The income tax exemption for IT professionals is eliminated as of November 1, while employees in construction, agriculture and food industry will no longer be exempt from paying health contribution (CASS) and labor insurance contribution (CAM).These measures are included in the package of fiscal changes for which the Government took responsibility. The law on certain fiscal-budgetary measures regarding ensuring Romania's long-term financial sustainability (296/2023) was published on Friday in the Official Gazette, after it was promulgated by president Klaus Iohannis.Thus, IT professionals will pay income tax for salaries exceeding 10,000 RON gross, but will be exempt from the mandatory contribution to Pillar 2. If they want to contribute further, they must request this.As of November 1, employees in construction, agriculture and the food industry will no longer be exempt from paying the health contribution (CASS) and the labor insurance contribution (CAM). In this sense, the Government approved the new values of the minimum wage in construction, agriculture and the food industry, which will be applied starting in November.According to a press release from the Executive, in the construction sector the minimum gross salary will be 4,582 RON, and in the agricultural field and food industry 3,436 RON. The decision was taken so that the salaries of employees in these sectors do not decrease after reintroducing health contributions.Also from November, cash payments to companies and individuals will be reduced. Thus, payments to legal entities can be made within the limit of a daily ceiling of 1,000 RON/person.Regarding receipts and payments between a legal entity and a physical person, the daily ceiling is 5,000 RON to/from a person, and the cash amounts in the cash register of legal entities cannot exceed the ceiling of 50,000 RON, at the end of a day. Cash receipts and payments between two physical persons can be made within a daily limit of 10,000 RON.Failure to comply with these ceilings is sanctioned with a fine of 25% of the amount received/paid that exceeds the ceiling.From January 1, 2024, new fiscal measures aimed at increasing VAT for certain products and services, but also introducing new fees and taxes for banks and companies, will enter into force.
A street in Bucharest’s District 3 has been closed to traffic after the state-owned gas network operator Transgaz warned that it had been built over natural gas pipelines in violation of safety standards. Brățării Street was allegedly built by the District 3 City Hall in the area without proper measures in place. Vehicular traffic over […]
Paysera is strengthening its position in Romania by targeting a gap long overlooked by traditional banks: affordable, fully digital financial services for small and medium-sized businesses. In an interview with Romania Insider, Daniel Turbatu, Country Manager of Paysera Romania, says the company’s biggest advantage remains its free business account, which can be opened entirely online […]
DN Agrar Group (BVB: DN), one of the leading integrated agrifood companies in Romania and the largest dairy milk producer in Europe, reported record results for the first nine months of 2025. The company achieved a turnover of RON 158 million, a 25% increase year-on-year, while net profit doubled to RON 43 million, backed by […]
Presidential adviser Ludovic Orban is leaving his position after just six weeks in office, following a mutual agreement with president Nicușor Dan to end their collaboration, the Presidential Administration announced on Tuesday, November 18, as reported by Agerpres. Orban, a former prime...
Yellow Fresh Fruits has quickly emerged as one of Romania’s most dynamic fresh fruit importers, reshaping a market where consistency and speed increasingly define competitiveness. In an interview with Romania Insider, Fryderyk Schiller, COO of Yellow Fresh Fruits, outlines how the company expanded from its Polish origins to operating advanced ripening centers in Timișoara, Bucharest, […]
The design phase for the most difficult section of the A8 highway, namely Lot 2B Grinţieş-Pipirig, has begun, according to a statement given by Romanian transport minister Ciprian Şerban on Monday, November 18. The contract for the section, valued at RON 5.97 billion (EUR 1.17 billion), was signed at the end of October. In total, […]
