On 8 November 2017, the Romanian government reportedly approved a draft Emergency Ordinance including a number of tax measures. The main measures include:
- A reduction in the general individual income tax rate from 16% to 10%;
- A reduction in the overall social security contribution rate from 39.25% of gross salary to 37.25% along with a shift in the contribution burden, with employees subject to a 35% contribution rate on their gross salary and employers subject to a 2.25% rate on total gross…