Following the 50% tax growth, CSSPP’s revenue will increase by 8 million lei (EUR1.7 million) in 2013.
CSSPP general manager Cristian Rosu told MEDIAFAX Tuesday that as of January 1, 2013, the functioning tax monthly paid by the Pillar II managers will increase from 0.25% to 0.38% of the gross taxes cashed by the pension fund, respectively from 0.005% to 0.008% of the net asset of the pension fund on the last workday of the month.
In 2012, CSSPP estimated revenue from functioning tax of RON11 million, of which it has already cashed RON6 million in the first seven months.
CSSPP posted a RON1.84 million loss in 2011, from RON5.44 million a year before. The regulator’s total revenue reached RON12.06 million in 2011, according to its annual report data.
Managers of Pillar II mandatory pension fund reported losses of RON27.47 million in 2011, from RON45.97 million a year ago.
End-August, Pillar II totaled net assets of RON8.49 billion, at 5.69 million clients.(EUR1=RON4.5026)