The majority of employees will receive, as of 1 January 2024, a net monthly salary lower than the previous year, following the change in preferential tax treatment for meal vouchers and holiday vouchers, maintain the Deloitte Romania consultants."The end of 2023 has brought a series of unfavourable tax changes for employees and employers in all economic sectors. After the changes aimed at restricting the facilities granted to employees in IT, construction, agriculture and food industry, which came into force on 1 November 2023, other changes followed shortly after, through Ordinance 115/2023, also impacting employees, but also HR departments. The latter include changes to the preferential tax treatment of meal vouchers and holiday vouchers. Therefore, from 2024 onwards, these vouchers will also be included in the calculation basis of the social health insurance contribution (CASS)," says Ana-Maria Hoborici, manager, Outsourced Services Solutions, Deloitte Romania, in an opinion piece.According to the source, prior to 2024, all vouchers regulated by Law 165/2018 on the granting of vouchers, except for gift vouchers, were subject only to income tax (10%), but since the beginning of this year, meal vouchers as well as holiday vouchers are taxed at 10% tax and 10% CASS."As the income tax due in a month is calculated after deducting the social contributions due (CAS and CASS, 35% in total) from the total gross income earned in that month, meal vouchers and holiday vouchers end up being taxed at 19%. Some companies used to offset the income tax due on meal vouchers so that employees' net pay did not drop, but following this legislative change, most have decided not to offset this new contribution (CASS) owed by employees," the analysis adds.As a result, the majority of employees will receive, from 1 January 2024, a net monthly salary lower than the previous year, the source said.
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
Over EUR 1 million was raised at the 25th Christmas Tree Festival, which took place on Thursday, December 4, at the National Museum of Art in Bucharest. Funds will be used by Save the Children Romania, the organizer of the auction, for access to quality education. The tree that raised the most money in the […]
Allianz-Țiriac Asigurări, one of the leading insurance companies on the local market, has completed the sale of its two former headquarters located in the Victoriei Square area of Bucharest. The deals were brokered by Cushman & Wakefield Echinox. The property on Căderea Bastiliei Street, of approximately 6,000 sqm GLA, was acquired by Praktiker Real Estate, […]
