Thursday, July 13, the Parliament passed the bills on tax reform in the Commission to consider them in the first reading the Parliament of the planned July 17, final — July 21.
However, the partners in the ruling coalition agreed to postpone the deadlines is now a first reading of these bills is scheduled on July 21, a final — 27 July, has informed Agency LETA the parliamentary Secretary of the Ministry of Finance Edgar Putra.
Terms postponed at the request of the faction "Unity", which requires more time to review the bills on tax reform, he said.
The Commission passed amendments to the law on income tax from the population (NPA), providing for the introduction of a differentiated personal income tax from 1 January 2018.
The amendments stipulate that as of 2018, personal income tax rates will be differentiated depending on income: when income of up to 20 000 Euro per year the tax rate will be 20%, from 20 001 euros to 55,000 euros — 23% more than 55 000 euros— 31,4%.
Flat rate personal income tax of 20% is also defined for the capital income, including from its growth. Previously, these rates were 10% and 15%.
Patent fees range from 50 to 100 euros per month instead of the current 43-100 euros per month.
To receive NPA benefits in respect of insurance premium payment period of the contract of life insurance shall be extended from 5 to 10 years.
The amendments also clarify the size of the non-taxable minimum incomes to the allocated employer allowance (250 € instead of 213,43 Euro) and gifts from the employer for the period taxation — (15 EUR instead of EUR 14,23).
In the future will also have a percentage (50% paid from the annual taxable income) and total (600 € per year) restriction on total reasonable costs of treatment and education for taxpayer and each member of his family, for donations to donations to political parties and on their children's education interest.
The non-taxable minimum of the pension in 2018 will be increased to 250 euros, in 2019 — up to 270 euros, from 2020 — up to 300 euros per month.
In 2018, the rate of compulsory state social insurance contributions will be increased by 1 percentage point, and the proceeds will be used to Finance health care.
The rate of social contributions will be increased by 1% (0.5% for employee and employer) and make 35,09% of them 24,09% is paid by the employer and 11% employee.
It is assumed that the increasing rate of social insurance contributions by 1 percentage point will provide for the funding of health care in 2018 additionally 84.6 million Euro in 2019 — 98,1 million euros in 2020 — 103,9 million Euro.
These funds will be used in the budget and the basic budget for health care funding, providing paid from the state budget health care services to persons whose health is insured.
Workers, self-employed, the employees of the employer-a foreigner, who or which make contributions of social insurance in a General manner, will be subject to health insurance and be eligible to get paid from the state budget for health care services.
Amendments to the law "On excise tax" the government plans to compensate for the loss of tax revenue that will result from the reform. Changes include raising tax rates on fuels, cigarettes and alcohol.
Excise tax on lead-free gasoline in 2018 increased by 7.8% from 436 to 470 per 1,000 litres.
The excise tax on lead-free petrol increased by 24% 455,3 to 564 per 1,000 litres.
The excise tax on diesel fuel in 2018 will increase 11% from 341 to 378 per 1,000 litres, and for liquefied petroleum gas — by 12%, from 231 to 206 per 1,000 litres.
The excise tax on cigarettes increased by 5.5% — from 67 to 70.7 per 1,000 units from 1 July 2018.
The excise on wine will rise by 18% from 78 to 92 euros per 100 litres of beer — 24%, from 4.5 to 5.6 euros for each volume percent of absolute alcohol.
Excise duty on intermediate products with alcoholic strength from 15 to 22 percent by volume will increase by 15% from 130 to 150 euros per 100 litres, other alcoholic beverages — by 15%, from 1450 to 1670 EUR per percent of absolute alcohol.
The proceeds of a solidarity tax in the future will be directed at financing health and social insurance. It is provided by the approved government amendments to the law on solidarity tax.
To provide resources for health, the solidarity tax will be transformed — 1 percentage point will be allocated for needs of medicine, and 6 percentage points for contributions to accumulate pension assets of payers of this tax.
In the amount of 10.5 percentage points, the solidarity tax will be transferred to the allocation account of income tax from the population (NPA), which in accordance with the principles of the distribution of PNN will be transferred to the state budget or the local government where the employee is declared. The rest of the tax will go to the special pension budget of the state.
The government approved the draft of the new law on personal income tax of the enterprise (TNG), which defer the payment of TNG until the moment when profits are distributed or otherwise directed to such expenses, which do not provide for further development of the enterprise.
Amendments to the law on the tax on the operation of the vehicle and the tax on passenger vehicles enterprises is planned from 1 January 2019 to change the order of payment of tax — tax must be paid in full prior to passing the state inspection.
The bill on the support of taxpayers in the repayment of fines and penalties provides that the state revenue Service (SRS) from 1 January 2018 will repay accumulated by natural and legal persons as well as penalties and fines, allowing the deadline to pay the resulting tax debts.
Amendments to the law on taxes and duties will be obliged credit institutions to provide SRS information on the clients — physical persons whose turnover debit or credit account in the previous year exceeds 15 thousand euros, and to publish information about employers whose average monthly salary of employees does not exceed established in the country the minimum wage.
Amendments to this law are also planned in 2018 to abolish the solidarity tax.
Amendments to the law on value added tax (VAT) provide as from 1 January 2018 to expand the range of industries in which VAT is applied in the reverse order of payment and to set a threshold of annual turnover, which is the domestic VAT payers are allowed not to register in the register of VAT payers, in the amount of 40 thousand euros.
Amendments to the law on the duty and tax on lottery and gambling is planned from 1 January 2018 to raise tax rates on 30%.