romanian accountants 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…

How to Find a Good Financial Advisor in Romania

Quality financial consulting will make the difference in the smooth running of a business in Romania. Experienced entrepreneurs know how important it is to benefit from the services of a financial advisor in Romania, and finding such an expert can sometimes be a real challenge. We invite you to discover in…

Taxes in Romania

For most entrepreneurs, the bookkeeping, the management, employment services and paying taxes in Romania represent an unpleasant an obligation these must handle in accordance with the legislation. 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.…

Double Tax Treaty Romania – South Africa

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

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

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…

Double Tax Treaty Romania – Bulgaria

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 Tax Treaty Romania – Australia

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…

Taxation for Micro-Enterprises in Romania

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,…

How to Become an Accountant in Romania

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…