SOCIAL SECURITY TAX
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Business Sector: Come Up With A Budget And Keep The 5% Social Security Tax Cut In 2015
Romania has elected a new president, Klaus Iohannis, but has the same government led by Prime Minister Victor Ponta, and no budget for next year. A budget, which, regardless of how it is devised, will have to keep the lower social security tax and not include...
PM: Social Security Tax Cut To Be Offset By Taxes On New Jobs, VAT For New Investments, Insolvency
The social security tax cut can be compensated by measures such as extra receipts from social contributions for new jobs, additional VAT cashing on new potential investments, the recovery of...
IMF Says Romania Needs Clear Measures To Offset Social Security Tax Cut
Romania’s planned social security tax cut is poised to help reduce the burden on labor and stimulate employment, but the authorities should present a clear set of measures aimed at offsettin...
Isarescu: We Need More Reforms To Sustain Social Security Tax Cut, Create Jobs
Romanian central bank’s governor Mugur Isarescu said Tuesday that the authorities should consider additional measures besides the recent cut in the social security tax rate to help create mo...
Romania Needs More Fiscal Measures To Offset Social Security Cut
Romania needs additional fiscal measures besides a recently introduced levy on special constructions to compensate for the lower social security tax rate and be able to continue to reduce it...
Romania To Cut Social Security Tax By 5 Pct Points As Of October 1
The Romanian government Wednesday approved a five-percentage point cut in the social security tax, in a move aimed at lowering the burden on labor and stimulating investments, the Finance Mi...
EXCLUSIVE: Romania Seeks Ways To Offset Lower Revenues Due To Planned Social Security Tax Cut
The Romanian Government plans to offset the negative impact on revenue collections to the state budget, calculated at 4.8 billion lei (EUR1.09 billion) for 2015, due to the planned cut in th...
PM: Social Security Tax To Be Cut By 5 Pps As Of October 1
Social security contributions will be lowered by five percentage points as of October 1, impacting the budget by RON850 million, without increasing the budget deficit, Prime Minister Victor...
PM: Romania Not To Levy New Taxes To Offset Planned Cut In Social Security Contributions
Romanian Prime Minister Victor Ponta said Wednesday that the government will not impose new taxes to offset the planned lowering of the social security contributions.