Articles and expert opinions
Kindly be informed that in Romania was approved the Law no. 64/2018, through which Good Friday, the last day of Friday before Easter, becomes a day of legal holiday on which no work is performed.
Are you an employer and you’re going to hire new people? In this case, you must not overlook the fact that, before starting work, any new employee must undergo a compulsory medical examination.
If we consider 2013 to be the starting point for the “modernization” of tax records, we can say that within three years the Romanian state has succeeded in transferring this information into Declaration 112. Thus, the declaration of all taxes included in the payroll process were unified in a single monthly tax form, and Romanian
“Our vast experience in the area of payroll advisory helped us identify exactly the type of employment contracts that are advantageous for companies, depending on the industry in which they activate. Moreover, we found solutions so they can be used in companies while equally complying with legal provisions and employee needs”, said Maria Cojocariu, Payroll
The tax measure of reducing CAS by 5%, applicable to incomes starting with October 2014, had a direct impact on salary costs, but the effects were different for each employer. For example, for an employee with a gross monthly income of 3,000 RON, an employer saved 150 RON per month after the CAS reduction, the
Although employers are legally required to provide training to employees, these provisions are not always applied in practice, either because the employers don’t realise the importance of employee development or because they are not willing to bear the costs of such trainings. Professional training leave paid by the employer If the employer failed to comply
Many of us know that a trend of „Bring your own device“ is being spread out there in many multinational companies. The term refers to permission for employees of a company to bring personally owned devices, e.g. laptops, tablets, and smart phones, to their workplace, and to use those devices to access privileged company information and
In relation to the amendment of the personal income tax act, from January 1st 2015 the new principles for determination of income on account of usage of company car for private purposes are applied. As a result of the amendment, the value of employee’s monthly income from this title will depend exclusively on the size
Download PDF Bucharest, November, 2014 – According to Accace, one of the leading outsourcing and business advisory companies in Central and Eastern Europe, the manufacturing industry is offering among the most tax incentives and subsidies for companies on the local market, but other industries, such as IT, agriculture, energy and services also
Download PDF Bucharest, November, 2014 – According to Accace, one of the leading outsourcing and business advisory companies in Central and Eastern Europe, the local outsourcing market for accounting and payroll services increased in 2014, both in terms of demand and regarding the size of companies that use these services. This trend
Download PDF An employee is entitled to a minimum of 20 working days of holiday leave for one year of work, regardless of the nature of the contract and work duration. From Accace’s experience, we have seen that, in practice, most companies grant at least 21 days of annual leave, without taking into account
Accace, a company offering consulting and outsourcing services in payroll, accounting and tax areas, has recently launched its own product – TULIP – a unique platform for managing all accounting, payroll and HR processes. What stood behind the decision of developing an own IT solution? Viktor Mečiar, IT Manager of Accace Group explains: Why
Bucharest, August 25, 2014 – According to Accace, one of the leading outsourcing and business advisory companies in Central and Eastern Europe, advisory services provided to foreign investors for entering the Romanian market increased by 30% in the first semester of this year, compared to the same period of 2013, mainly due to the adverse
Bucharest, June 30, 2014 – Romania is the only country in the region that doesn’t tax the income of IT employees, while the highest tax rate, of 32%, is recorded in Poland, for IT employees with annual incomes of more than 20,500 EUR, according to an analysis made by Accace, one of the leading outsourcing