Romania's social security contribution basis cap is abolished effective 1 February 2017. As such, employer contributions, which vary depending on the industry, must now be made based on total salary of employees. The previous basis cap was five times the average gross salary (RON 2,981 - 2016). This applied for the pension contribution component (15.8%, 20.8%, 25.8%, depending on working conditions). The cap was also to be introduced for the health insurance contribution component (5.2%) from…