Threshold for application of tax fines to be raised

Tax violations below 5,000 lei committed by businesses and below 500 lei in the case of individuals will not carry fines, under a proposed amendment approved by the Government.

The tax legislation distinguishes between significant and insignificant non-compliance, and warnings that do not carry fines may be applied only for the latter category. The current thresholds are 100 lei for individuals and 1,000 for companies.

The proposal is to be debated in Parliament.

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