CONTRIBUTIONS
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2.3Mln Romanians Had No Contributions Transferred To Mandatory Pension Accounts In June
Some 2.3 million of the 5.9 million Romanians holding mandatory private pension accounts (Pillar II) paid no contributions in June, because they either have no job or are working based on no...
High Social Security Contributions Put Romania At A Disadvantage To Bulgaria
Cutting social security contributions is a way to stimulate the economy, given that Romania has remained one of the countries with the highest levels of social security contributions, 44.45%...
Contributions To Mandatory Pension Funds Transferred In August For 62.9% Of Participants
The number of participants whose contributions were transferred to mandatory private pension funds (Pillar II) reached 3.58 million in August, accounting for 62.87% of total participants, up...
Healthcare Bill Sets New Mandatory Health Contributions
Romania’s healthcare reform bill sets the new contributions to the mandatory health insurance fund at 5.5% for the insured, 5.2% for the employers and at 5.5% for the insured whose contribut...
Two Million Pensioners, Exempt From Health Insurance Contributions, To Cost Budget EUR1B
More than two million Romanian pensioners who earn less than 740 lei (EUR170) will no longer pay the 5.5% contribution to social health insurance, leaving the state budget without roughly EU...
Parliament Committees Reject Act Taxing Pensions Over RON740
The Romanian Chamber of Deputies’ committees for labor and health on Tuesday rejected for the second time Government emergency ordinance 107/2010 whereby pensioners earning at least 740 lei...
Romania Postpones Social Contribution Reduction For 'Best Time'
Romania's Government has decided to postpone reducing the social security contributions paid by employers for "the best time" since it cannot afford this measure in the current economic cont...
Romania Cannot Reduce Social Security Contributions In 2011 - President
Romanian President Traian Basescu said Saturday that, in his opinion, it is impossible to reduce social security contribution rates in 2011.
IMF: Romania May Reduce Social Security Taxes If It Guarantees Budget Gap Below 3% In 2012
Romania may reduce the social security taxes paid by employers only if there are guarantees that it can achieve the fiscal targets of 2011 and 2012, when the budget deficit must drop below 3...