Doing Business with Romania - Über die Osec

issued by Ministry of Labour, Social Solidarity and Family, Ministry of Communications and
Information Technology and Ministry of Finance).
Taxation on wages
Social security contributions at the individual level (employees):
o Social security contribution (i.e. pension) - 10.5% on the gross income from every month;
o Health fund contribution - 5.5% applied to the gross monthly income;
o Unemployment insurance contribution - 0.5% applied to the same gross monthly income.
� LOCAL TAXES AND DUTIES:
Local taxes in Romania are regulated by the Fiscal Code and represent a distinct category set by the
local administration; the local taxes are payable by both individuals and entities in Romania.
o Tax on buildings: Real estate owners pay an annual tax on buildings, except for some
specific cases provided by the Fiscal Code.
o Tax on land: This tax is calculated annually per square meter. The tax varies in accordance
with the location of the land.
o Vehicle tax: Owners, whether individuals or legal entities, pay a tax on their own means of
transport, calculated according to engine cylinder capacity.
o Fee for the issuance of certificates, permits and authorizations;
o Fee for using means of advertising and publicity;
o Tax on shows/performances: Organizers of artistic events, sport competitions, artistic
activities and entertainment activities, such as discotheques and videotheques, are liable to
pay a tax on shows, determined as a percentage of the revenues from sale of tickets or
subscriptions, or as a fixed amount per square meter.
o Hotel fee: A tax of between 0.5% - 5% of the hotel tariffs charged by accommodating units
may be levied by local councils.
Delay penalties
Also, we want to mention, that the tax law establishes the responsibility of taxpayers obligations to
pay accessories obligations for outrunning the statutory period for payment. Accessories are
calculated for each day of delay in payment of taxes from the due date until the date of their payment.
� MAIN REGULATIONS (Law, Government Decision)
� Fiscal Code approved by Law no. 571/2003, as amended up to date;
� Fiscal Proceedings Code, approved by GO 92/2003, as amended up to date;
� Modernized Customs Code, as amended up to date;
� Law no. 146/1997 on judicial stamp taxes, republished;
� Law no. 12/2010 approving the social security budget for 2010
� Agreement between Switzerland and the European Community on the implementation of
measures equivalent to those stipulated by EC Council Directive 48/2003 on taxation of income
from savings in the form of interest payments, published in the Official Journal of the European
Union no. L385/30 of 29th December 2004.
� Government Emergency Ordinance no. 58/2010 amending and supplementing Low no. 571/2003
regarding the Tax Code and other fiscal measures
� Government Emergency Ordinance no. 59/2010
Fiscal affairs – See
o www.eur-lex.europa.eu
o www.customs.ro – National Customs Authority
o http:///www.anaf.ro – National Agency for Fiscal Administration
o www.mfinante.ro – The Ministry of Finance
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