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Irina Marica
Senior News & Features Writer

Irina holds a BA in Journalism. Her hobbies include reading, dancing, photography and she is passionate about music (especially Icelandic music), writing and Japanese literature. In the past, she has worked as an editor for an indoor-circuit TV station and also collaborated with several newspapers. You can send her press releases or feedback on her articles by e-mailing [email protected]

Holiday vouchers will boost Romania's tourism sector

The Emergency Ordinance amending the Law on holiday vouchers, which was recently voted by the Chamber of Deputies, will bring extra annual revenues of EUR 400 million for the tourism sector in Romania, according to National Association of Travel Agencies (ANAT).

The total tourism revenues in Romania are estimated at some EUR 2.4 billion per year, according to official statistics, which means that holiday vouchers can bring a 16% increase to this sector.

According to the new law, Romanian companies can give holiday vouchers to their employees, who can use them only for holidays in Romania. The maximum value of the vouchers for each employee will be equal to six minimum gross wages, or about EUR 1,400.

“Their taxation will be similar to that of meal vouchers, much more favorable for employers than the tax on salaries. This will determine companies to give their employees holidays vouchers instead of holiday bonuses,” according to ANAT.

All holiday bonuses to be given in the public system starting January 1, 2016, will be through holiday vouchers. The employees will be free to choose the travel agencies and hotels where they want to use the vouchers. These will cover accommodation costs as well as meals and extra trips during the holidays.

The vouchers will be issued both on paper and electronically.

The Romanian President also has to sign the Emergency Ordinance before it becomes effective.

World Economic Forum: Romania, less competitive on tourism than its neighbors

Romanian PM: Government considers lowering the VAT for tourism

More tourists in Romania in the first four months

Irina Popescu, [email protected]

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Profile picture for user irina.popescu0
Irina Marica
Senior News & Features Writer

Irina holds a BA in Journalism. Her hobbies include reading, dancing, photography and she is passionate about music (especially Icelandic music), writing and Japanese literature. In the past, she has worked as an editor for an indoor-circuit TV station and also collaborated with several newspapers. You can send her press releases or feedback on her articles by e-mailing [email protected]

Holiday vouchers will boost Romania's tourism sector

The Emergency Ordinance amending the Law on holiday vouchers, which was recently voted by the Chamber of Deputies, will bring extra annual revenues of EUR 400 million for the tourism sector in Romania, according to National Association of Travel Agencies (ANAT).

The total tourism revenues in Romania are estimated at some EUR 2.4 billion per year, according to official statistics, which means that holiday vouchers can bring a 16% increase to this sector.

According to the new law, Romanian companies can give holiday vouchers to their employees, who can use them only for holidays in Romania. The maximum value of the vouchers for each employee will be equal to six minimum gross wages, or about EUR 1,400.

“Their taxation will be similar to that of meal vouchers, much more favorable for employers than the tax on salaries. This will determine companies to give their employees holidays vouchers instead of holiday bonuses,” according to ANAT.

All holiday bonuses to be given in the public system starting January 1, 2016, will be through holiday vouchers. The employees will be free to choose the travel agencies and hotels where they want to use the vouchers. These will cover accommodation costs as well as meals and extra trips during the holidays.

The vouchers will be issued both on paper and electronically.

The Romanian President also has to sign the Emergency Ordinance before it becomes effective.

World Economic Forum: Romania, less competitive on tourism than its neighbors

Romanian PM: Government considers lowering the VAT for tourism

More tourists in Romania in the first four months

Irina Popescu, [email protected]

Normal

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