What tax caps do we have in 2023?

Each year we have a series of tax ceilings updated according to the euro / lei exchange rate for that year.

Recruitment advertisements and job titles will have to be adapted according to the new requirements of the recent European directive on pay transparency.

The Romanian legislation provides various ways of employment of those under 18, including: volunteering, internship, day laborer, etc.

According to a draft decision recently launched by the Council of the European Union, from 1 January 2024, the electronic invoicing system will not be introduced in stages, but in general.

The authorities have recently formalized another set of changes to the income tax exemption of ITists, with the changes to apply from June 2023.

Taking into account the provisions of art. 76 para. ( 3 ) of the Fiscal Code, of advantages, in cash or in kind, other than salary income, may also benefit the administrators of some companies.

Law 241/2023 was published in the Official Gazette on 21 July 2023, which aims to grant 4 days per month of home/telework for the care of children up to the age of 11.

Among the facilities that companies can benefit from when calculating corporation tax are social expenses.

The “E-invoice – mandatory electronic invoicing system” project was launched with the aim of making tax collection more efficient.

The value of meal vouchers increases, the increase being applied in two stages.

From 1 January 2023, the minimum gross national guaranteed basic wage increases.

According to a draft law, micro-enterprises that have consultancy/management activity will no longer be required to switch to profit tax of 16% if they exceed the established ceiling.

Starting with January 2023, an alternative to meal vouchers appears: Companies can directly provide the mass of employees and will be exempt from salary taxes.

According to a draft law, starting with 2023, salary taxes could be “paid” with sick leave allowances that the state must return to employers.

Employees will be able to apply for carers’ leave to take care of a relative or other person in the household who is seriously ill and have the opportunity to request an individualized work schedule from the employer.

Law no. 125/2022 on the conduct of economic activities by authorized natural persons, individual enterprises and family enterprises was published in the Official Gazette.

In the near future, the prohibition of Romanian public institutions to request additional folders or any other stationery object for the purpose of providing a public service will come into force.

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 with October 1, 2022, in Bucharest, the recovery files for medical leave from the unique national Health Insurance Fund (FNUASS) are submitted online, on the dedicated platform.

The Law of paternity leave no. 210/1999, is amended by the publication in the Official Gazette no. 845 of 29.08.2022 of OUG no. 117.

By Law no. 265/22.07.2022, among other things, amendments are made to the procedure of registration in the Trade Register.

From January 2023, the status of micro-enterprises will see some significant changes.

There has been a lot of discussion in the last days about the proposals for amending the fiscal Code, their final form being present in the Government Ordinance 16/2022.

Starting with January 1, 2023, according to Law 195/2022, the obligations of archiving the payroll states issued by employers will decrease to 5 years

Starting August, new tax increases will be introduced in the case of gambling winnings, and also this time it is proposed to increase the level of the total excise duty for cigarettes and alcoholic beverages.