Rental income taxation in Romania – practical guidance
Looking for best advice on rental income taxation in Romania? Are you trying to get some tips on efficient reporting of your rental income in Romania, and still can’t get it? In this article, our team of tax consultants provides best practical tips for rental income reporting in Romania, so you can apply the most […]
Do I have to file a tax return in Romania? How to determine this obligation
When it comes to the obligation to file a tax return in Romania, our tax system makes no exception from those of other countries. Everyone would agree that preparing and filing a tax return is not an easy job in any country. But this gets a lot more complicated when you are a foreign individual […]
Managing a microenterprise company in Romania – useful guide
If you have just set up a microenterprise company in Romania or intend to do so in the future, you would surely want to know how such type of Romanian company works. It is very important to understand what your tax obligations are, as shareholder or representative of such company, what is the level of […]
Cryptocurrency taxation in Romania, how is it regulated in tax law?
Are you looking to understand how cryptocurrency taxation in Romania works? Are you making money from investments in cryptocurrency and don’t know how to fulfil your tax reporting obligations? Cryptocurrency has emerged as a significant player in the global financial market, and Romania is no exception. With the increasing popularity of digital currencies like Bitcoin, […]
Navigating company car tax rules in Romania – the ultimate guide
The question regarding the company car tax rules is very frequently raised among Romanian employers. Especially those who allow employees to use company cars not only for work-related tasks, but also for personal purposes. In such cases, the tax treatment applied to the use of the company car and related expenses is different from that […]
New regime for rent taxation in 2024 – key things to consider for filing your return
The year 2024 bought significant changes to the rent taxation system in Romania. Understanding these new regulations is crucial for property owners to ensure they apply the correct tax treatment to rental income generated in 2024 and fulfil their annual tax return preparation and filing as per the new regulations. This article outlines the key […]
Taxation of property sale in Romania – how does it work in practice?
Navigating the taxation of property sale in Romania can be a complex endeavor, especially for those unfamiliar with the local legal and fiscal landscape. Understanding how this process works in practice is essential for both buyers and sellers of real estate. This helps them ensure tax compliance and optimize financial outcomes. The prices of apartments […]
Romanian taxes on dividends in 2024 – explained in details
(+40)749805735 contact@rotaxiq.com Contact us The Romanian tax treatment of income obtained from dividends has been the subject of several changes over time. These changes were enacted into the Romanian Tax Code by successive Romanian governments. The latest and most important of them was the increase of the tax rate from 5% to 8% as of […]
Why it is important to file the annual tax return in advance to avoid “technical issues”
There is little time left until the legal deadline to file the annual tax return and pay the related taxes – but we advise you to submit it in advance, and not to leave it until the last days before the deadline. Why? Because the experience of the past years has shown us clearly enough […]
An expat tax guide for Romania – navigate the complexities of taxes
This is an essential expat tax guide which is very useful to those moving to Romania, and who need to demystify the tax reporting obligations applying for different types of income. We know that moving to another country brings with it a multitude of adventures and challenges. One of them is for sure navigating the […]
Dividend tax reporting in Romania – how it works in 2024
As we start to navigate through 2024, understanding the intricate details of dividend tax reporting in Romania becomes crucial for both companies and individual shareholders. This article explains the essentials of Romanian dividend taxation, spotlighting the critical changes and ongoing requirements that shape the current framework. Understanding dividends in Romanian law Dividends in Romania are […]
Microenterprise tax regime – changes as of 1 January 2024
The start of 2024 has brought significant tax law changes in Romania, impacting the microenterprise tax regime. These changes significantly reshaped the taxation landscape for small and medium-sized enterprises (SMEs). As the Romanian government seeks to refine fiscal policies to create a more equitable and robust economic environment, these amendments demand attention and adaptation from […]
Decoding the Romanian dividend taxation for 2024
The Romanian dividend taxation rules have evolved over the years. Continuing from 2023, the dividend tax rate continues to remain at 8%, in spite of many proposals of government officials for its increase. This rate is a key component of the Romanian Tax Code and reflects the current Romanian government’s tax policies. 2024 tax obligations […]
Consulting a Romanian tax expert: when and why you should do It
Moving to a new country brings its set of challenges, and understanding the tax system is often one of the most daunting tasks. For those who have moved or are planning to move to Romania, grappling with the local tax regulations can be a complex affair. This complexity arises not just from the laws themselves, […]
When can a new Romanian company pay dividends?
When starting a business in Romania, a common question among new entrepreneurs is “when can a new Romanian company pay dividends?”. It is understandable for entrepreneurs to want to know how quickly they can withdraw money from their company’s profits in the form of dividends. Shareholders want to get company profits into their pockets as […]