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Changes regarding the average gross salary in 2024

Starting with January 2023, the average gross salary used to base the state social insurance budget is 7,567 lei. The normative act underlying this amendment is Law no. 422/2023 of the state social insurance budget for 2024, effective from January 01, 2024 and published in the Official Gazette, Part I no. 1188 of

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Fiscal changes regarding salary income and social contributions

A series of changes referring to income from salaries, as well as social contributions, came into force as a result of the amendments to the Fiscal Code through the Emergency ordinance no. 115/2023 regarding some fiscal-budgetary measures in the field of public expenditures, for fiscal consolidation, combating fiscal evasion, for the modification

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Calculation scenarios regarding taxation of IT income

The provisions of Law No. 296/2023 regarding certain fiscal-budgetary measures to ensure Romania’s long-term financial sustainability will apply starting with the income of November. The IT sector is the first category of employees that will be affected by these changes. The income tax exemption that IT workers have enjoyed since

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New minimum wages for construction, agricultural and food industry fields

Changes regarding the value of the gross minimum basic salary per country, guaranteed in payment, for the construction, agricultural and food industry sectors. The normative act that regulates this changes is Emergency ordinance no. 93/2023 for establishing the gross minimum basic salary per country guaranteed in payment for the construction, agricultural

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Important changes in the Fiscal Code with applicability in the HR sphere

Law no. 296/2023 regarding some fiscal-budgetary measures to ensure Romania’s long-term financial sustainability entered into force. Thus, a series of changes regarding the revenues in the fields of IT, construction and agri-food will be applied starting with November, and from January 1, 2024, the taxation with health contribution of meal vouchers and holiday vouchers

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Changes in the calculation of pension income tax

Starting with January 1, 2024, there will be changes regarding the taxation of pension income. The normative act that will regulate these changes is Law no. 282/2023, for the amendment and completion of some normative acts in the field of service pensions and Law no. 227/2015 regarding the Fiscal Code, published

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