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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.

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