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Romanian Employers To Declare, Pay Social Security Contributions For Copyright Income – Draft
Romanian employers will have to withhold, declare and calculate the pension insurance contribution and the contribution to the unemployment fund for their employees’ income from copyright, according to a draft government emergency ordinance.
14 viewsRomanian Employers To Declare, Pay Social Security Contributions For Copyright Income – Draft
Thus, companies will be obliged to submit monthly, until the 25th of the month following that in which the income for freelance activities was paid, a statement regarding the nominal registration of people who gain income from freelance activities, other than salary income.
The ordinance also says that companies are obliged to declare, calculate, withhold and pay individual social contributions only for pension and unemployment insurance, not for health insurance.
The application norms of Government Emergency Ordinance 58/2010, amending the law on the Fiscal Code, stipulated the payment of social security contributions by the beneficiaries of copyright income, which triggered long queues at the end of last month at the institutions receiving these statements.
Romania's Government approved on August 2 the application norms for recent amendments to the Fiscal Code, which extend the tax pool and introduce social security contributions for income gained from copyright.
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