accountants in romania Archives - Romanian Accountants

Income Tax in Romania

16% represents the standard income tax rate in Romania for companies with activities in this country. The tax rate in Romania is relatively low compared to other European countries, but for more details on this topic, you can discuss it with one of our Romanian accountants. Our specialists can help…

Import Tax in Romania

Law

The import tax in Romania is set at 19% which represents the VAT on imported goods from the EU and outside the EU. There are also exceptions regarding this tax, and here the country of origin of the respective products is taken into account, for its application. In the following lines, you…

Taxation for Expats in Romania

Law

Foreign citizens and company owners need to understand Romania's tax system. We invite you to explore the taxation for expats in Romania and also discover the services provided by our Romanian accountants. Who is considered a tax resident in Romania? Citizens residing in Romania for at least 183 days in…

Withholding Taxes in Romania

Law

The withholding tax in Romania is 16% and is applied to various types of income. Romania taxpayers must comply with the rules in this case, and in order to better understand what this type of tax entails, it is advisable to talk to a specialist in the field. Our Romanian accountants are at your…

Capital Gains Tax in Romania

Law

According to a general definition capital gains tax or CGT is the type of tax that is imposed on profits generated from the sale of property, precious metals, bonds, and stocks. But it is important to note that not all countries impose such a tax. In Romania, capital gains tax is…

Income Tax in Romania

Law

16% represents the standard income tax rate in Romania for companies with activities in this country. The tax rate in Romania is relatively low compared to other European countries, but for more details on this topic, you can discuss it with one of our Romanian accountants. Our specialists can help international entrepreneurs register for…

Double Tax Treaty Romania – South Africa

Law

If you have decided for business in Romania as a citizen from South Africa, you should consider the provisions of the double tax treaty signed by the two states, and meant to help business persons avoid the double taxation of incomes. Whether you are a Romanian with companies in South Africa or a citizen from South…

New Tax Exemptions for Natural and Legal Persons

Law

Significant changes in the tax legislation have been recently adopted by the Romanian authorities. New tax exemptions for natural and legal persons are implemented since January 1st 2017. These tax exemptions are meant to make Romania a more attractive business investment location and provide further incentives for entrepreneurship. Detailed information about these tax exemptions can be provided to…

The Advantages of the Electronic Garnishment

Law

The Romanian Agency for Fiscal Administration (ANAF) has recently implemented the electronic garnishment system for communicating the enforcement documents to credit institutions by electronic means of remote transmission. The main advantage of the electronic garnishment system is that it eliminates deficiencies related to the delay in providing the bank account attachment in the event of discharging the tax…

How to Become an Accountant in Romania

Law

In Romania, the certification of a Romanian chartered accountant is administrated by the Body of Expert and Licensed Accountants of Romania (CECCAR). Our Bucharest accounting firm can provide you detailed information on CECCAR certification. Becoming an accountant in Romania In accordance with the Regulation on the Access to the Profession of Expert Accountant and…