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10 facts about taxation in Romania | Infographic

24 Feb 2021

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

35 %

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

Need tax services in Romania? See how we can help!

Get ready for the Romanian market with our free consultancy!

We have years of experience in supporting businesses to grow in Romania. If you are a well-established company we offer you a free consultancy, that includes:

  • Brief analysis of your needs based on the information provided
  • Country-specific aspects that may be important to your investment
  • Basics of local tax, accounting and legal rules in Romania
Access our expert's calendars directly to book your free 1 hour expert talk!

Value-added tax in Romania | eBook

Read more

Labour Law and Employment in Romania – 2021 Guide

Read more

2021 Salary calculator for Romania

Read more

The minimum gross salary in Romania has increased to RON 2 300 | News Flash

Read more

The main amendments to the Romanian Fiscal Code, starting from January 1, 2021 | News Flash

Read more

The main amendments to the Romanian Fiscal Procedure Code, starting from January 1, 2021 | News Flash

Read more

Companies can sustain their teleworking employees with monthly amounts up to RON 400 in Romania | News Flash

Read more

GEO 192/2020: New provisions regarding working from home or teleworking in Romania | News Flash

Read more

From 1.1.2021 the 5% VAT rate will also apply to more expensive homes in Romania | News Flash

Read more

The Intrastat value thresholds in Romania for 2021 will not change | News Flash

Read more

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About Accace

Originally established in Central and Eastern Europe in 2006, Accace ranks among the leading outsourcing and consultancy providers in the region. Engaging over 600 experts, we have vast experience with handling small to large scale, multi-country outsourcing projects and providing a comprehensive range of our services to over 2,000 customers.

About Accace Circle

Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience. Covering almost 40 jurisdictions with over 2,000 professionals, we support more than 10,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 170,000 pay slips globally.

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