Employer Social Security rates reduced in Romania with effect from 1 October 2014

Posted on 9th January, 2014
 | 

Estimated reading time 2 minutes

From 1 October 2014, Romanian employer social security contributions have reduced by 5%.  There is no change to employee contributions.

Working condition

Employee contribution

Employer contribution

Total contribution

Normal working conditions

10.5%

15.8%

26.3%

Special working conditions

  • employee is exposed to high occupational risk factors for at least 50% of normal working hours

10.5%

20.8%

31.3%

Different working conditions:

  • employee is exposed to high occupational risk factors throughout normal working hours
  • high risk jobs in national security, national defence or public order

10.5%

25.8%

36.3%

Resources

Official Gazette of Romania, Part I, no. 687 dated 19 September, Law no. 123/2014 (in Romanian language)

For further information or to discuss any of the issues raised, please contact Marilena Ene on +4021 230 01 71 at Ratiu & Ratiu - www.ratiu.ro/en.

Disclaimer

Content is for general information purposes only. The information provided is not intended to be comprehensive and it does not constitute or contain legal or other advice. If you require assistance in relation to any issue please seek specific advice relevant to your particular circumstances. In particular, no responsibility shall be accepted by the authors or by Abbiss Cadres LLP for any losses occasioned by reliance on any content appearing on or accessible from this article. For further legal information click here.

Circular 230 disclosure

To ensure compliance with requirements imposed by the IRS and other taxing authorities, we inform you that any tax advice contained in this article (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Copying

If you would like to copy or otherwise reproduce this article then you may do so provided that: (1) any such copy or reproduction is for your own personal use or if it is made available to any third party it is done so on a free of charge basis; and (2) the article is reproduced in full together with the contact details, disclaimer and any logos as they appear on each article.