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TAXATION IN ROMANIA







Some important facts about our country:





VAT RATES IN ROMANIA

Ordinary rate = 19%
Reduced rate = 9% (Restaurants, catering, drugs, museums, etc.)
Reduced rate = 5% (Hotel, eco food, traditional, real estate, etc.)

MICRO-BUSINESS TAXATION
Up to a collection of € 1,000,000.00 per year, the company incorporated in Romania is considered a micro-enterprise. Taxation on micro-enterprises is:

* 1% of turnover if the company has at least one full-time employee,
* 3% of turnover for companies that have no employees.

Once the amount of 1,000,000 euros / year has been exceeded, the Romanian company is no longer “micro” and passes to the normal regime of 16% of the net.

TAXES FOR INDIVIDUAL MEMBERS, OWNERS OF THE COMPANY:
Dividend tax is 5% on the company's quarterly / annual income.
Dividends can be collected in Romania on a quarterly or annual basis.
There are no other hidden fees other than 5% for natural person members.
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The Bucharest Accountants Firm is a network of professionals able to provide a wide range of tax and corporate services to Romanian companies.

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