03.18.2022

DIGI Group, through the operations of telecommunications company RCS & RDS S.A. and of all its entities operating in Romania, paid RON172 million in taxes and duties to the Romanian state budget in more

03.16.2022

Romania will raise contributions to mandatory private pension funds (Pillar II) to reach 4.75% of contributors' gross wage from the current share of 3.75%, starting January 1, 2024, the government more

01.08.2020

Romania's government will raise contributions to mandatory private pensions (Pillar II) to reach 6% of contributors' gross wage from the current share of 3.75%, finance minister Florin Citu said late more

09.05.2018

Contributions to the mandatory private pension pillar (Pillar II) totaled RON3.83 billion (EUR822.29 million) in the first half of the year, 11.86% higher compared with the same period a year ago, a more

01.16.2018

The banking sector paid a total RON20.6 billion to Romania’s state budget between 2012 and 2016, in taxes and contributions, according to a study released Tuesday by the Romanian Banking Association more

09.19.2017

Romania's finance minister Ionuţ Misa said Tuesday the government plans to “freeze” gross wages temporarily, while it transfers payments due on social security from employers to employees. more

07.28.2017

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07.17.2017

Romania has the 7th biggest cost of social security contributions among EU member states, after the cap was removed from the basis of calculation as of 1 February 2017, according to a study by more

12.09.2015

The Romanian Government on Wednesday decided to push back to 2017 the deadline by which contributions to the mandatory private pension system (Pillar II) will be increased to a maximum ceiling of 6%. more

10.01.2015

The Romanian Businessmen Association (AOAR) plan to ask the prime minister and the finance minister Tuesday, October 6, to issue an emergency ordinance aimed at removing the payment of health more

02.18.2015

All income earners will have to pay social security and health insurance contributions and starting 2017, the social security tax rate will be lowered from 10.5% to 7.5%, for employees, and from 15.8% more

07.28.2014

Romania’s Health Minister Nicolae Banicioiu said Monday that health contributions will not be increased either this year or in the upcoming years, adding the government held no talks on the issue. more

02.21.2014

Romanians pay the highest social security contributions in the Central and Eastern Europe, a report from the World Bank showed Friday. more

11.07.2013

Contributions to the mandatory private pension system (Pillar II) will increase from 4% to 4.5% of employees’ gross income in 2014, according to Romania’s draft state budget for next year, more

11.05.2013

Lowering social security contributions in Romania has not been considered in draft budget for 2014 as wages, pensions and public investments represent a priority and any fiscal relaxation on the labor more

11.04.2013

Romania will reduce social security contributions by 5 percentage points in the second half of 2014 if the Government finds by July 1 the financial resources needed to offset the measure's impact on more

07.29.2013

Some 2.3 million of the 5.9 million Romanians holding mandatory private pension accounts (Pillar II) paid no contributions in June, because they either have no job or are working based on no labor more

01.31.2013

Cutting social security contributions is a way to stimulate the economy, given that Romania has remained one of the countries with the highest levels of social security contributions, 44.45% of the more

09.20.2012

The number of participants whose contributions were transferred to mandatory private pension funds (Pillar II) reached 3.58 million in August, accounting for 62.87% of total participants, up 1.4% from more

07.04.2012

Romania’s healthcare reform bill sets the new contributions to the mandatory health insurance fund at 5.5% for the insured, 5.2% for the employers and at 5.5% for the insured whose contribution is more

04.19.2012

More than two million Romanian pensioners who earn less than 740 lei (EUR170) will no longer pay the 5.5% contribution to social health insurance, leaving the state budget without roughly EUR1 billion more

10.18.2011

The Romanian Chamber of Deputies’ committees for labor and health on Tuesday rejected for the second time Government emergency ordinance 107/2010 whereby pensioners earning at least 740 lei (EUR170) more

10.14.2011

Romania ranks among the countries with the highest level of combined employer/employee social contributions on $100,000 of gross income, placing it 18th among 87 states surveyed in the category, more

08.10.2011

Romania's Government has decided to postpone reducing the social security contributions paid by employers for "the best time" since it cannot afford this measure in the current economic context, more

05.18.2011

A cut in social security contributions, or CAS, is being considered in the government's letter of intent to the International Monetary Fund, but will be conditional on the performance of budget more