On 18 June 2014, the Romanian Cabinet approved a reduction in employer social security contributions by 5%. The bill that includes the proposed changes will be submitted to the Romanian parliament for approval and is expected to apply from 1 October 2014.
The new rates will be as follows:
- 15.8% for normal working conditions
- 20.8% for difficult working conditions
- 25.8% for special working conditions
Although the change will result in lost revenue, higher than expected revenue from Romania'…