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…
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…
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…
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…
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…
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…
Any individual possessing a building located in Romania owes an annual tax. This levy needs to be paid to the local budget of the corresponding region, city or municipality where the house is situated. Our accounting firm in Romania can help you with proper information and guidance in order for you to pay the right taxes for your belongings.…
The minimum wage in Romania is RON 3,000 per month and was increased by 17.6% at the beginning of 2023. This amount represents the minimum gross salary in Romania, guaranteed in payment, according to the Labor Code, Law no. 53/2003. In the following lines, you can find information about the minimum wage in…
For most entrepreneurs, the bookkeeping, the management, employment services and paying taxes in Romania represent an unpleasant obligation and a waste of time. For our experienced team this is the field in which they can excel in supporting partners to develop without care regarding bureaucracy, statements and fines. We offer customized services…
According to the Romanian Law, the certification of tax returns must be performed by a tax consultant who acquired a special status and is registered as an active member in the register of tax consultants and tax consulting firms. This decision is taken in accordance with the rules established by Ordinance no.…
