Women employed can opt to continue the working relationships after the retirement age (63 years), by the age of 65, and the minimum gross basic salary will be differentiated according to studies and length of service. Read more!
Payroll, HR and Labour Law
Nowadays, businesses often give shopping vouchers, gift vouchers, or various type of coupons in order to boost their sales. Under the current VAT regulations, the VAT rating of vouchers is very favorable, since the sale of vouchers does not fall within the taxable transactions.
In order to benefit from the tax exemption income from salaries and assimilated wages, IT employees in Romania must meet a number of conditions and have supporting documents.
The provisions of an Internal Regulation refer to discipline, hygiene, work safety, management and employees’ obligations and apply to all employees, irrespective of the duration of the individual employment contract.
Due to the difficulties faced by the companies in implementing the electronic cash registers triggered by both the producers/distributors of electronic cash registers and tax authorities, by delaying the publishing of technical procedures, the application of penalties for the companies that do not use electronic cash registers was postponed.
Starting January 2018, a higher minimum wage was adopted in Slovakia with direct impact in wage allowance for weekend and night work. 2018 means also an increase of tax credit for children, of the maximum assessment base for the calculation of the contributions also for the sickness benefit.
In Romania, the most significant change approved by the Romanian Government was the social contributions transfer from companies to employees. Following these changes, Romania became the EU’s only member state to shift all social security taxes to employees. More the minimum wage increased and the personal income tax (PIT) has decreased.