Decision No. 613/2013 for the amendment and completion of the Methodological Norms on the Fiscal Code, approved by Decision No. 44/2004

The Norms clarify the types of private pension schemes for which deductibility of expenses incurred by employers on behalf of employees is granted within the RON equivalent of 400 EUR per year for each employee.

Therefore, the deductibility threshold will apply both to contributions paid to optional pension funds and contributions paid to private pension schemes as defined by the Financial Supervisory Authority.

Similarly, the contributions to such private pension funds are deductible for salary income tax purposes. The deduction is allowed within the limit provided by law.

4 September 2013