Forced to tighten the belts to reduce the budget deficit and not leave the guidelines imposed by Brussels through the PNRR for receiving European funds, the Government adopted some fiscal measures that make IT experts laugh with one eye and cry with one eye. other
That’s because they woke up with a poisoned gift in their hands. On the one hand, a tax was introduced for incomes over 10,000 lei gross, but, at the same time, the contribution to the second level of pensions became optional starting from 2024 for the next five years.
- About 80% of workers in the IT industry will be affected by the removal of the facility for non-payment of income tax.
- From 2024 to 2028, contributions to pension level II (compulsory private pension) will be optional for IT workers.
- A calculation made by Deloitte shows that out of a gross salary of 14,000 lei, an IT worker will have 9,350 lei left after applying the new provisions, compared to the 9,100 lei he had until now. If he decided to pay the contribution to level II, he would have 8,840 lei left
- Pension fund administrators say there are actually almost a million Romanians who will have “guaranteed lower” pensions. The 200,000 employees in the IT industry are joined by around 750,000 workers in agriculture, food processing and construction, who are also optional in Tier II, over the next five years.
- Any forms of savings alternative to the state pension system are welcome, according to analysts, because the state will not be able to provide a decent pension. However, the decision to save for retirement is ultimately an individual one.
“It affects me, it affects everyone when they get less money,” says Marius (pseud*). He is a little over 40 years old, lives in Bucharest and, as far as we know, works as an IT specialist. The introduction of a 10% tax on IT professionals earning over 10,000 lei gross therefore also affects it and leaves it virtually without the tax relief that has been available to the industry since the early 2000s.
Only those with an income below 10,000 lei will still benefit from this exemption, but according to the Association of Employers in the Software and Services Industry (ANIS), more than 80% of employees exceed this limit.
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Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.