Several economic operators have asked the Ministry of Finance, during a meeting, to return to regulations regarding the accounting records and the distribution method of tips.
The previous legislation regarding tips, repealed in 2015 shortly after its introduction, required tips to be highlighted in the accounting records, but also gave companies the possibility to keep these amounts if they wished.
The Ministry announced that there is no project or draft project regarding the taxation of tips at this time. At the same time, the Ministry of Finance emphasizes that the fiscal regime for amounts received as tips by individuals is already regulated, being considered income from other sources.
Source: Profit
Frequently Asked Questions
What are businesses asking regarding tip legislation?
They are requesting a return to rules allowing companies to keep tips and manage their distribution.
What was the 2015 tipping legislation?
It required accounting for tips but allowed firms to retain the funds, though it was quickly repealed.
How are tips currently taxed in Romania?
Tips are currently classified as “income from other sources” for individuals under existing fiscal regulations.