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.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
