Minimum wage changes from January 1, 2025
December 11, 2024Florina Babau
The guaranteed gross minimum basic wage in the country increases from the current 3,700 lei to 4,050 lei gross monthly.
READ MOREThe year 2018 started with a lot of fiscal changes, contained in various normative acts. This is why we are trying to make a brief recap of the legislative changes that take place this year and a reminder of the main checks and declarations to be made at the beginning of the year:
Read articleThe year 2018 started with a lot of fiscal changes, contained in various normative acts. This is why we are trying to make a brief recap of the legislative changes that take place this year and a reminder of the main checks and declarations to be made at the beginning of the year:
The year 2018 started with a lot of fiscal changes, contained in various normative acts. This is why we are trying to make a brief recap of the legislative changes that take place this year and a reminder of the main checks and declarations to be made at the beginning of the year:
Other taxpayers who have to submit it within 90 days from the date of its request: only if they exceed EUR 50,000 of interest or EUR 50,000 of services or EUR 100,000 of sale / purchase of goods. The other taxpayers have no obligation on this file, but all intra-group transactions must comply with the market value principle;
If a person does not receive income of any kind (and he/she is not exempted from the payment, like: retired, unemployed, socially assisted, disabled, etc.), he / she owes a contribution to health either by paying 190 lei / month when he needs insurance, paying 1,330 lei (art.180 paragraph 1 of the fiscal code) Form 604;
Foreign citizens who do not reside in Romania and stay in the country under 90 days are not obliged to pay this quota and those who are resident in Romania but contribute to the public health insurance system in their country will have to demonstrate this by submitting form E104;
Unregistered companies for VAT purposes will not be affected in any way by trading with companies that apply VAT split.
Those who opt for split VAT will have to apply it for a period of at least 1 year (benefit for the split VAT option: 5% reduction of profit / income tax throughout its application).
Those who are required to apply it may exit the system at least six months after they are no longer in one of the situations that led to the application of the VAT split scheme.
It is also worth mentioning:
For any further questions or clarifications, feel free to contact Ascent Group’s consultants. Find us through our Facebook or LinkedIn page or by email.