The Government has approved the Fiscal Policy project for the year 2027, which is to be submitted to Parliament. Prime Minister Vasile Tofan maintains that the new policy aims to reduce the tax burden on labor and investments, while simultaneously increasing taxes on certain vices and simplifying the tax system, reports IPN.
“We tax work less, we tax investments less, but we compensate with a higher tax on vices, primarily”, stated the Prime Minister during the Government meeting. According to Vasile Tofan, the project also provides for the standardization of some tax exceptions, which, in his opinion, complicate and make the administration of the tax system more expensive.
The Prime Minister mentioned that the project was developed in a limited time, after the inauguration of the current Government, on July 22nd. The authorities aimed to present the new vision on fiscal policy since the beginning of August, so that the document could be consulted and adopted in time. “It is very important that this fiscal policy goes to Parliament as soon as possible”, said Vasile Tofan.
The CEO explained that the early transmission of the project is necessary so that economic agents, accountants and civil society have enough time to prepare for any changes that might come into effect from January 1, 2027. Also, according to him, the Parliament will be able to introduce additions or modifications, if these are considered necessary in the legislative process.
