Increase in the basic personal deduction
The new gross minimum wage automatically raises the maximum limit for the basic deduction to 865 lei.
READ MORE
New tax ceilings and deadlines for submission of declarations
The deadlines for submitting declarations and the updated tax ceilings were also amended with the new year.
Read articleThe deadlines for submitting declarations and the updated tax ceilings were also amended with the new year.
The following are the main changes you will need to consider in 2021.
New deadlines for submission of declarations:
For 2021, the deadline for submission of the following declarations has changed:
- The information declaration 205 – up to and including the last day of February, the current year for the year that has expired;
- The single declaration – up to and including 25 May;
- Declaration 230 – up to and including 25 May;
- Form 207 – last day of February, inclusive, the current year for the previous year;
The new tax ceilings applicable to 2021 are:
Other news in this category
Pay transparency is a complete game-changer in the field of recruitment
June 25, 2026Alexandru Franzen
Although Romania missed the deadline without actually adopting the law transposing the EU directive, pay transparency is rapidly becoming the new reality in HR.
READ MORE
The tax-exempt amount for the minimum wage is decreasing, but the gross cap is increasing
Starting July 1, the tax-exempt portion of the minimum wage will decrease to 200 lei, reducing real take-home pay, but the gross income threshold for eligibility for the tax break will increase to 4,600 lei.
READ MORE
