Comprehensive Employment and Tax Guide Romania
General Overview
- Currency: Romanian Leu (RON)
- Languages: Daily and business communication in Romanian.
- Public Holidays: Total of 15 days national public holidays.
- Capital: Bucharest
- Fiscal Year: Running from Jan 1 to Dec 31.
- Minimum Hourly Wage: RON 17.00 (2023).
Tax Essentials
- Income Tax Range: 10% (flat rate).
- Other Taxes: VAT 19%, Corporate tax 16%.
Social Security Contributions
- Employer Charges: From Approx. 25% to 35%.
- Employee Charges: From Approx. 35% (combined with income tax).
Employment Contracts & Conditions
- Contract Types: Permanent, Fixed-term.
- Trial Periods: Up to 90 days.
- Paid Holiday: 20 days annually.
- Salary Payment Frequencies: Monthly.
- Termination Notice: Notice varies, typically 20-45 days.
Legal Benefits for Employees
- Medical Coverage: State (basic healthcare included).
- Common Non-Compulsory Benefits: Meal vouchers, private health insurance.
Hiring Non-Resident/Non-European Workers
- Visa & Work Permits Obligation: Yes, for non-EU/EEA citizens.
- High-Skilled Worker Permits: EU Blue Card; requires a university degree and a job offer with a salary at least 1.5 times the average gross annual salary.
- Visa & Work Permits Timelines: Up to 90 days.
The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.
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