alba24.ro/premii-neimpozabile-pentru-participantii

A new law passed by the Senate proposes tax exemptions for cash or in-kind prizes awarded in sports competitions, cultural events, and educational contests, capped at one-sixth of the national minimum wage. This translates to approximately 721 lei per eligible prize, based on the current minimum wage of 4,325 lei. The bill, which received 60 votes in favor, still requires approval from the Chamber of Deputies to become law. The initiative aims to amend the fiscal code to include specific non-taxable income categories, ensuring that only certain prizes qualify for this exemption. The limit applies to each prize awarded and may adjust with changes in the minimum wage.