September' 2014 | Archive | Blog
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.
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.
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.