Freelancing taxpayers will be allowed a lower deductibility,
of 20% instead of the previous 40% as of July 1, and will pay
individual social contributions calculated for an amount capped at
five average salaries, so that taxation will not be excessive, but
instead make everyone contribute to the pension and healthcare
system, said Finance Minister Sebastian Vladescu.
He added that many taxpayers were paid on a royalty basis
without having anything to do with creative work.
Vladescu provided an example whereby he explained that for the
maximum amount for which social contributions will be calculated,
10,000 RON, the taxpayer will pay an extra up to 1,600 RON. Those
who derive income from freelancing will only pay the individual
contributions as an employee does: 10.5% for pension, 5.5% for
healthcare and 0.5% for unemployment.
As a result of the deductibility cut to 20%, the tax on the
income derived from freelancing will go up from 10% to some
12.8%.
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