The level of the mandatory social contributions will be diminished with 4,25%, respectively from 39,25% to 35%.
At the same date of 1 January 2018, it is also planed the reduction of the income tax from 16% to 10%. These contributions shall be payable by the employees, but the obligation of determining, detaining and paying these sums to the budget will still belong to the employer. In this respect, the amounts representing CAS and CASS, which currently are due by the employer in its own name will be taken over by the employee.
“This measure will ensure the employee the increase of the score taken into account in the determination of the pension and, implicitly, a higher pension”, has declared the Ministry of Public Finances through a press release.