SOCIAL CONTRIBUTIONS
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Companies
PwC: Wages In Romania May Fall 22% If Social Security Contributions Borne Exclusively By Employees
The measure announced on Thursday by Romania’s Finance Ministry, whereby social security contributions will be borne exclusively by employees could lead to situations in which employees’ current net wages will fall nearly 22%, said Mihaela Mitroi, Tax and Lega...
Social/Politics
Tax Code Draft: All Income Earners To Pay Social Security And Health Contributions
All income earners will have to pay social security and health insurance contributions and starting 2017, the social security tax rate will be lowered from 10.5% to 7.5%, for employees, and...
Analysis
KPMG: Romania Among States With Highest Social Contribution Rates
Romania ranks among the countries with the highest level of combined employer/employee social contributions on $100,000 of gross income, placing it 18th among 87 states surveyed in the categ...