INCOME TAX
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Dropping Income Tax Exemption for IT Employees Would Translate into RON1B State Budget Revenue a Year
Prime Minister Ludovic Orban continues to say that dropping the income tax exemption some IT employees currently get is a good thing and that equal fiscal treatment for all citizens and companies is a goal of the PNL (National Liberal Party) government. If it...
Government: Microenterprises Can Opt For Profit Tax Or Turnover Tax Under Certain Conditions
Microenterprises in Romania will be able to opt for the payment of profit tax if they meet two conditions, namely, a share capital of at least RON45,000 (nearly EUR10,000) or at least two em...
Romania Plans To Introduce Differentiated Corporate Income Tax
Romania's proposed finance minister Ionut Misa said Thursday the government plans to introduce a differentiated tax on income for all companies, in three gradual stages, of 1%, 2% and 3%, re...
Romanians Work 6 Days Per Month To Pay Income Taxes, Social Security Contributions
Romanians work about six days per month only to pay income taxes, similar to Czechs, according to a survey conducted by research company Accace.
Romania Has Second-Highest Income Tax Rates In CEE - Survey
Romania has one of the highest corporate and personal income tax rates in central and eastern Europe, second only to neighboring Hungary, a survey from tax advisory firm Accace showed Wednes...
Romania Looks Into Raising Minimum Wage To RON700
The Romanian Government is looking into raising the minimum wage from 670 lei (EUR154) to 700 lei (160), and eliminating the income tax for people who earn RON700 - RON1,000, Prime Minister...
Foreign Residents In Romania To Start Paying Income Tax A Year After Obtaining Residency
Foreign residents in Romania will start paying tax on income gained both locally and abroad a year after obtaining residency, according to a draft decree amending the Tax Code.