Changes in the fiscal and labour code from 1 january 2018

We present some legislative news with impact in the field of labor law and tax law.

A.     CHANGES IN THE FISCAL CODE

Government Emergency Ordinance no. 79/2017 for amending and completing the Law no. 227/2015 regarding the Fiscal Code.

The new normative act includes several changes to the tax regime, among which:

Near shoren van uw bedrijfsprocessen in Roemenie

Near shoren van uw bedrijfsprocessen in Roemenie In de jaren negentig komt het verplaatsen van productieactiviteiten naar landen elders in Europa of daarbuiten op volle gang. Directe besparing op de arbeidskosten staat dan nog centraal. In het decennium erna komt het accent steeds meer te liggen op het verplaatsen van dienstverlening naar het buitenland. Naast de directe besparing op de arbeidskosten wordt de noodzaak hiertoe ook ingegeven door een tekort aan bekwaam arbeidspotentieel binnen de locale markt. Kortom; buiten de grenzen is er wel arbeidspotentieel voor minder geld.

Amendments to the conditions for application of income tax exemption to software engineers

More info and help: mail frjacobs@telenet.be

A new legislative Order has introduced changes regarding the tax exemption available on the wages of IT professionals. In order to decide who will benefit from said tax exemption certain conditions must be met, as follows:

• Reintroduction of the EUR 10,000 threshold

In order to benefit from the income tax exemption for software engineers, the employer must have earned at least EUR 10,000 per software engineer during the previous fiscal year.

Start-up nation Romania subventions

The "Start-Up Nation - Romania" programme awards the minimis aid to a maximum of 10,000  small and medium-sized enterprises at a maximum value of 200,000 lei per beneficiary, representing 100% of the value of eligible expenditure.

info mail frjacobs@telenet.be

FINANCING

MAXIM 100% AFN, but can not exceed 200,000 lei per beneficiary (including VAT for non-paying companies)

The tax on micro-enterprises becomes compulsory for all businesses with turnover below 500,000 euros the tax rate is only 3%

All companies with private capital  that earned up to 500,000 euros in revenue in 2016 are required to change their tax system by becoming a taxpayer on microfinance income. Basically, no private company with income under this ceiling can not  pay a 16%  tax rate, but is forced to apply the tax regime for micro-enterprises. The only companies that escape this obligation are those with social capital of at least 45,000 lei, who can choose which tax system they apply (micro or profit tax).

Seminar ICT and Automation : investment approach and potential subventions and grants

Belgian week in Cluj Napoca by Beroba (The Belgian Romanian Business Association) and The Embassy of the Kingdom of Belgium

Seminar Tuesday 25 April 2017:

ICT and Automation : investment approach and potential subventions and grants

Venue : Hotel Grand Italia,Strada Trifoiului,2,Cluj-Napoca, Romania , conference room 2 : 

Offer 1002 Exceptional plot 37600 sqm hectare industrial land for sale in iclod in cluj Romania 2 or 3 parcels for industrial investment

Exceptional land for industrial investment. The surface can be  divided in 2 or 3 plots. Each plot has an opening at the national road. The price 10 Euro/sqm.

Location iclod near cluj on teh road to deva in front of teh radiator factory.

Wide street opening D=146 m with easy access from national road Cluj –Dej. There is a modified PUG available. The classification of the land is “industrial” because of the classification in the urbanism plan of the city Iclod (PUG).

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