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.
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Recruitment in Belgium and Romania: Employer Branding
Why Employer Branding?
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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)
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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).
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15 lei – the new face value of the meal tickets in Romania
Starting December 2016, the new maximum nominal value of meal vouchers is 15 lei.
The new nominal value of meal vouchers was established by Law no. 218/2016 for the amendment of Art. 3 paragraphs. (1) of Law no. 142/1998 regarding grating food vouchers, published in the Official Gazette no. 931/2016.
Therefore, in accordance with the provisions of this law the order meal tickets with face values of up to 15 lei inclusive can be delivered starting from December.
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Seminar: Investing, outsourcing and recruitment in Romania
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Where: Tinnenpot hall courtyard, Tinnenpotstraat 21, 9000 Ghent When: Sunday, February 5th OM 15h Speaker: ir. Freddy Jacobs, president "Belgian Romanian Real Estate Chamber '
You will get answer on the following topics:
Detachment with A1 form in Romania - procedure for A1 in Romania
Employee’s mobility is on many employers’ agenda for a wide number of reasons, including limited qualified resources and entering new territories. The procedure for detachment in Romania is one of Europe’s difficult cases and basically Romania looses a lot of taxes by a central agency that is working with a procedure that is contra productive and against migration to other regions in Europe. But with a lot of effort you will obtain your A1 form as employee or independent worker – PFA. We hope that the government will simplify the application to obtain European standards (e.g.
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How to create a Romanian company in Romania
More info: frjacobs@telenet.be
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.
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