Tax on income from the sale of securities is reduced from 1 January 2023

Law no. 142/2022 reduces the income tax due by individuals who gain income from the sale of securities (shares and other financial securities) or make transactions with investment gold.

The tax rates will be:

  • 1% of the gain if the securities have been held for more than 365 days from the date of acquisition
  • 3% of the gain if the securities were held for a period of less than 365 days from the date of acquisition

The procedure for withholding, declaring and paying the tax is also changed.

Thus, the tax will be withheld by the authorized intermediaries who carry out the transactions with the securities. The intermediaries will make the calculation of the gain/ loss, will withhold the tax, submit the tax return and make the tax payment.

Also, the intermediaries will submit annually the declaration with the income and tax per individuals – Form 205. The individual will no longer file the Sole Tax Return for income tax related to these financial transactions.

Cristina Georgescu

Partener

FCCA, Expert Contabil și Consultant Fiscal cu peste 24 ani de experiență. Având o fire practică, anticipează nevoia clienților și îi ajută pe aceștia în luarea deciziilor. Abilitatea, optimismul, flexibilitatea și atenția cu care gestionează fiecare client în parte, fac din Cristina un partener de încredere pentru clienți.