Romania Tax Tables 2020 - Tax Rates and Thresholds in Romania
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This page contains the tax table information used for the calculation of tax and payroll deductions in Romania in 2020. These tax tables are used for the tax and payroll calculators published on iCalculator™ RO, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Romania or would like to add to or suggest amendments to the information herein then please contact us.
2020 Tax Tables [Quick Links]
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Romania Personal Income Tax Tables in 2020
The Income tax rates and personal allowances in Romania are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Romania Tax Calculator 2020.
Romania Residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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10% | Flat rate on all taxable income |
Romania Non-residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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10% | Flat rate on all taxable income |
Romania Social Security Rates in 2020
In Romania, both employees and employers are required to make social security contributions, which fund various social welfare programs. These contributions are crucial for ensuring that individuals have access to essential services and support throughout different stages of their life and employment. Below is an overview of the types of social security contributions and what each element funds:
Romania Social Security in 2020: Rates for Employers and EmployeesSocial security category | Employee | Employer | Total |
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Social insurance contribution (pension) | 25% | 0% | 25% |
Health insurance contribution | 10% | 0% | 10% |
Labour insurance contribution | 0% | 2.25% | 2.25% |
Romania Social Security in 2020: Earnings Thresholds for Employers and EmployeesSocial security category | Employee | Employer |
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Min. | Max. | Min. | Max. |
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Social insurance contribution (pension) | n/a | n/a | n/a | n/a |
Health insurance contribution | n/a | n/a | n/a | n/a |
Labour insurance contribution | n/a | n/a | n/a | n/a |
1. Pension Contributions
Pension Contributions are made to finance the public pension system. This system provides retirement benefits to individuals who have reached retirement age, ensuring financial support for them in their later years.
2. Health Insurance Contributions
Health Insurance Contributions fund the public healthcare system. These contributions provide individuals with access to medical services, treatments, and healthcare facilities. It ensures that all contributing members have access to necessary healthcare services.
3. Unemployment Insurance Contributions
Unemployment Insurance Contributions are aimed at supporting individuals who are temporarily out of work. These funds are used to provide financial assistance to unemployed individuals, helping them to support themselves while they seek new employment.
4. Work Accident and Occupational Diseases Insurance Contributions
This type of contribution provides coverage for employees who suffer from work-related accidents or diseases. The funds are used to cover medical expenses, rehabilitation costs, and provide financial support during the recovery period.
5. Contributions for Sick Leave and Allowances
These contributions finance benefits for employees during periods of temporary incapacity due to illness or injury. It includes sick pay for short-term illnesses and more extended benefits for long-term health issues.
6. Maternity and Childcare Leave Contributions
Maternity and Childcare Leave Contributions provide financial support to parents during maternity leave and childcare leave. This ensures that parents can take necessary time off work for childbirth and childcare without losing their entire income.
Romania VAT Rates in Romania
VAT rates for Romania are reviewed annually, you can use the VAT Calculator to calculate VAT due in Romania or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Romania VAT RatesVAT Rate | VAT Description |
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0% | Zero Rated |
5% | Reduced Rate |
9% | Reduced Rate |
19% | Standard Rate |
Historic Tax Tables supported for Romania
The following tax tables are supported by iCalculator™ RO as part of the suite of free tax tools we provide for Romania.