Salaries Won In Court Subject To Social Security Taxes - Amended Romanian Fiscal Code

Salaries awarded through court rulings and the wage earned by the president of a homeowners' association will be included in the gross income and will be subject to social security taxes, under Romania's Fiscal Code, as amended by the Government.

11 views

The gross income will include, among others, the part of the net profit received by the administrators of a state-owned company and the monthly benefits paid by employers during the non-compete period, set in accordance with the individual labor contract.

This tax base will also include benefits paid to employees delegated to another location for work, provided by non-profit legal persons and other entities which do not pay the profit tax, if the amount is 2.5 times greater than the benefit provided to the employees of public institutions.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.