Income from independent activities and unidentifiable sources

Income from independent activities

Applicability
⮚  For the earnings incurred in 2024, the social and health insurance contribution is capped at 60 gross minimum wages per country.

⮚  For net income from self-employment below 6 gross minimum wages, CASS is not due if the individual obtains income from annual salaries or income from other sources higher than 6 gross minimum wages.
⮚  The CASS related to self-employment income will be deductible for the income tax calculation.
⮚  CASS is also deducted from the basis for calculating the tax on income from sports activity contracts and is withheld at the time of payment of income, until the 25th of the month following that in which it was withheld.
⮚  For the annual net taxable income related to intellectual property rights, leases, or associations with legal entities, the taxpayers will calculate, withhold, and pay the CASS based on submitted declarations.
⮚  Starting with the revenues for 2024, the progressive ceilings of 6, 12, and 24 gross minimum wages per economy for the calculation of CASS are eliminated for PFA.
⮚  CASS is still owed at the existing ceilings of 6, 12, or 24 gross minimum wages per country for the following categories: intellectual property rights, association with a legal person, assignment of the use of goods, agricultural activities, forestry, and fish farming, investments, from another source.

Validity
⮚  These measures will be valid starting with the income earned in 2024.

Income from unidentifiable sources

⮚  Starting from July 1, 2024, income from the source, which has not been identified will be subject to income tax at the rate of 70% instead of 16% as of now.