General
·
·
·
·
IT&C
· 0% income tax for employees working in IT&C companies, in compliance with the Romanian current legislation
R&D
The Romanian current legislation provides certain R&D incentives that are applicable for both employers and employees that exclusively perform R&D and innovation activities or related activities. R&D incentives in compliance with the Romanian legislation:
· 0% income tax for employees working in R&D companies
· 0% profit tax for the first 10 years of activity
· Specific deduction in case of R&D eligible expenses:
- accelerated depreciation of R&D equipment
- additional corporate tax deduction of 50% of the eligible expenditure for these activities
Industrial parks
Investors setting up manufacturing locations or offices in an industrial, scientific or technological park benefit from:
· exemption on land tax, building tax and urban planning tax
· exemption on taxes charged for changing the land destination for plots located within industrial parks
Support measures for employers & employees
Employers benefit from certain subsidies if hiring as follows:
· young graduates
· unemployed persons over 45 years or single parents supporting single-parent families, persons with disabilities or who are 5 years away from retirement
· NEETs
· young people at risk of social marginalization under solidarity contracts
· apprentices (with contracts)
· higher education graduates (with internship contracts)
· pupils and students during the holidays
In order to diminish the effects of SARS-CoV-2 coronavirus pandemia and to stimulate employment, the government has granted certain subsidies and support measures for both employers and employees.