The procedure regarding the exemption from income tax for IT employees&employer  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by Order of the Ministry of Finance no. 835/2015 which replaces the old legal framework (MFP Order no. 1479/2013 – repealed).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:

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How to create a Romanian company in 2024

We are specialized in providing assistance and guidance related to international company formation in Romania, company registration in Romania and related services in Romania. We also assist with the management and administration of international companies, and provide company services that are designed to guide and support the daily business.

Romania is emerging as an enticing destination for those looking to invest in Romania, by its strategic European location that assures seamless access to diverse markets including the EU, CIS, and Middle East. Romania offers a robust terrain for Romania investment opportunities.

In the upcoming year of 2024, there will be notable changes in corporate taxation. The following are the main adjustments that will be put into effect.

Eligibility Criteria for Being Considered as a Micro-Enterprise in Romania

The most significant alterations pertain to the categorization of businesses as micro-enterprises.

CIBR INTERNATIONAL’s company secretarial department provides clients with a full suite of cost-effective company secretarial services, ensuring our clients have peace of mind that they meet the legal and administrative requirements.

In Romania, the intricacies of recruitment are shaped by a diverse linguistic landscape, with Romanian as the official language spoken by 85% of the population. Additionally, many Romanians are proficient in Hungarian, Romani, Ukrainian, Russian, and Bulgarian, and there is a growing trend among the young population to learn English, French, or German.

Is de Roemeense wereld van e-facturatie klaar om veroverd te worden?

Stop met zoeken! We zijn verheugd je onze video "E-factura in Roemenië: A Crash Course", die dient als complete handleiding voor de aanpassing aan de verplichte invoering van e-facturatie. Deze boeiende video laat mijn kennis zien en biedt een uitgebreide, stap-voor-stap uitleg over het effectief beheren van de nieuwe fiscale rapportageprocedures.

The Official Gazette of Romania  has released the SME grant scheme, which falls under the National Recovery and Resilience Plan (PNRR), offering EUR 500,000-3 million to non-IT companies in partnership with IT companies for digitization projects.

The scheme, known as "Grants to support entrepreneurs in the development of advanced digital technologies," aims to assist SMEs in implementing innovative digital technologies such as data and cloud computing, blockchain, high performance and quantum computing, the internet of things, and cyber security.

Romania has taken a significant leap toward modernizing financial transactions with the implementation of the mandatory RO e-invoicing system. Since July 2022, the system named e-Factura has become a pivotal structure in business-to-government (B2G) transactions, as well as in high fiscal-risk business-to-business (B2B) interactions. With a continuous advancement towards complete digital invoicing, January 2024 marks a landmark when all B2B transactions will require e-invoice compliance.

Please discover our near shoring assistance in Romania.

Read also:

The benefits of nearshoring company processes in Romania

Nearshoring in de IT-sector in Roemenië: Een aantrekkelijke optie voor bedrijven