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Project of voluntary increase of the minimum wage in the economy, without taxing the increase

Employers in Romania will be able to voluntarily increase the salaries of employees with the minimum wage by 200 lei, this additional amount will be exempted from the payment of tax and social contributions.

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Legal and fiscal news for 2017

January 26, 2017Renata Ban

Starting with 2017 a series of legislative changes will take place. Some are applicable from the 1st of January, the others from the 1st of February. We have grouped them in several main categories:

The corporate income tax:

  • The taxpayers engaged exclusively in innovation, research and development activities will be exempted from profit tax in the first 10 years of service;
  • Will be extended the deadline for the tax exemption regarding reinvested profit in technological equipment, computers, electronics and peripheral equipment, and also software.

The income tax for microcompanies