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Romanian Govt Postpones Adoption Of Fiscal Code Norms For Next Week

Romania’s Government decided Wednesday to delay the adoption of the application norms for recent amendments to the Fiscal Code, which extend the tax pool, and submit them to public debate, with a view to adopting the norms on August 2.
Romanian Govt Postpones Adoption Of Fiscal Code Norms For Next Week
Paula Rusanu
28 iul. 2010, 18:40, English

„The norms have been discussed and it was decided to submit them to public debate, leaving the Government to adopt them later,” said Government spokeswoman Ioana Muntean.

She also said the Government will hold a meeting on Monday, August 2, to adopt the norms.

The amendments stipulate that people earning income from work for which contributions to the unemployment aid system are not currently mandatory shall be required to contribute to the social security and unemployment aid systems. Furthermore, people earning income through work which is subject to taxation contributing to the social security, healthcare and unemployment systems will also be required to contribute to the public pension system.

Individual contributions will not be required of people insured in other systems which are not integrated into the public pension system, nor of Romanian citizens working abroad.