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 […]
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 […]
Bitcoin tax regime in Romania – FAQ
We provide below answers to the most frequent questions about Bitcoin tax regime in Romania. The answers are drafted by the best tax consultants, specialized in the taxation of individuals and cryptocurrencies. They offer clarifications on the most commonly asked questions by our clients, such as: how must the taxable income from cryptocurrency transactions be determined?, […]
Using internship in Romania – basic rules that companies must observe
Many companies are using internship in Romania as a way of hiring temporary workforce, or are planning on using internship. This is a potential solution that’s part of their workforce restructuring plans in Romania, following the current economic conditions. Individuals lacking professional experience are also looking for entry or temporary jobs, where they can benefit […]
Tax registration of non-residents in Romania – practical aspects
Foreign companies or individuals, although not resident in Romania, can found themselves in the situation of having the obligation to register for Romanian tax purposes. In essence, the Romanian Tax Procedure Code includes in the scope of the obligation to register for Romanian tax purposes those non-residents involved in taxable transactions in Romania (essentially, we […]
What is the A1 certificate used for and how can we obtain it
In the article below, we explain the basic rules about the A1 certificate. The guide below answers important questions such as: “What is the A1 certificate useful for?”, “Why do I need to request an A1 social security certificate?”, “What are the most frequent situations where an A1 certificate should be obtained from the competent […]
Romanian tax residence explained in details
This article is the best guide on Romanian tax residence explained to expats moving to the country. Tax residence is a fundamental concept for anyone seeking to understand their fiscal obligations when moving to or doing business in Romania. Whether you are relocating for work, planning to stay only for a limited time, or are […]
Foreign nationals in Romania not complying with tax residency assessment subject to fine
A new fine is applied by ANAF for foreigners not complying with the tax residency assessment obligation. More exactly, foreign nationals in Romania who register a presence of more than 183 days within a period of 12 consecutive months will be imposed a fine by Romanian tax authorities, if they do not fulfill the mandatory […]
Romanian salary calculators
Use the Romanian salary calculators below to determine your payable taxes on salary in Romania Use the salary calculators below to estimate payroll taxes on different scenarios. Calculate the net or gross salary, contributions to social insurance, and determine the total salary cost. Our salary calculators are useful for both employers and employees, helping to […]