12.03.2018

The first year of implementation of the ordinance transferring social security contributions from employer to employee (No. 79/2017) illustrates un abnormal situation on the labor market, as some more

10.23.2017

The bill to modify the Fiscal Code to move the tax obligations from the employer to employee does not include any obligation for companies to raise the gross wages of the employees to keep their net more

10.20.2017

Romanian Prime Minister Mihai Tudose said Friday net wages won't fall after social security contributions are transferred from employers to employees. more

09.19.2017

Romania's finance minister Ionuţ Misa said Tuesday the government plans to “freeze” gross wages temporarily, while it transfers payments due on social security from employers to employees. more

07.17.2017

Romania has the 7th biggest cost of social security contributions among EU member states, after the cap was removed from the basis of calculation as of 1 February 2017, according to a study by more

01.09.2017

The income of the upper management in companies and banks is under attack by the new PSD (Social Democrat Party) government, which dropped the social security tax (CAS) cap of five gross average more

03.25.2015

Social security contributions paid by employees and employers will be reduced starting 2018 , according to the latest update to the draft Tax Code, which the government presented Wednesday. more

11.18.2014

Romania has elected a new president, Klaus Iohannis, but has the same government led by Prime Minister Victor Ponta, and no budget for next year. A budget, which, regardless of how it is devised, will more

09.18.2014

Romanian President Traian Basescu announced Thursday he has signed into law a bill lowering by 5 percentage points the social security contributions paid by employers. more

09.09.2014

Romania's Chamber of Deputies on Tuesday re-adopted a bill lowering social security contributions employers must pay for their employees, rejecting the head of state's request to re-examine the bill. more

07.28.2014

Romanian entrepreneurs would use the money saved on social security tax after a cut thereof for raises, investment in expanding operations and new jobs, and for offsetting potential price hikes and more

07.22.2014

The social security tax cut can be compensated by measures such as extra receipts from social contributions for new jobs, additional VAT cashing on new potential investments, the recovery of debts more

07.17.2014

Romania’s planned social security tax cut is poised to help reduce the burden on labor and stimulate employment, but the authorities should present a clear set of measures aimed at offsetting the more

07.01.2014

Romanian central bank’s governor Mugur Isarescu said Tuesday that the authorities should consider additional measures besides the recent cut in the social security tax rate to help create more jobs more

06.19.2014

Romania needs additional fiscal measures besides a recently introduced levy on special constructions to compensate for the lower social security tax rate and be able to continue to reduce its budget more

06.18.2014

The Romanian government Wednesday approved a five-percentage point cut in the social security tax, in a move aimed at lowering the burden on labor and stimulating investments, the Finance Ministry more

06.16.2014

The Romanian Government plans to offset the negative impact on revenue collections to the state budget, calculated at 4.8 billion lei (EUR1.09 billion) for 2015, due to the planned cut in the social more

06.12.2014

Social security contributions will be lowered by five percentage points as of October 1, impacting the budget by RON850 million, without increasing the budget deficit, Prime Minister Victor Ponta more

06.04.2014

Romanian Prime Minister Victor Ponta said Wednesday that the government will not impose new taxes to offset the planned lowering of the social security contributions. more

05.29.2014

Romania will lower the social security tax rate by five percentage points as of July 1, Finance Minister Ioana Petrescu said Thursday. more

04.01.2014

The International Monetary Fund on Tuesday said Romania should probably wait at least until next year to lower the level of social security contributions, but expressed its openness to earlier more

02.21.2014

Romanians pay the highest social security contributions in the Central and Eastern Europe, a report from the World Bank showed Friday. more

12.17.2013

The UK is afraid Romanian migrants could invade its territory after January 2014, when labor market restrictions imposed to Romania workers are lifted, but too little is said about the gains of more

12.09.2013

Romanian President Traian Basescu told a news conference Monday he signed the 2014 social security budget into law. more

11.14.2013

Romania’s government has pledged to lower social security contribution rates in the second half of 2014 without bearing down on the state budget, and widen taxable income, according to the more