Intellectual Property Income Subject To Social Security Contributions
People who work both based on labor contracts and on intellectual property contracts must pay social security contributions only for the amounts stipulated in the individual labor contracts.
However, the intellectual property contract is subject to the income tax.
Maria Cojocariu, Payroll Manager Accace Romania, detailed on the taxes and fees retained for each type of contract, namely, intellectual property contracts and individual labor contracts.
The intellectual property income comes from the cession of intellectual property rights (according to Law no. 8/1996, with subsequent amendments and completions), expressly stipulated in the contracts concluded between the parties. (Evenimentul Zilei)
Public Sector Employees Get 10% Higher Wages As Of December 1
Employees of the public and local administration, the gendarmerie, the police, the inspectorates for emergency situations, as well as theaters and cultural units, will receive 10% higher wages starting December 1.
Employees in the education and healthcare sectors have been receiving 15% and 25% higher wages, respectively, since October 1.
Salary increases that benefit 200,00 employees entail additional costs of RON6.5 billion in 2016 budget. (Curierul National)
Tax Authority Puts Up For Sales Large Quantities Of Seized Spirits
Romania’ tax authority ANAF will put up for sale periodically large quantities of spirits seized from economic operators.
ANAF puts up for sale, among others, 15 bottles of Johnnie Walker Blue Label (0.7 liters), at an evaluation price of RON505, VAT included, compared to a market price of over RON1,000, as well as over 3,000 bottles of Absolut Blue vodka (1 liter), at an evaluation price of RON31/bottle, compared to a market price of nearly RON70.
The new Tax Code, which takes effect starting January 1, 2016, has the potential to reduce tax evasion by over 75% of the spirits industry, without diminishing revenue collections to the state budget, according to representatives of the Spirits Romania Association, which includes producers and importers of spirits. (Adevarul)
Romania Sets Mandatory Annual Renewable Energy Quota At 12.15% In 2016
The mandatory annual quota of electricity produced from renewable energy sources was established at 12.15% of the gross final consumption of electricity.
Under the circumstances, the impact of green certificates on the bill of end electricity consumer reaches RON35/MWh, according to a draft government decision of the Energy Ministry.
“In conformity with the legal enforceable provisions, the level of the annual quota of electricity produced from renewable sources was set based on the scenarios submitted by the Romanian Energy Regulator ANRE. Thus, for 2016, the mandatory quota is 12.15% of the final gross electricity consumption,” according to a statement of ANRE.
The substantiation note of the draft stipulates that, in the case in which one considers the agreements for exemption issued so far and the ones estimated until the end of 2015, the impact of green certificates on the bill of end electricity consumer will reach nearly RON43/MWh. (Evenimentul Zilei)
Some 4,000 People Visited Government Headquarters On Doors Open Day
Nearly 4,000 people visited the Government headquarters on the Doors Open day set on December 1, the national holiday of Romania.
People took selfies on the prime minister’s chair and conveyed messages for the whole country. Prime Minister Dacian Ciolos stopped by to see his guests and talk to them. (Adevarul)