The state will collect extra RON4 billion after changing the formula to compute excise duties.
Changes to the tax system applied to small and medium-sized enterprises will generate extra RON49.8 million in revenues to the state budget. Extra revenues will also come from widening the health insurance contribution base (RON49.8 million), applying taxes on special buildings (RON488 million) and increasing the minimum gross wage, which will increase income tax revenues by RON344 million.
The increases have already been included in the draft budget for 2014.
The government expects to collect RON12.6 billion (1.9% of the GDP) from taxes on profit and revenues applied to companies, RON7.8 billion from profit and income taxes applied to individuals, RON39.3 billion (6% of the GDP) from VAT, RON22.8 billion (3.5% of GDP) from excises and RON8.1 billion (1.2% of GDP) in refunds from the European Union.
Moreover, taxes on property are expected to generate revenues of RON568 million (0.1% of GDP) in 2014, from RON27.5 million in 2013.
Staff expenses will amount to RON20.5 billion (3.1% of GDP) next year from RON19.8 billion in 2013, and goods and services costs are seen at RON4.5 billion.
Capital expenses are estimated at RON1.7 billion (or 0.3% of GDP) in 2014, from RON2.6 billion (0.4% of GDP) in 2013. (EUR1=RON4.4545)