules for certain incomes. Earnings from promotional campaigns up to 10,000 lei are expected to be tax-exempt, and for dividends distributed from profits earned starting with 2027, an 8% rate is envisaged. Some small and medium enterprises will be able to pay income tax under special conditions for profits from the period 2027-2029.
In the field of VAT, the standard rate remains at 20%, and the project adjusts the reduced rates applied to certain agricultural products, fruits, food, medicines, and medical devices. For natural gas delivered to household consumers, a reduced rate is provided for a volume of up to 150 cubic meters per month, for each consumption point related to a dwelling.
According to the Ministry of Finance, the implementation of the fiscal-budgetary policy for the year 2027 will generate additional revenues to the budget of 5.1 billion lei. Out of this amount, 820 million lei are expected to come from income tax and vice tax, 1.6 billion lei from VAT, and 2.7 billion lei from excise duties. Most provisions of the project will come into effect on January 1, 2027.
