Government proposes raising tax on deposit interest from 6% to 12%
The government proposes taxing bank deposit interest at 12% instead of the current 6%, if the draft law is adopted.
Written later, from the reports of that day.
What it means for you
If you have 100,000 lei in a bank paying 5% a year, you would pay 600 lei in tax instead of 300. The change would also cover interest from savings and loan associations and bonds. Banks would not have to change the interest rate they offer you.
What happened
The government supports raising the tax rate on individuals' interest income from 6% to 12%. The proposal is part of a draft law on simplifying tax and customs legislation, registered as initiative No. 326 on September 8, 2026. The executive rejected an amendment that would have kept the current regime.
In short
- Gross income on a 100,000 lei deposit at 5% interest is 5,000 lei.
- At a 12% rate, tax on that deposit would rise from 300 to 600 lei a year.
- On 20,000 lei of annual interest income, tax would rise from 1,200 to 2,400 lei.
- The change also covers interest paid by savings and loan associations, crowdfunding providers and bond issuers.
Original sources
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