Employment and Payroll in Romania
Employment and Payroll in Romania
Effective management of your company’s payroll is critical to the success of your business.
Effective management of your company’s payroll is critical...
Payroll and HR administration
Staff need to be paid accurately and on time, while the correct taxes and social contributions also need to be paid to the authorities. Mistakes can have serious consequences, ranging from disgruntled employees, to unexpected tax demands. Yet payroll administration is a highly complex and time consuming activity, requiring extensive knowledge of tax and labour legislation, which in Romania can change frequently, often at short notice.
KPMG in Romania’s Payroll Services professionals are experts in the field, and can provide a wide range of services to help ease this burden for you, so you can concentrate on commercially productive activity. We offer Payroll Outsourcing, which means you hand over your entire payroll administration process to us. We prepare your monthly payroll statements, as well as calculating and paying salaries, tax and social contributions. Not only does payroll outsourcing save you time and resources, but also it can reduce risk, since we make it our business to be up to date with the latest legislative developments, as well as anticipating future change, where possible. This is why more and more companies on the Romanian market have seen the advantages of outsourcing their payroll function to KPMG.
As well as offering this ongoing service, we can also provide one-off assistance with aspects of the payroll process. For example, a Payroll Review will investigate whether salaries, income tax and social contributions have been calculated correctly, and whether payments have been made punctually. We can also give general advice on tax and social contributions, assist companies which are being audited by the tax authorities, as well as assessing potential tax risks, for example from benefits in kind or particular types of contract.
KPMG in Romania’s Payroll services can be provided independently, or as part of a wider package within our integrated People Services, an extensive range of services which help you develop.
Employment law
Due to the growth in the mobility of employees globally, as well as the impact of European legislation, employment relationships are changing rapidly. Our lawyers can help you to keep pace with these developments, using their experience and specialist knowledge of a wide range of specific issues related to employment law, with personalised services, adapted to the individual needs of our clients. Our international dimension brings added value to our local services which we offer our clients, whose businesses are increasingly complex. Our aim is to deliver work of a very high standard, which meets your deadlines and which is based on independence as well as a commitment to provide quality legal services which focus on the activities of the client. Our services include legal assistance with drafting individual and/or collective employment contracts, restructuring and redundancies, Human Resources policies and procedures, litigation, as well as assistance during audits carried out by the Labour Inspectorate or other authorities. Our employment law services are closely integrated with the broad range of assistance we can offer in relation to Human Resources issues (People Services).
Our integrated services are provided by KPMG professionals teaming up with specialized lawyers working for MMO SPRL (Mihăilă, Mihai, Olteanu), a Romanian law firm associated to KPMG Legal in Romania.
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