ROMANIA
The minimum turnover tax (IMCA) applies, from 2024, to large companies with turnover exceeding €50 million, as a safety tax that is compared with the profit tax calculated in the usual way. The IMCA tax base starts from total revenues adjusted for certain non taxable components and for ...
Law no. 239/2025 introduces new rules for limited liability companies (SRL) and joint-stock companies (SA), especially for companies that distribute dividends, grant loans to shareholders/associates, or repay shareholder/associate loans. The new provisions mainly target companies in a fragile ...
Fiscal changes introduced in 2026 for local taxes: the special tax on high value assets, property tax, electric vehicles and locally established measures. Local taxes 2026: main fiscal changes The year 2026 brings significant changes in the area of local taxes, affecting both individuals and ...
Romania joined the European Union in 2007, has revised some of its standards and offers a comprehensive tax system compliant with the various EU directives in force. The corporate tax rate in force in 2016 is 16% (since January 1, 2005). For the time being, there is no additional tax such as ...
The profit tax rate (IS) is of 16%. Dividend distributions are taxed at a rate of 8%. It should be noted that, under double tax treaties signed with many European countries, this withholding may represent a tax credit imputable to the amount of tax owed by the shareholder or partner in his ...
Companies that have had an annual income of less than 500,000 EUR (equivalent to 2,500,000 RON) have the option of opting for the micro-enterprise tax regime in place of corporate tax (1) . The company can opt for the micro-company regime provided that: it achieves a turnover of less than ...
It's a real opportunity to incorporate a holding company in Romania by implementing an exemption regime for capital gains from financial transfer.
how to incorporate a company in Romania from memorandum of association to VAT registration
LPG Romania can act as a tax representative to foreign companies not established in Romania in the following with respect to the country's VAT administration : obligations to pay tax or to make claims In addition to corporate tax representation in Romania, it must be added ...
The corporate tax rate on profit is 16%. In Romania the withholding tax on dividends distributed to shareholders or partners is 16%. Thanks to Romania tax treaties preventing double taxation signed by Romania and the United States and many other countries, the tax withheld may be reduced and ...
Romanian companies who have a turnover of more than 10 million RON (about 2.3 million EUR) are required to:File their annual reports, management reports and audit reports with the Official Journal of Romania;publish an announcement confirming that the documents have been released in the Official ...
Romanian corporate taxes are paid:monthlyquarterlybiannuallyannuallyThe following summarizes the corporate taxes which are generally paid by companies here, without specifics as to amounts due:(i) the type of company(ii) the size of the company(iii) the sector of the company(iv) other features ...
Expertise
Précis de droit comptable et aspects fiscaux
April 2023, publication of the new edition of the Précis de Droit Comptable, by Denis Colin, manager of the Fiduciaire LPG