Category Archives: Wages and Taxes

Minimum wage in France in 2021

The French minimum wage (salaire minimum in French), also called SMIC (Salaire Moyen Interprofessionnel de Croissance, or growth cross-sectoral minimum wage), represents the minimum amount (lowest salary) per hour or per month that employers have to legally pay their employees. What is this amount in 2021 ? Who determines it ? How often does it…
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Income Tax in Romania: Possible Revolution Starting 2018

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…
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Freelance Activities in Romania: Taxes to be paid as of 2017

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…
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Understanding the Romanian Civil Contract

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…
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Income Tax Exemption for IT Employees in Romania

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…
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Income Tax in Romania : 2017 Updates

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…
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International Women’s Day : Incentives Offered by Romanian Employers

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…
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Health and pension contributions in Romania: what changes in 2017 ?

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'…
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Minimum Wage in Romania – 2017

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…
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Christmas gift vouchers : fiscal conditions in Romania

With Christmas just around the corner, the whole month of December is basically synonymous with gifts and gift-giving. All over the world everybody’s mind is set on how pleasant it will be to make and receive presents on this special occasion. Therefore, as payroll professionnals, we can’t but think about gift vouchers and their fiscal…
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