Payroll

Christmas gifts for employees: tax rules and benefits for employers

Christmas represents a time when employers can offer benefits to their employees in the form of gifts, whether monetary, in-kind, or gift vouchers. In Romania, these benefits are not only a way to reward employees' work but also an opportunity to reduce tax costs, according to the provisions of the

Decision no. 1506/2024 for establishing the minimum basic salary in 2025

In the Official Gazette no. 1185 of 28.11.2024 was published Decision no. 1506 for establishing the minimum gross basic salary per country guaranteed in payment. As of 1 January 2025, the minimum gross basic salary per country guaranteed in payment shall be fixed in money, not including bonuses and other

Order regarding the increase of cultural voucher values

The Order of the Minister of Finance no. 4,680/2024, which sets the indexed value of cultural vouchers for the second semester of 2024, has been published in the Official Gazette. According to this order, starting from October 2024, the maximum value of cultural vouchers granted is 220 RON per month

Minimum gross salary increases to 3,700 lei monthly starting July 1, 2024

Starting from July 1, 2024, the guaranteed minimum gross monthly salary in Romania will be increased to 3,700 lei, excluding allowances, bonuses, and other additions, up from the current level of 3,300 lei. With this raise, the minimum net base salary will be 2,363 lei, compared to the previous 2,079

Changes regarding Health Insurance Contributions for Medical Leave

As of April 12, 2024, Government Emergency Ordinance 34/2024 has come into force, bringing significant changes regarding the obligation to pay Health Insurance Contributions (HIC) for medical leave, in accordance with the provisions of Government Emergency Ordinance 158/2005. According to the provisions of Government Emergency Ordinance 34/2024, it has been

New regulations introduced by Emergency Ordinance 115 – Individual taxation

In the context of recent legislative changes, significant modifications are made regarding the application of income tax exemption. The new rules cover various aspects, including salary income, the value of subscriptions, and various benefits granted by employers to their employees. Below, we will detail the main changes and their implications.

Newsletter: Major Changes in Salary Tax Calculation Adopted by the Romanian Government through OUG no. 115/2023

We would like to bring to your attention significant changes in salary tax calculation recently adopted by the Romanian Government through Emergency Ordinance (OUG) no. 115/2023, published in the Official Gazette, series 1139/15.12.2023. These changes will come into effect from January 1, 2024, impacting various aspects of employee benefits. Key

Minimum gross salary for construction, agriculture and food industry sectors

On October 31, 2023, the Government adopted Emergency Ordinance no. 93/31.10.2023, which introduced changes regarding the gross minimum wage in certain key sectors of the economy. These changes will have a direct impact on workers in the construction, agriculture, and food industry sectors. Minimum Wage in the Construction Sector The

Order of the Ministry of Finance no. 2,540/2023: increase in cultural vouchers value

According to the new regulations, the values of cultural vouchers have been increased to 210 lei per month and 420 lei per event. The new values established by Order of the Ministry of Finance no. 2,540/2023 will be valid for the second semester of the current year, starting from October

Minimum gross salary increases to 3,300 lei monthly starting October 1, 2023

Starting from October 1, 2023, the guaranteed minimum gross monthly salary in Romania will be increased to 3,300 lei, excluding allowances, bonuses, and other additions, up from the current level of 3,000 lei. With this raise, the minimum net base salary will be 2,079 lei, compared to the previous 1,898

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