Romania -Tax cut on social security pay -July 03, 2014

The parliament's lower house approved a 5% point cut in social security taxes for employers that is intended to boost economic growth but will leave a gap in the budget, going against a recommendation from the International Monetary Fund.

The parliament's lower house approved a 5% point cut in social security taxes for employers that is intended to boost economic growth but will leave a gap in the budget, going against a recommendation from the International Monetary Fund. The cut in employers' tax to 15.8% from October 2014 will create a large revenue shortfall, which the government plans to cover with higher than expected returns from a tax on special buildings introduced this year.

English: http://www.brecorder.com/taxation ...   

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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