Tax Regime Interests

For individual clients who earned income from interest, the bank calculated, withheld, and paid to the State Budget the tax on interest, applying the rate of 10% or another tax rate provided by the Fiscal Code, in the case of non-resident clients.

Since under certain conditions, for extra-salary incomes, including interest incomes, additional amounts are owed health insurance contribution ("CASS"), we come to your aid and summarize below some information on this subject.

In the case of individuals, with certain exceptions, if the value of interest income collected cumulated with other taxable 'extra-salary' income earned in the year 2025 exceeds 6 gross minimum wages nationwide (4.050*6= 24.300 RON), then:

you are obligated filing of the Single Declaration regarding income tax and social contributions owed by individuals until the date of May 25, 2026
you will pay extra in addition to interest tax, and CASS at the rate of 10% applied on the base for establishing CASS according to the ceilings from the Fiscal Code.

Extra-salary incomes represent the total incomes received additionally to the salary. According to the provisions of the Fiscal Code, among the other things, the category of extra-salary income includes:

investment income (e.g.: dividede, capital gains)
interest income related to bank deposits
revenues from the leasing of goods, income from intellectual property rights, income from other sources

Note: Starting with the fiscal year 2024, legislative changes have been made targeting the taxation mechanism of income from independent activities. Thus, this income is no longer treated together with other extra-salary categories, but is treated separately, following the principle of separate taxation of income from independent activities.

Calculation basis of CASS for extra-salary incomes, obtained starting from the year 2024, it is established differently depending on the level of extra-salary income taken into consideration for the establishment of CASS, as follows:

revenues between 6 and 12 gross minimum wages nationwide, the calculation base is represented by the level of a 6 minimum wages;
revenues between 12 and 24 of gross minimum wages nationwide, the calculation basis is represented by the level of 12 minimum wages;
in the case of revenues realized by over 24 of gross minimum wages nationwide, the calculation basis of CASS is represented by level of 24 of minimum wages.

Example:

interest collected from bank deposits in the year 2025 = 14,500 lei
dividends collected in the year 2025 = 3,500 lei
profit obtained from placements in open investment funds = 7,300 lei
total extra-salary income obtained = 25.300 lei

Since, in the example above, the extra-salary income earned in the year 2025 accumulated from several categories of extra-salary income, was between 6 and 12 gross minimum wages*, CASS owed will be 2,430 lei (Calculation base: 6 gross minimum wages, due CASS - 10% x 6 x 4,050 lei = 2,430 lei;).

Thus, in addition to the taxes withheld at the source by the income payers for each category, namely tax on interest, tax on dividends, and tax on the gain from the transfer of securities, a sum of 2,430 lei will also be owed to the State Budget, as well as CASS, by May 25, 2026.

*The calculation base of the health social insurance contribution (CASS) for extra-salary incomes obtained is calculated differently depending on the level of incomes considered for the establishment of CASS. For the year 2025, for the calculation of the thresholds established by law, the level of the gross minimum wage nationwide guaranteed in payment of 4,050 lei provided by Government Decision no. 1,506/2024 for establishing the gross minimum base wage nationwide guaranteed in payment is used.

For fulfilling fiscal obligations, Banca Transilvania facilitates customers' access to information regarding the total income received from interests related to deposits and savings accounts in the previous fiscal year.

Thus, we provide you with Income statement from interest, which contains information about the interest collected each year. The form for the previous year becomes available starting March 01, and can be accessed both online directly from BT Pay or through the platform BT Visual Help but also in any BT unit. The forms for previous years can be accessed anytime from BT Pay or requested at any BT unit.

Clarifications regarding the taxation of income from interest and dividends for persons with disabilities

According to the current tax legislation, persons with severe or pronounced disabilities benefit from an exemption from income tax payment for certain categories of income, such as:

salaries and pensions;
income from independent activities;
intellectual property rights;
incomes from agriculture, forestry and fish farming;
transfer of ownership by inheritance;
other exemptions regarding local taxes (for example: vignettes, parking, public transport, under certain conditions).

Important: For people with severe or pronounced disabilities, as long as the legislation does not provide for the exemption for income from interest or dividends, these incomes remain taxable and the exemption cannot be granted.

Thus:

Interest income from bank deposits is subject to income tax according to fiscal regulations.
Dividend income distributed is taxed according to the rates provided by the Fiscal Code.

Note: Banca Transilvania and its affiliates do not offer tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended to provide tax, legal or accounting advice. You can find additional information on the ANAF website, or you can contact the tax authorities directly.