Changes in the fiscal and labour code from 1 january 2018

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We present some legislative news with impact in the field of labor law and tax law.

A.     CHANGES IN THE FISCAL CODE

Government Emergency Ordinance no. 79/2017 for amending and completing the Law no. 227/2015 regarding the Fiscal Code.

The new normative act includes several changes to the tax regime, among which:

Amendments to the conditions for application of income tax exemption to software engineers

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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.

Start-up nation Romania subventions

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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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