TAX

Taxes in Romania, 2011

 

General Taxes, 2011

Company income tax 16%
VAT 24%
Flat tax rate 16%

 

Social Contributions, 2011

Social security, health, and unemployment benefit contributions, % of the employee's monthly salary, 2011 EMPLOYER - % calculated against the gross salary EMPLOYEE
Social security contribution 20.8% 10.5% - calculated against the gross salary
Accident insurance fund from the CAS (National Health Insurance) 0.15% - 0.63% 0%
Social security and health contribution 5.2% 5.5% - calculated against the gross salary
Medical leave and work-related accidents fund 0.85% 0%
Unemployment fund 0.5% 0.5% - calculated against the realized salary less the costs supported by the National Fund of Health Social Securities
Guarantee fund 0.25% 0%
Salary tax 0% 16%