Get free access to
Our legislation updates make it easy for you to keep on top of the latest changes affecting your business. Receive our articles, opinions, tips, industry news, country profiles, regional overviews and studies, latest events and even more, directly into your mailbox.
Check out our Newsroom to see what is included!
We will send you only relevant information we consider may be of your interest and treat your personal data in compliance with our Privacy policy and GDPR statement.
Unable to subscribe? Try this page.
As Romania continues to align its tax system with EU directives and digital reporting standards, foreign companies must stay alert to a series of impactful legislative updates. From the introduction of a minimum turnover tax and e-invoicing mandates to SAF-T expansion and revised microenterprise rules, these fiscal changes in Romania are reshaping compliance requirements across all industries. This article highlights the most important updates effective from 2024 and 2025 – helping you prepare your business and stay one step ahead.
Effective January 1, 2024, companies with a turnover exceeding €50 million in the previous year are subject to a minimum turnover tax (also known as the minimum corporate income tax or IMCA). If the calculated profit tax is lower than the IMCA, the company must pay the IMCA. The IMCA is calculated as 1% of the adjusted turnover, considering specific deductions for investments and depreciation.
ICASapplies to Romanian legal entities that carry out activities in the oil and natural gas sectors corresponding to the specified NACE codes and foreign legal entities that, individually or in a form of association, deliver goods, provide services on the territory of Romania or deliver goods from the territory of Romania and carry out activities in the oil and natural gas sectors (regardless of whether they have a permanent establishment in Romania or not). ICAS applies for year 2025 and is determined quarterly, on a cumulative basis from the beginning of the fiscal year, by applying a 0.5% rate to the calculation base. Taxpayers applying ICAS are exempted from IMCA, so they will pay only CIT and ICAS.
Starting July 1, 2024, electronic invoicing through the national RO e-Invoice system became mandatory for all taxable persons established in Romania for transactions B2G and B2B that have place of supply in Romania. The system becomes mandatory also in the B2C relationship starting with January 1, 2025. Consequently, all taxable persons who issue invoices to consumers will have to report them in the RO e-Invoice system within 5 (five) calendar days from issuance, otherwise they will risk fines.
Individuals and legal entities owning residential properties in Romania valued over RON 2,500,000 or vehicles with a purchase value exceeding RON 375,000 are subject to a special tax of 0.3% on the amount exceeding these thresholds. This measure, effective from January 1, 2024, targets high-value assets to increase budget revenues.
The income threshold for microenterprises decreases from €500,000 to €250,000 as of January 1, 2025, and will further reduce to €100,000 starting January 1, 2026.
The previous restriction limiting consulting and management income to 20% of total revenue for microenterprises has been removed.
From July 1, 2025, taxable persons registered for VAT purposes have the obligation to submit the result of the verifications carried out on the differences communicated through the “Notification of RO e-VAT compliance”. Non-compliance with the obligations regarding the e-VAT system means contravention and fiscal risk indicator for the taxpayer.
The dividend tax rate increases from 8% to 10% for dividends distributed after January 1, 2025. This applies to both resident and non-resident shareholders, with certain exemptions for distributions within the EU under specific conditions
Starting January 1, 2025, the minimum wage increased to RON 4,050 gross. The increase will mean an increase of 9.46% compared to December 2024. The hourly rate will be RON 24.49/hour for a normal work schedule of 165,33 hours, on average, per month.
According to GEO 125/2024, changes have been made, starting with January 1, 2025, regarding the obligation of entities within the scope of authorization, regulation, supervision and control of the Financial Supervisory Authority to report information on life insurance and other financial products.
The thresholds defining micro, small, medium, and large entities have been updated to reflect inflation and economic changes. These changes affect audit requirements and the format of financial statements.
Read more in-depth about this change in our dedicated article.
From January 1, 2025, the D406 also becomes mandatory for small companies and non-resident companies that have a VAT registration number in Romania (e.g. taxpayers registered through direct registration, taxpayers registered through a tax representative, fixed establishments).
The Romanian government reintroduced a 0.5% tax on the value of certain constructions, effective January 1, 2025. This applies to assets not already subject to building taxes, with specific exemptions for public-use structures.
GEO no.107/2024 approves, among the measures to cancel some budgetary obligations, the granting of a 3% bonus, in 2025, to taxpayers for the timely payment of the corporate income tax (including the minimum tax), respectively the tax on the income of micro-enterprises.
With so many tax updates coming into force, having a reliable partner makes all the difference. At Accace, our local experts help you interpret, implement, and stay compliant with the latest fiscal changes in Romania, from corporate income tax and e-invoicing to SAF-T and microenterprise transitions. Whether you need hands-on support with filings, strategic tax planning, or full-scope representation, our tax advisory and compliance services in Romania are tailored to meet your business needs. Let us handle the complexity, so you can focus on growth.
About Accace
Accace is a proactive consultancy and outsourcing partner who bridges the gap between needs and solutions. Combining smart and streamlined technology with a holistic approach, we provide an all-round care to clients and consider their matters as our own. With over 800 experts and approximately 2,000 customers, we have vast experience with facilitating the smooth operation and growth of small to large-scale, global businesses.
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 and erase the borders of service delivery. Covering over 60 jurisdictions with more than 7,000 professionals, we support over 80,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 800,000 pay slips globally.
