Targeting both established business owners but also future entrepreneurs, our summary of 10 facts about taxation is an essential overview of the Romanian tax system. Find out more bellow in the infographic, or refer to our Tax Guideline for Romania for a more complex overview on the topic.
CIT
16%
Special rate for gambling activities and nightclubs
- 5% of the revenue, or
- 16% of the taxable profit
MICRO-ENTERPRISE TAX RATES
1%
For micro-enterprises with at least one employee
3%
For micro-enterprises with no employees
WITHHOLDING TAX
5%
For revenues obtained from dividends
10%
For revenues from interest, royalties, commissions, sportive activities and entertainment, management or consulting services, services provided in Romania, excluding international transport, independent professions conducted in Romania, from awards, liquidation of a resident and from the transfer of the fiduciary patrimonial mass
50%
For payments made by a Romanian company to non-resident company bank accounts, as a result of artificial transactions
16%
For any other revenues from Romania
STANDARD VAT
19%
REDUCED VAT
5%
For supplies of social housing under certain conditions and to school books, newspapers, magazines, admission fees to castles, museums, sport events, cinemas, etc.
9%
For water supply services, food & beverage industry, medical treatments and prosthesis etc.
PIT
10%
0% for IT specialists, employees with disabilities and employees who work in research and development or Technological Development field, under certain conditions
SOCIAL SECURITY AND HEALTH INSURANCE CONTRIBUTIONS – EMPLOYEE
45%
SOCIAL SECURITY AND HEALTH INSURANCE CONTRIBUTIONS – EMPLOYER
2.25%
TAX LOSSES
Losses may be set off against the same types of income
Losses that cannot be set off may be carried forward
7 years
Carry-forward period
TAX FOR COMPANY-OWED BUILDINGS
0.08% – 0.2%
Of the buildings´ tax value for residential buildings
0.2% – 1.3%
Of the buildings´ tax value for non-residential buildings
