Fiscal Changes in 2024 to Consider for You and Your Business!

• Meal Vouchers:
  • They are included in the monthly calculation base for CASS, so, in addition to the 10% income tax, a 10% health contribution is also owed, deducted from employees' income;
  • The value of meal vouchers increases to 40 RON starting from January 2024.

• Holiday Vouchers:
  • They are included in the monthly calculation base for CASS, so, in addition to the 10% income tax, a 10% health contribution is also owed, deducted from employees' income.

• Cultural Vouchers:
  • Limited to 210 RON/month/employee.
  • Limited to 420 RON/event/employee.
  • Falls within the 5% social expenses limit of the salary fund.

• Gifts for Employees:
  • Remain non-taxable within the limit of 300 RON/employee/employee's child.
  • Falls within the 5% social expenses limit of the salary fund.

• Subscription/Private Health Insurance:
  • Remains deductible up to 400 EURO/year/employee.

• Holiday Expense Reimbursement:
  • Not taxed if certain limits are met (33% of the monthly base salary, if no holiday vouchers are granted, and if the average gross salary is not exceeded).

• Workplace Transport Reimbursement:
  • Still not taxed.

• Gym Subscription Reimbursement:
  • Reduced to 100 EURO/year/employee (down from 400 EURO/employee/year in 2023).

• Accommodation/Rent Reimbursement:
  • Non-taxable up to 20% of the gross minimum wage in the country (minimum wage 3300 RON).

• Kindergarten/Nursery Expenses Reimbursement:
  • Possibility to grant up to 1500 RON/employee.
  • Falls within the deductible limit of 33% of the gross base monthly salary.

• Private Scholarship for School Child:
  • No longer deducted from the corporate income tax but limitedly deductible (up to 1500 RON/scholarship, falling within the 5% deductible social expenses cap).

• Pension Pillar 3:
  • The deductibility of the contribution remains unchanged (up to 400 EURO/year/employee).
  • Falls within the 5% social expenses limit of the salary fund.

• Special Situation Aid:
  • Falls within the deductible limit of 5% of the salary fund.

• Protective Equipment, Uniforms, Health and Safety Materials:
  • Remain non-taxable.

• Eliminated from 2024:
  • Telecommuting allowance is now fully taxed.