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ZF English

Still no official information on guidelines for taxation of professional incomes

20.07.2010, 21:09 6
The end of July is near, but companies that pay the people they work with based on royalty schemes and the liberal/independent professionals do not have any official information as to how social contributions will be levied on professional incomes. The Labour Ministry has finalised a draft of guidelines that regulate taxation of professional incomes other than salaries, which came into force on July 1 (article III of ordinance 58/2010), but fiscal consultants say they have yet to be consulted on the matter. According to consultants, the preliminary version of the enforcement guidelines is incomplete, leaving many aspects vague. There is also vagueness as far as health insurance contributions are concerned.

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