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.
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
The minister of economy, Radu Miruţă, announced that the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP) fined him, as a natural person, for "wanting a clean and fair management at a state-owned company" - Avioane Craiova. The fine is apparently linked to comments made by minister Miruţă about the management teams appointed […]
The Chamber of Deputies, as a decision-making body, adopted the Law on Combating Antisemitism and Xenophobia on December 17, after the law was first referred to the Constitutional Court and then sent back to Parliament for re-examination by president Nicușor Dan, who indicated ambiguous formulations in the text that would excessively extend its scope, making […]
Greenvolt Group, through Greenvolt Power, a developer of wind, photovoltaic, and battery energy storage projects, announced that it has agreed to the sale of a 253 MW onshore wind project in Ialomița County to Engie Romania, a subsidiary of Engie Group. This agreement follows a series of successful asset-rotation operations announced by Greenvolt in 2025, […]
The Romanian Competition Council has fined Philip Morris Trading, Interbrands Orbico, and Mediaposte Hit Mail with fines totaling RON 135.2 million (EUR 26.6 million) for participating in anti-competitive agreements on the heated tobacco products market. The decision is enforceable. Following an investigation, the competition authority said it found that there were agreements between Philip Morris […]
The government approved on December 17 an emergency ordinance by which the Ministry of Finance allocates almost RON 2.5 billion (nearly EUR 500 million), intended for the payment of arrears of the Ministry of Development (MDLPA) and the continuation of public investments. This comes on top of RON 1.35 billion allocated to the Ministry of […]
