Official: Minimum wage changes from 1 July 2024

From 1 July 2024, the minimum gross basic wage in the country increases from 3,400 lei to 3,700 lei gross monthly and the non-taxable amount of the minimum gross wage from 200 to 300 lei.

Iulia is our colleague in the HR branch of the company, who brings not only support to the team, but also a lot of good humour. We invite you to meet her.

Law 275/2022 was published in the Official Gazette on October 3, 2022, rejecting the provisions of the Emergency Ordinance 37/2021 which exempted micro-enterprises from a series of bureaucratic obligations.

Starting this year, companies are earning a 6-month deadline from the fourth quarter tax return for deciding what amounts to pay as sponsorship.

Ascent Group continues its expansion plans, and November 2021 marks the conclusion of a strategic partnership, an agreement that is covering the Greek and Cypriot markets.

According to an order draft, ANAF will eliminate 11 tax declarations.

Simplification of procedures specific to the activity of human resources in micro-enterprises, given that there are currently around 500.000 micro-enterprises with up to 9 employees in Romania.

A new Regulation for employers in insolvency, bankruptcy or liquidation proceedings.

Today we want to stop our attention to our colleague from Bucharest, Adina. If you have already crossed paths with her (in workouts, coaching sessions, etc.), we are sure that you have noticed the naturalness, charm and good mood that characterizes her.

During the same year, the Romanian Government publishes a new order by introducing a new procedure for registration in VAT […]

Ascent Group continues its expansion plans by opening a new office in Romania, in Sibiu.

Ascent Group’s office in Sibiu will offer clients all types of services the consulting group Ascent is offering, but also aims to become a catalyst for enhancing business relations between the central part of Romania and other countries in the region.

Not last, Sibiu office aims to provide support to all foreign investors intending to start a business in Transylvania.

The office in Sibiu is the 7th office opened by Ascent Group, after those in Bucharest, Arad, Chisinau, Limassol, Sofia and Belgrade.

The contact details where you can find our new office are:

Ascent Group Sibiu
Revolution street no. 1, apt. 15
Tel: +40 269 211090
fax: +40 269 211722

We look forward to see you in Sibiu!

Prin intermediul HG nr. 500/2011, noua variantă a Registrului General de Evidenţă a Salariaţilor a fost publicată în Monitorul Oficial, […]

As a result to the public consultations, the Labour Inspection provides to the employers the new version of the IT application Revisal for establisment and completation of the evidence register of the employees in the electronic format, updated in accordance with the Government Decision no. 500/2011:

• Revisal 5.0.6 (for Windows XP/ Vista/ 7)
• Installation and use guide (Pdf format- Portable Document Format)

The new format of the Revisal application allows:

Recently, through the ANAF Order no. 3.253/2011 for the approval of issued application forms models OG no. 30/2011, were reglemented forms of delayed cancellation of penalties for companies which pay their debts until the end of the year.

Briefly, the fiscal facilities are granted for the fiscal obligations related fittings main residual fiscal obligations at 31 August 2011. Penalties of delaying are being cancelled or reduced as follows:

Government approved two ordinances which amend the Tax Code and the Tax Procedure Code, designed to help companies during the current crisis.

The main changes are:

Early summer marked a change in the Ascent Group team. Thus, from the 1st of May, the new HR manager of Ascent Group in Romania is Ramona Bosînceanu.
Ramona is an alumnus of the Economics Faculty of the Aurel Vlaicu University in Arad, and of a Master program in Human Resources Management. Over the years, Ramona enriched her knowledge by attending numerous courses and specializations in the field of human resources.
Ramona has 9 years of experiences in the field of human resources, of which 3 years as a human resources specialist at Ascent Group. During this period she was involved in many projects of personal recruitment and executive search, personnel administration and payroll, personal assessment, restructuring of enterprises, collective negotiations and training.

In the Official Gazette, Part I, no. 0225 of 31 March 2011, Law 40/2011, for amending and supplementing Law no. 53/2003 – Labor Code, was published.

Amendments to the Labor Code are as follows:

1. Article 1 – (1) ‘This code regulates the employment relationship”, as compared to “implements all individual and collective labor relations.”

2. 16 – (2) Brings the obvious completion “Before entering the service, the individual employment contract shall be entered in the register of employee records, which is transmitted to the Territorial Labor Inspectorate” electronically.
If before the employer had to register the contract with the Labor Inspectorate within 20 days and then to hand the employee a copy of it, article 16 – (3) comes with completion “The employer is obliged, before commencement of work, to hand the employee a copy of the employment contract.”

On 30^th of December 2010 the Romanian Government introduced through the O.U. no. 117/2010 the possibility to return to the status of microcompany.

In the understanding of this ordinance, the microcompany is a legal entity that at 31^st of December 2010 meets ALL the following conditions:

1. has incomes other than those obtained from banking, insurance, reinsurance, capital markets (except the intermediary in these areas), gambling, consultancy and management.
2. has minimum 1 and maximum 9 employees
3. achieved revenues that did not exceed the equivalent in lei of 100.000 EUR
4. the registered capital is held by persons, other than state and local authorities

On 30^th of December 2010 the Romanian Government introduced through the O.U. no. 117/2010 the possibility to return to the status of microcompany.

Starting with 1^st of January 2011 the minimum gross salary guaranteed payment is set at 670 lei per month according to H.G. 11931/2010, compared with 600 lei as it was at the end of 2010.

The amount of 670 lei is set for a full-time working schedule of 170 hours per month, representing 3.94 lei/hour. The staff compliance with a salary below the minimum gross salary is considered to be a contravention and is punishable by law with a fine of 1.000 lei up to 2.000 lei.

Therefore according with the new provisions, the minimum gross salary is 670 lei for an unqualified worker, a minimum gross salary of 804 lei for a qualified worker, and for the personnel employed in positions that require higher education will be of 1340 lei.

The H.G. 1193/2010 that enables the minimum gross salary guaranteed payment was published in the Official Gazette, Part I no. 824 from 9 December 2010.

During the last days of 2010, were published in the Official Gazette 891/30.12.2010 important changes of the Fiscal Code and of the Regulations for the application of the Fiscal Code, but also of the social insurance legislation and the Fiscal Procedure Code. The governmental decree that stipulates these changes is OUG 117 for the amendment and completition of Law no. 571/2003 regarding the Fiscal Code and reglementation of some financial and fiscal measures.

Amendments to the Fiscal Code relates primarily to: tax, income tax on small companies, VAT, income tax, excise duties, social contributions. Here are the main changes occurring in each of these areas:

Based on the Romanian Government’s representatives, starting with October 1st, the minimum tax will be eliminated. The minimum tax was introduced at 1^st of May 2009, together with other fiscal measures aimed to diminish the effects of the economic crisis, but finally, their effects were exactly the opposite.

As a result of the minimum tax’s elimination, the companies will pay between the 1st of October and the 31st of December 2010 the profit tax of 16%.

The last deadline for the minimum tax (the flat tax) will be the 25th of October, for the 3rd quarter of 2010. Starting with the 25th of February 2011, the companies will pay the profit tax for the 4th quarter of 2010, accordingly with the calculation norms existing before the introduction of the minimum tax.

Starting July 1^st 2010, new tax and fiscal regulations are applied in Romania, due to the Emergency Ordinance 58 from June 26^th 2010, that will affect all sectors of the national economy.

We briefly present the changes brought by this ordinance:

Profit Tax

Article 32 of the Fiscal Code is amended and has the following content:

“Art.32 Any loss realized by permanent headquarters situated in other states other than Member States of the European Union / European Association of Free Trade or which are located in a state with which Romania has concluded a double taxation convention is deductible only from the income earned by that permanent headquarters.

One year and a half ago the Romanian Government announced the first set of anti-crisis measures. I’ve considered them wrong and I estimated their effects will be opposite and will deepen the crisis, respectively I wrote several articles about it at that time.

Government’s Emergency Ordinance no. 54/23.06.2010 brings news also related to the acti vity of the Trade Registry. It amendes other regulations, among which the Law 31/1990 on copanies, republished in the Official Gazette, Part I, no. 1066 from November 17^th, 2004, which is modified and completed as it follows:

On June 23^rd 2010, the Emergency Ordinance no 54/2010 has been adopted, stipulating some measures to fight against tax evasion, ordinance that brings amendments to the Fiscal Code in force. The Ordinance was published in the Official Gazette no. 421 of June 23^rd, 2010.

The stated purpose for these changes is the registration and removal from the taxpayers records of those who are carrying out Intra Community trade particularly Intra Community acquisitions of goods, to reduce tax evasion on VAT.

Thus, beginning with August 1^st, 2010, the National Tax Administration Agency sets up and organizes the Register of Intra Community Operators that includes all taxable persons and non-taxable legal entities carrying out intra community operations, such as :