SIMILAR ARTICLES

Top 3 reasons why young people leave Romania

Lack of trust in authorities, corruption and low living standards are the main reasons why young people leave Romania. The data is part of a… Mai mult

Massive increase in import of electricity, stimulated by government policy: 38% in first five months. Trend continues

Romania imported 38% more electricity in the first five months of this year, compared to the same period of 2018, according to the most recent… Mai mult

IMM Invest Romania – program implementing rules have been published

The Ministry of Public Finance announces that it has issued the methodological norms for the implementation of the Program for supporting small and medium-sized enterprises… Mai mult

Government is trying to save budget deficit: reductions in public administration system, cancellation of bonus for harmful conditions, excise duty on soft drinks

The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News… Mai mult

Pollution import and car park expansion: comparisons with the other EU states

Romania is the EU country with the fewest cars in terms of the number of inhabitants, according to data recently published by Eurostat. We appear… Mai mult

Cronicile

A new amendment to the Tax Code: PFAs are first targeted

de Vladimir Ionescu , 26.2.2018

The Minister of Finance wants to increase the taxation of income for PFAs (self-employed person), which is now capped at the national minimum wage level.

“An employee pays taxes on the amounts earned. Correct? Unfortunately, there is an unpleasant situation in the PFA sector where an employee pays more health contribution than the employer. And I think you agree with me that it is fair and correct for all those who earn over 1,900 lei, the minimum national wage, to pay contributions on what they earn,” Eugen Teodorovici explained.

He did not give any further details about the changes to be made and whether the measures will strictly target the PFA or, if the Tax Code is to be amended, other contributing entities will also be targeted.

An employee pays social contributions based on the income earned, while PFAs have the possibility to pay them based on the gross minimum national wage of 1,900 lei.

“The amount where it is equalised would be about 2,100 lei per month, but the higher the income over RON 2,100 per month, the more advantaged the PFA, certainly. I hope we shall not end up with a situation in which people will try to abuse that,” said Mihaela Mitroi, tax consultant for Digi24.

Last year 23,888 PFAs have been established, 3,000 more than in 2016.

Mergeți în homepage ›

Publicat la data de 26.2.2018

Lăsați un comentariu


NEWS

Top 3 reasons why young people leave Romania

Lack of trust in authorities, corruption and low living standards are the main reasons why young people leave Romania. The data is part of a… Mai mult

IMM Invest Romania – program implementing rules have been published

The Ministry of Public Finance announces that it has issued the methodological norms for the implementation of the Program for supporting small and medium-sized enterprises… Mai mult

Pollution import and car park expansion: comparisons with the other EU states

Romania is the EU country with the fewest cars in terms of the number of inhabitants, according to data recently published by Eurostat. We appear… Mai mult

Government is trying to save budget deficit: reductions in public administration system, cancellation of bonus for harmful conditions, excise duty on soft drinks

The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News… Mai mult

Laura Codruta Kovesi remains alone in the race for European Chief Prosecutor

French Prosecutor Jean-Francois Bohnert will be appointed as head of the European Financial Prosecutor's Office, a position for which he was heard on Thursday, 11… Mai mult

Romania - EU country with highest risk of dying in a road accident, Bulgaria is quickly decreasing number of victims since it built motorways

Romania recorded the highest road deaths in the EU also last year, with 96 deaths per one million inhabitants in 2018, almost double the EU… Mai mult

Latest developments in progress at Health Ministry: Differentiated wages based on performance, competitions organised at a regional level not by hospitals

Sorina Pintea announced on Thursday further new changes that will be brought to the functioning of the health care system, including new rules for employment… Mai mult

ANAF changes selection procedure for liquidators. Main changes

The new order on approval and selection procedures for insolvency practitioners is an important step to a very good direction, industry experts say. ANAF is… Mai mult

Romania loses competition for a seat at UN Security Council. MAE Excuse: Campaign started too late

Romania lost to Estonia in the final vote to get the non-permanent member position within the UN Security Council for the period 2020-2021. On Friday,… Mai mult

Business internationalization / eMAG makes a step to entry five new international markets and targets a business of EUR 2 billion

eMAG hopes to get the opinion of the Hungarian Competition Council over the next two months for the acquisition of Extreme Digital, the market leader… Mai mult

"At a distance from books": 85,000 teachers (one third of educational staff) are graduates of distance learning

Approximately 85,000 teachers are graduates of distance learning (ID) programs, Education Minister Ecaterina Andronescu said at a meeting with school inspectors from Caras-Severin County. The… Mai mult

Mugur Isarescu: We should make a film for Viasat History about treasure in Moscow

A book should be written or a movie should be made and sent to Viasat History about a treasure evacuated to Moscow, as it is… Mai mult