On 1 October 2026, the Romanian Ministry of Finance announced a new edition of the TEZAUR government securities program, offering individuals tax-exempt interest income on bonds with maturities of 1, 3, and 5 years. The subscription period runs from 5 October to 6 November 2026, with annual yields of 6.50%, 7.00%, and 7.50% respectively. The measure falls under the current fiscal framework that exempts retail investors from income tax on state bond returns, aiming to stimulate domestic savings and reduce reliance on external financing.
Key Takeaways
- Tax-Exempt Returns: Interest earned on TEZAUR bonds is fully exempt from income tax, enhancing net yields for retail investors.
- Flexible Maturities: Three tenor options (1, 3, 5 years) allow investors to match liquidity needs with competitive fixed rates.
- Subscription Window: The month-long offering provides ample access for individuals to participate through authorized financial intermediaries.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement