Romanian tax update

Jan 03, 2020 | Insight

Please note a number of amendments included in Law no. 263/2019 on the amendment of Law 227/2015 regarding the Fiscal Code, effective as of 1 January 2020.

  • National minimum wage will no longer be applicable to the social security and health insurance contributions due for the salary income obtained from part-time employment agreements.  Henceforth, amounts will be computed based on the actual salary income.
  • Excise duties on motor fuel are decreased based on the annual inflation rate (as published periodically by Ministry of Public Finance).

With respect to minimum annual income amounts, the threshold for social security and/or health insurance contributions are henceforth applicable to people with non-salary incomes is increased from 24,960 RON to 26,760 RON.