Tax exemption for ICT employees in Romania

The procedure regarding the exemption from income tax for IT employees was modified by Order of the Ministry of Finance no. 835/2015 which replaces the old legal framework (MFP Order no. 1479/2013 – repealed). The new regulations stipulate that the employees in this sector may be exempt from income tax only if they occupy certain positions, as defined by the law.

Starting July 30, the alumni working in this sector must be in one of the eight functions, as defined in the Annex of the Order 835/2015:

Reduction of the tax rate for dividend revenue obtained by non-residents in Romania

The new fiscal code.

The tax rate for dividend revenues derived by non-residents from Romania has been reduced from 16% to 5%, as of 1 January 2017, similarly to the amendment brought in the case of distribution of dividends to Romanian legal entities.

 

More info mail frjacobs@telenet.be

 

INTEREST ON DEPOSIT IN KAZAKHSTAN 14 percent per year in 2017

Keeping some cash in your investment portfolio has always been important for both an emergency fund and to meet short-term goals. But in 2017, it will be even more important, since market volatility is expected to be higher than usual. You don’t want to be forced to sell stocks when you need cash in a down market.

The question is: Where should you put your savings in 2017 ?

One of the answers is : The Republic o Kazakhstan.

Minimum deposit amount USD 5000, EURO 5000 or KZT 750 000                                                           

Ondernemen en sparen in Roemenië met drie procent belastingen

“Roemenië is een arm land met een corrupte overheid en een bevolking van zigeuners die niet werken en daardoor stelen en bedelen”. 

Dat is het verkeerde beeld dat veel mensen van Roemenië hebben. De grootste schuld ligt bij de internationale media en de marketing van de Roemeense overheid.

Detachment with A1 form in Romania - procedure for A1 in Romania

Employee’s mobility is on many employers’ agenda for a wide number of reasons, including limited qualified resources and entering new territories. The procedure for detachment in Romania is one of Europe’s difficult cases and basically Romania looses a lot of taxes by a central agency that is working with a procedure that is contra productive and against migration to other regions in Europe. But with a lot of effort you will obtain your A1 form as employee or independent worker – PFA. We hope that the government will simplify the application to obtain European standards (e.g.

Micro company in Romania has a tax regime of 3 percent till 100.000 euro – taxes in Romania

More info mail frjacobs@telenet.be

The micro company is a very interesting company as the tax levels are very low. It can be used to save money as it is a company it is fully legal (piggy bank). With this company you can invest and when you make the pension you simply dissolve it and then the remaining money will be transferred after legal dissolvation in conformity with law 31/1990 to your personal account.

Een bedrijf oprichten in Roemenie en fiscale holdingstructuren in Roemenie

Voor bijkomend advies en info mail: frjacobs@telenet.be

Wij constateren  dat steeds meer ondernemingen kiezen voor de oprichting van een onderneming of dochteronderneming in het buitenland. Door de lage oprichtingskosten, snelle oprichtingsduur in combinatie met de beperkte aansprakelijkheid en lage belastingdruk  is  de Roemeense limited (srl) erg populair.

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