Taxation of foreign pension in Romania – detailed explanations
Taxation of foreign pensions in Romania is a topic that attracts significant interest among expatriates and foreign nationals receiving retirement income from abroad. As Romania becomes an increasingly popular destination for retirees from around the world, understanding the local tax implications of foreign pension income is essential. Actually, we’ve been addressed this question by our […]
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 […]
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, […]
New regime for rent taxation in 2024 – key things to consider for filing your return
The year 2024 brought 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 […]
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 […]
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 […]
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 […]
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 […]
How to open an online tax account with ANAF
Both individuals and companies can open an online tax account with ANAF, in the Virtual Private Space (in Romanian: “Spațiul Privat Virtual” – SPV), a platform made available by the Romanian tax authorities. The online platform makes it possible for taxpayers to communicate with ANAF online, to file tax returns online, or obtain certain necessary […]
How to get Romanian health insurance if you’re not paying it mandatorily
Are you living in Romania and would like to get Romanian health insurance, so you can benefit of medical care in all public hospitals and clinics? Would you also like to make sure you won’t have any potential issues with the immigration authorities, and start paying the Romanian health insurance as soon as possible? Even […]
Romanian employee or freelancer – how is it better to work in 2023?
As of January 1st, 2023, will it be more convenient to work as a Romanian employee or freelancer, given the latest changes in the tax law? This is a question asked by a lot of people lately, so we decided to write an article that can shed light on this topic. This can be useful […]