solidarity tax

The Romanian Senate on Wednesday rejected a bill introducing a 2.5% solidarity tax on the profit of financial and lending institutions, which was put forward by several ruling democrat liberal lawmakers.

Romania hopes to collect 31 million lei (EUR1=RON4.2448) this year from owners of multiple homes, as they will have to pay a “solidarity tax” by September 30, amounting to 50%-200% of the yearly tax on their other houses, according to a draft ordinance obtained by MEDIAFAX Friday.

Employees in Romanian state-owned companies whose income exceeds a certain cap may be forced to pay a solidarity tax, Finance Minister Sebastian Vladescu said Monday after a meeting with lawmakers of the ruling coalition.