Romania To Introduce Unitary Contributions For Copyright, Civil Convention Income – Labor Min

Romania will draw up a special law to regulate copyright, civil conventions and aspects regarding authorized individuals, and will set unitary social contributions for income generated by these activities, Labor Minister Mihai Seitan said at the end of Wednesday’s Government meeting.

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The future special law regulating copyright, civil conventions and authorized individuals' activities will also affect people who have work cards.

The labor minister said the special law will set a 5% health insurance contribution and a 5% contribution to the pension fund for income gained from copyright and civil conventions.

According to a draft emergency decree amending the Fiscal Code, the deductible quotas for income gained from intellectual property rights will be reduced to half, from 40% to 20% of the gross income, and deductible quotas for income gained from creating monumental artworks will also be reduced from 50% to 25% of the gross income.

A document recently drawn up by the Finance Ministry shows that the Government estimates to collect extra revenues totaling 76 million lei (EUR1=RON4.1724) in 2010 by collecting social security contributions for income gained from copyright and by reducing deductible quotas from 40% to 25%.

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