The social security tax is reduces with 5%
Law no 123/2014 amending Law no 571/2003 regarding Fiscal Code was published into Official Gazette no 687/19.09.2014.
Social security contribution rates due by the employer are reduced by five percentage points.
Depending on working conditions, social insurance contribution rates due to public pension system are:
– 26.3% for normal working conditions, of which 10.5% for individual contribution and 15.8% the contribution payable by the employer;
– 31.3% for normal working conditions, of which 10.5% for individual contribution and 20.8% the contribution payable by the employer;
– 36.3% for normal working conditions, of which 10.5% for individual contribution and 25.8% the contribution payable by the employer.
The law should apply starting with the incomes related to October 2014.
