In attention to the members of CREDIDAM

In attention to the members of CREDIDAM

As from the 01^st of July 2012, NEW REGULATIONS of the Fiscal Code have come into effect – regarding the contributions of holders of copyright to the social security budget (pensions – CAS) and to the health insurance budget (CASS)

1. As from the 01^st of July 2012, CREDIDAM is bound, according to the Fiscal Code, to withhold and to transfer to the State budget the following contributions from the remunerations of holders of copyright:

1. 10.5%, (for pension – CAS) from the amount representing 85% from the distributed gross remunerations;
2. 5.5% (for health – CASS) from the amount representing 85% from the distributed gross remunerations;

Tax base = gross remunerations less expense representing the SHARE of CREDIDAM for the performance of its activity.

For the cases exempted by the law, the natural person holders of copyright will submit at the headquarters of CREDIDAM (Romanian Center for Performers’ Rights Management) an affidavit pertaining to the quality of person exempted from the payment of contributions by withholding, as follows:

1. pensioner;
2. employee / unemployed;
3. civil servant;
4. proof of income of the type mentioned in annexes B1 and B2;
5. any their documents certifying the capacity of person exempted from the social security and health insurance withholdings in accordance with annexes B1 and B2;

1. Exceptions:

1. Health. The cases for which PROOF can be submitted for exemption from the application of withholdings for social health insurances (CASS) can be found here (health annex B1).
2. Pensions. The cases for which PROOF can be submitted for exemption from the application of withholdings for social securities (pensions – CAS)  can be found
   here (pensions annex B2).

WARNING!!!
In case the proof submitted by you at the headquarters of CREDIDAM is not adequate, CREDIDAM is bound to perform the respective withholdings from your rights and to transfer to the State budget the amounts thus withheld. For the holders of copyright whose pensions are greater than Lei 740, CREDIDAM is bound to withhold the contribution of 5.5% for health insurances.