Taxes

The ordinary rate of tax

The ordinary rate of tax on profits made by Romanian companies is 16%.

Most long term capital gains are taxed at the standard rate of corporation tax at 16%.

Representative offices are subject to a fixed tax of an amount equivalent to 4,000 euros.

In contrast, permanent representations (subsidiaries, factories, agencies, etc.) of foreign companies are subject to the standard rate of 16%.

Income tax

In general, the tax on income of individuals is now fixed rate: a single rate of 16% applies.

But individuals can benefit from a tax reduction.

Tax System

France and Romania are bound by a treaty to avoid double taxation.

Different VAT rates

Standard rate 19%.

Reduced 9% rate for certain activities (drugs, hotels, services, books, etc.)

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