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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 below in the infographic, or refer to our Tax Guideline for Romania for a more complex overview on the topic.
Special rate for gambling activities and nightclubs: 5% of the revenue, or 16% on the taxable profit.
Minimum 1% tax on turnover (adjusted with certain items) if the corporate income tax is lower than the minimum corporate tax, for taxpayers that recorded a turnover of at least EUR 50 million at the end of the year which elapsed.
9%** for water, food & beverage industry (save for certain
items specifically excluded by the law), medical treatments and prosthesis, hotel
accommodation, restaurant and catering services, provision of social housing under
certain conditions, entrance fees to sports events, castles, museums and cinemas
50% for payments made by Romanian companies into non-resident companies bank accounts that are open in countries that do not have an information exchange agreement concluded with Romania and only if such payments result from artificial transactions
16% for any other revenues from Romania
10%
0% for employees with disabilities, employees who work in research and development or Technological Development field, IT employees and employees who work in construction field, agriculture and the food industry, – up to 10,000 Lei gross per month, if certain conditions are met according to the law
41.5%
2.25%
Losses may be set off against the same types of income
Starting 2024, 70% of the tax losses may be carried forward over a period of 5 years
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
5% in case the building owner has not updated the taxable value of the building in the last 5 previous years
*A more detailed overview:
**A more detailed overview:
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