simplify bureaucracy and reduce taxes for individual stock market investors – The Diplomat Bucharest

PNL MPs Sebastian Burduja, Gabriela Horga, George Tuta and USR Senator Claudiu Muresan have introduced a bill that increases the attractiveness of the capital market, as an alternative to investing money, simplifying bureaucracy and reducing taxation individual investors in the stock market. The bill proposes to reduce the transaction tax from 10% to 1%, for securities held for more than one year, respectively from 3% for securities held for less than a year, to set up a withholding tax regime and abolish the obligation to report losses, as it currently stands. The legislative initiative enjoys wide support: more than 50 deputies and senators PNL, USR, UDMR and PSD have signed the legislative project.

The aim is to simplify the tax regime for investors, which will increase the number of people investing in the Romanian capital market, both directly and through investment funds. At the same time, the aim is to increase the efficiency and the degree of collection of capital gains taxes on the state budget.

The signatories of the bill explain, in the explanatory memorandum, that this approach has worked in countries with more developed stock exchanges. In Europe, Belgium and Switzerland do not tax net capital gains; there are other types of transaction value or total portfolio taxes for asset values ​​above a certain level. Globally, in jurisdictions such as Singapore or Hong Kong, the capital market has experienced dramatic growth, directly related to the absence of capital gains taxes.

“There is no developed economy without a strong capital market. The Romanian stock exchange has made major strides in recent years, and that is the merit of the market. As an economist, but also as a politician, I have undertaken, along with my colleagues, to support this effort by stimulating the participation of investors in the Romanian stock exchange, in order to respond with adequate demand to a growing supply. and diversified from the part of companies listed or to be listed.

Thus, thanks to the combined efforts carried out at the legislative and executive level, successful companies in Romania will be able to be financed more easily by the stock market, with all the resulting advantages, and the measures that we propose will stimulate the growth of active investors. capital market-based. In 3 to 5 years, the tax base will increase exponentially and the financial impact on the state budget will be definitely positive, both from the point of view of the long-term development of Romanian companies, which means jobs, and higher returns on the money invested by Romanians.

I thank the players in the capital market for their efforts in this common project, for their initiative and their perseverance. I will always support projects that support the economy, the local entrepreneurial environment and the financial education of Romanians. It is also a law of the capital market for the development of the economy. It is a law that will lead us to an authentic capitalist stage, with a strong and developed stock market, in a society where Romanians talk about their investments in the stock market for a coffee with friends and a dinner with family, as happens in the States. -United. and in other advanced economies, ”said Sebastian Burduja, member of the National Liberal Party, one of the initiators of the bill.

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