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September' 2014 | Archive | Blog

Fiscal obligations for individual taxpayers

2014-09-29

The Romanian National Agency for Fiscal Administration (NAFA) recently published a fiscal guide for taxpayers who derive income form independent professional services in Romania. This regulates the fiscal obligations for self-employed individuals who perform professional services, either individually or in a form of association.

Social security contributions reduced by 5%

2014-09-23

Romanian authorities reduced the social security contributions by 5% according to a law passed earlier in September. This measure will encourage the creation of new workplaces and it will encourage foreign investors to open companies in the private sector. This change will have a significant impact starting with 2015.

New resources for financing small and medium sized enterprises

2014-09-14
The Romanian CEC Bank will access a 100 million euro loan from the European Investment Bank for financing projects initiated by small and medium sized companies. The loan will also help companies operating in the media industry, various services, tourism and infrastructure. This measure shows that small and medium sized companies in Romania play an important part in the overall economy.
 

The tax for special constructions will be reduced

2014-09-07

The tax for special constructions in Romania will be reduced from 1,5% to 1% of the entire value of the construction. The collected amounts will be used by the local authorities and will not be included in the state budget.