OrbitaxRomanian Government Approves Emergency Ordinance on Individual Taxation, Social Security Contributions, and EU Anti-Tax Avoidance Directive
|Proposed Changes|Romania
On 8 November 2017, the Romanian government reportedly approved a draft Emergency Ordinance including a number of tax measures. The main measures include:
- A reduction in the general individual income tax rate from 16% to 10%;
- A reduction in the overall social security contribution rate from 39.25% of gross salary to 37.25% along with a shift in the contribution burden, with employees subject t…
