Romania Social Security Contributions Among Highest In Europe

The Romanian authorities increased the taxation base by eliminating pension ceiling for employers and including the entire gross income of the employees, an official with Ernst&Young said.

The enlarged taxation base will have a positive impact on the revenues to the state budget, said Claudia Durus, Ernst&Young human capital expert.

As to the labor costs, Romania ranks somewhere in the middle of the European classification, Durus said.