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.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
