RSS
Mining royalties derived from mineral water exploitation can constitute revenues to local budgets
At a plenary sitting on Tuesday, the Chamber of Deputies adopted a bill under which mining royalties derived from mineral water exploitation may become revenues of the local governments.
The bill is designed to attract financial resources at the level of local administrations allowing spa resorts in Romania to make offers suitable to the needs of tourists in terms of accommodation establishments, healthcare centres, related affordable service packages.
By way of derogation from Article 307(2) of Government Emergency Ordinance 57/2019 regarding the Administrative Code, as subsequently amended and supplemented, the mining royalty derived by concession from activities of exploitation of surface resources, carbonated or non-carbonated natural mineral water, therapeutic mineral water and thermomineral water should become income as follows: 35% to the local budget of the county on whose territory the exploitation is carried out, 45% to the local budget of the small towns, towns or cities , as the case may be, on whose territory there is such exploitation, 20% to the national budget.
The bill was also adopted by the Senate, with the Chamber of Deputies being the decision-making body in this case.