Flat tax boosts average Romanian salaries
{{date|March 10, 2005}}
Romania's [[:w:flat tax|flat tax]] rate of 16% on personal income and corporate profits, which went into effect on January 1, 2005, has proved to have a positive effect on Romanian salaries, which increased by 5.2% in the January 2005 in comparison to December 2004. The effect is even larger when compared to January 2004, with net wages increasing by 25.3% and gross wages increasing by 18.8%.

In January 2005, the gross (pre-tax) average monthly salary was 9,514,658 [[:w:Romanian leu|lei]], while the net (after-tax) average monthly salary was 7,233,298, which is equal to roughly 200 [[:w:euro|euro]] or US$270.

Romania's flat tax system is one of the most liberal fiscal policies in Europe and was introduced in order to boost spending power and salaries, encourage foreign investment and greater consumer spending.

==References==

*{{source|url=http://daily-news.ro/article_detail.php?idarticle=7483 | title=  Flat tax boosts wages by 5.2% | author= Florin Cepraga |pub=Bucharest Daily News |date=March 10, 2005}}
*{{source|url=http://www.insse.ro/com_castig/a05/cs01r05.pdf | title=  Comunicat de presă privind câştigurile salariale în luna ianuarie 2005| author= |pub=National Institute of Statistics (Romania)|date=March 8, 2005}}

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[[Category:Romania]]
[[Category:Economy and business]]
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[[sv:2005/03/10: Enhetsskatt ökar löner i Rumänien]]
Romania's flat tax rate of 16% on personal income and corporate profits, which went into effect on January 1, 2005, has proved to have a positive effect on Romanian salaries, which increased by 5.2% in the January 2005 in comparison to December 2004. The effect is even larger when compared to January 2004, with net wages increasing by 25.3% and gross wages increasing by 18.8%.

In January 2005, the gross (pre-tax) average monthly salary was 9,514,658 lei, while the net (after-tax) average monthly salary was 7,233,298, which is equal to roughly 200 euro or US$270.

Romania's flat tax system is one of the most liberal fiscal policies in Europe and was introduced in order to boost spending power and salaries, encourage foreign investment and greater consumer spending.


sv:2005/03/10: Enhetsskatt ökar löner i Rumänien
Romania Economy and business Published