romaniatax

18 ms·

1.
by romaniatax 5y ago
All I can find on the topic is: https://taxsummaries.pwc.com/romania/individual/income-deter... . > The net capital gain is subject to income tax at the flat rate of 10%. The taxable amount is calculated based o
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by romaniatax 5y ago
Quite interesting - didn't consider going beyond the GDP per capita. > but here are a couple of rankings placing Vilnius above Bucharest [0][1][2][3] informative, thanks for this! > HDI dang, i didn't consider looking into H
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by romaniatax 5y ago
These taxes we are debating here apply mainly to "contractors". In Romania there are incentives for permanent tech employees as well, getting closer to the 40% mark - a bit higher. Non tech seems like it's taxed more on par w
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by romaniatax 5y ago
That's impressive! 120k is a medium level contract in the UK, at least for my background, so I am technically speaking ... cheap. In Romania, from what I gather, a director can mean a low level manager. Pretty soon the market will adju
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by romaniatax 5y ago
There are some scams too around OLX, but the quality is indeed way below what you find on imobiliare as you can see. One of the other reasons is that expats usually use the latter, thus you are more likely to find better communities. In my
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by romaniatax 5y ago
It is. Worth noting that I know no one among locals that are permanent employees to earn < 2500 EUR after tax. Pre-tax as a permanent that's 45-50k EUR a year (with some margin of error). That's for senior level devs with >
7.
by romaniatax 5y ago
No need to ask for a friend :P as in other countries mentioned here, VAT for intra community (or in my case non EU / UK) trade there is no VAT. You do have to register as a VAT company but since there is none you charge there is none t
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by romaniatax 5y ago
Well that's great but I decided not to massage my contracts to accommodate for an _even_ lower tax.
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by romaniatax 5y ago
If you like them then there is no issue, but usually i find them of lower quality. Not saying there aren't decent apartments, but anything <650/700 is not great IMO. Also the areas I mentioned look and feel like a different cou
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by romaniatax 5y ago
6202 is strictly for consulting services (ie. no programming). was advised by anaf and my accountant not to use it as it would be, basically, fraud (since i also write code not just "advice" - which is what the romanian tax system
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by romaniatax 5y ago
I can only speak about Bucharest as that's the area I know best. From what I see it has a slightly higher GDP per capita than Lithuania, and if you factor in the metro area, Bucharest has the same population as the country. "And i
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by romaniatax 5y ago
> I was under impression it was 1-3% profit tax + 5% dividend with an upper limit of 1 million euros? Or has that changed (again)? Correct, but on average mine works out around 7% and I have almost 0 company expenses as I don't part
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by romaniatax 5y ago
Hold on I am also in Romania and pay 7%. Are you classed as PFA Consultant? If so then there's no programming "allowed" else it's the wrong category. Which tax code are you using so I can switch?
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by romaniatax 5y ago
There is plenty of negativity surrounding east europe on HN so there is no need to remind people they won't get the same quality of life as in western europe, but it's not that bad. At least that's what i keep telling myself
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by romaniatax 5y ago
> Do not be under the illusion that Bulgaria is just like $western_european_country but with less taxes and cheaper housing. Everything comes at a price. You will not find many things you take for granted in your home country here. Techn
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by romaniatax 5y ago
While I am not so sure about Lithuania (lower GDP per capita than Bucharest, Bucharest being twice as developed as the rest of Romania, ibm, google, amazon, microsoft all having offices here with pay comparable to germany as a backup plan -
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by romaniatax 5y ago
Considering how tax money are being used in these countries, even 7% is too much. I don't mind taxes, but there's too much embezzlement so some dude in the parliament can buy lambos. An issue common to countries in the region, but
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by romaniatax 5y ago
Try Romania - lower taxes, see my previous comment, higher standard of living and there's a small but decent size italian community here.
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by romaniatax 5y ago
In Romania you pay 7% tax for an LTD (dividend + corporate tax) and for up to 100k turnover you pay <2% as a consultant registered as a PFA (sole trader), or 10% as a non consultant but software engineer as a PFA. The cost of living is a