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.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
