- In December 2022, the effective date of the draft law “On Income Tax” was postponed from January 1, 2023 to 2024.
- The initial draft provided for a progressive tax of 15 to 23 percent for the liberal professions, but the draft figures were not yet final.
- The law was ultimately enacted as Law No. 29/2023, with the exact provisions in effect today.
In December 2022, the review of the draft law “For income tax” It was postponed, and the entry into force, originally scheduled for January 1, 2023, was moved to 2024. Eduart Shalsi, chairman of the Economy and Finance Committee, announced that the committee's review would begin in January 2023.
The draft at the time provided for a progressive tax of 15 to 231 TP3T on the income of self-employed professionals, with over 14,000 individuals registered as sole proprietors included. The draft was opposed by interest groups and underwent changes before its final approval.
From our daily work, we see that many professionals are still citing the figures from the 2022 draft, unaware that the final law introduced changes. Read also: Law No. 29/2023 on income tax. What changed and the rates today., for the exact and current figures.
Why does it matter today?
If you practice a liberal profession as an individual, do not rely on draft figures or preliminary notices of a law's final approval. Always verify the current applicable rate in the law in force or with us.
Source: Monitor Magazine.
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