Romania payroll service

denmark tax

Administering a Romanian payroll can be complicated, time-consuming and has risks in terms of time spent, compliance and unnecessarily incurred costs.

There are rules related to onshore and offshore work as well as specific rules in relation to work carried out by foreign employees. Although Romania follows EU legislation with respect to most taxation rules, there are differences that any employer should be aware of.

At Binks Overseas we provide a fully compliant, outsourced payroll service to recruitment companies and small businesses that work within Romanian territories and offshore, within the Austrian Continental Shelf.

We can administer monthly payroll, complete reporting to the Romanian tax authorities and act as agent for our clients where necessary.

In dealing with payroll taxes in Romania it is necessary to understand the employer responsibilities in relation to compliance and reporting requirements. Our all-inclusive service provides peace of mind to any employer and especially foreign employers operating in Romania.

All-inclusive Romanian payroll service:

• Monthly payroll processing
• Issuing of payslips in Romanian (and in English as a special request)
• Monthly reporting to the Romanian tax authorities
• Annual reporting of employer and employee payroll activity
• Compilation and distribution of employee annual tax statements
• Responding to payroll-related correspondence from the Romanian tax authorities (in Romanian where necessary)

Supplemental services available:

• Registration of client company as an employer in Romania (required to pay employees)
• Assistance with registration of employees for Romanian tax numbers
• Individual Romanian tax return service for employees
• A1 applications for employees where appropriate and applicable
• Advice and guidance on tax-related subjects for both the client and employees
• Translation services from Romanian to English

We are able to provide bespoke packages of services tailored to the needs of each client

Contact us for a consultation and to obtain a quotation.

Contractor payroll service
This payroll service is provided to individuals, recruitment companies and small businesses who wish to relinquish the responsibility of being an employer for work carried out in Romania or within Romanian territories.

In this case Binks Overseas becomes the employer and a sub-contractor to the client to provide the services of the individual contractor. This is attractive for the client as:

• The client company relinquishes employer responsibility for payroll processing and payment of taxes to the Romanian tax authority.
• The client saves administrative time and labour costs of administering a payroll in Romania.
• The client is not required to register as an employer in Romania as Binks Overseas is the employer and is registered as such.
• In some cases it is the individual contractor who pays the fees to Binks Overseas and so the client reduces further the costs of operating in Romania.

All that the client needs to provide is a sub-contract for each individual it wishes to work in Romania.

Please contact us for more details and a quotation.