Romania - Income tax changed - January 31, 2017

The Chamber of Deputies has adopted a draft project that amends the Fiscal Code to remove the health contributions for pensions, as well as the income tax of 16% for the pensions below RON 2,000 (443 euro). Until now, only the pensions below RON 1,050 were exempted from paying the income tax of 16%. Currently, over 3.1 million retirees in Romania have pensions below RON 1,050. The new bill extends this measure to the pensions ranging between RON 1,050 and RON 2,000. A number of 1.43 million Romanians will thus be exempted from paying the income tax of 16%.

English: http://www.romania-insider.com/romanian-deputies-remove-income-tax ...  

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, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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