A common project of the Ministry of Finance and that of Labour and Social Justice Ministry, issued and presented for the first time in April 2017, brought a great surprise for both specialists and society members. This project, if materialized, will be a part of the new Economic Code, bringing some very important changes from…Read more
About: Irina Iteanu
With over 20 years of experience in payroll and accounting, Irina’s professional expertise speaks for itself. With an International Economic Relations degree, our specialist proves a particular ability with numbers and labour legislation. Expert Accountant from 2007 and Human Resources Inspector, Irina provides legal consultancy and payroll management services.
Recent Posts by Irina Iteanu
How to start a business in Romania if you are a foreign company and you are looking into setting up a local subsidiary? This is the question we will be tackling today on our blog, in a step by step guide covering all practical information you need to know. HOW TO START A BUSINESS IN…Read more
The Easter holiday brings good news for employers in Romania. They can take advantage of this festive time of the year by granting their employees a special bonus, under very favourable conditions. Don’t miss out on a good opportunity to financially motivate your staff! EASTER BONUS IN ROMANIA: THE GRANTING CONDITION For employers in Romania,…Read more
If you choose to be a freelancer in Romania and you have the legal authorization for this, the taxes to be paid are a bit different than for employed people. We hereby offer a big picture of all the different contributions to be taken into account by those undergoing such freelance activities. TAXATION FOR FREELANCE…Read more
The “civil convention” is a well-known form of civil contract and has been used for some years now. It is reflecting the work relation between an entity and a person who renders different services. The legal framework is a bit unclear for persons in this situation in Romania. We are trying to shed some light…Read more
An income tax exemption for IT employees exists in Romania since 2004. The qualifying condition were unfortunately fairly hard to meet. But this is no longer the case, since the 1st of February 2017 it has become easier to benefit from this tax exemption. Here is why. IT EMPLOYEES: EXEMPTED FROM INCOME TAX IN ROMANIA…Read more
In Romania, the income tax is collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. For the government, the income tax is very important because it is generating a considerable source of revenue. Since 2005, Romania is applying a flat tax rate of 16 %. INCOME TAX…Read more
Today, the 8th of March, we are celebrating the International Women's Day. Originally called the International Working Women’s Day, we continue the tradition nowadays in Romania as well, just as in other 59 countries around the globe. In Romania we are used to call it Mother’s Day, an occasion on which all the children prepare…Read more
The collection of health and pension contributions in Romania goes through a couple of changes this year. Employees will have to get used to a slightly different calculation method of these contributions in 2017, which will also impact employers. HEALTH AND PENSION CONTRIBUTIONS IN ROMANIA - JANUARY 2017 More precisely, as of January 2017, employees'…Read more
We are looking today at the reevaluation of the main payroll and HR indicator in Romania in 2017, the minimum wage. What changed starting this January, 1st for Romanian employees ? What is the financial impact of these changes for Romanian employers ? 1ST OF JANUARY 2017 : NEW MINIMUM WAGE IN ROMANIA The minimum…Read more
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