Double taxation is when a person, natural or legal, pays income tax twice on the same source of income. This normally happens for persons who are working abroad or are engaged in international trade and is very burdensome for the tax payer. That is why in April 24, 2015, the double…
Double taxation occurs when the same income from the same source is taxed by two different countries. To prevent this from happening, in February 2, 2000, the double tax treaty between Australia and Romania was signed. The treaty was called The Agreement Between Australia and Romania for the Avoidance of Double Taxation…
According to the new changes to the Fiscal Code in Romania, micro-enterprises without employees are subject to the profit tax, as are consulting ones, starting with January 2023. Among the changes made is the elimination of the 3% income tax rate for this type of micro-enterprises that have no employees,…
The double tax treaty between Romania and Belgium settles the taxation rules for the income obtained by the economic agents in one of the two countries. Belgium applies the exemption with progression method which implies lower taxation amounts. Our Romanian accountants are ready to offer counsel regarding the double taxation treaty and all its related legal…
In November 2014, Romania signed a double tax treaty with Austria. This convention has as a goal to prevent tax evasion and to avoid the taxation of Austrian or Romanian companies in both countries. Moreover the treaty provides some tax reductions and some special taxation regulations for the participant states. Beneficiaries…
