In Romania, individuals have the opportunity to establish PFA-type businesses and individual enterprises, both of which are subject to specific taxation systems. If you are considering starting such a venture, we highly recommend taking advantage of the services provided by our team of knowledgeable Romanian accountants. Our dedicated specialists possess comprehensive expertise regarding the intricacies of the self-employed tax system in Romania. This enables them to assist you not only with understanding the requirements but also with the registration process with relevant state institutions.
By consulting with our accounting professionals, you can ensure that your obligations regarding self-employed tax in Romania are managed effectively and efficiently.
The charging system for sole traders is different from the one imposed on Romanian companies. Here’s what it means:
CAEN stands for “Clasificarea Activitatilor din Economia Naționala” (Classification of Economic Activities in Romania). It is a system used to classify and categorize economic activities in Romania. The CAEN code is a numerical code assigned to each specific economic activity. This code is used for various administrative purposes, including business registration, statistical analysis, taxation, and other regulatory purposes. It helps classify businesses and activities into specific sectors and sub-sectors, making it easier for authorities and organizations to identify and categorize economic activities.
We remind you that our accountants in Romania can offer you specialized help if you want to set up a sole trader. We can take care of the formalities related to the registration for the payment of taxes.
Pension and health contributions are other things to consider for a PFA. The taxes are calculated according to the total annual income if it exceeds the minimum annual salary for one year. Here are the contributions to be paid:
You can find out more about the self-employed tax in Romania if you talk to our accountants in Romania.
The Single Declaration offered by ANAF is the necessary document for the calculation of the taxes to be paid. A sole trader must complete this statement for the previous year and must submit it by May 25 of the current year.
Our accountants in Romania recommend paying taxes annually, to avoid penalties or payments for several years. But to have a clear record of the taxes you have to pay; we advise you to collaborate with our accounting experts. You can discuss more about self-employed tax in Romania with us.
Individuals who register income from intellectual property rights, self-employment, or association with legal entities must pay health and pension contributions. It is also valid for those with incomes obtained from investments or the transfer of the use of goods. Registration in the social health insurance system can be done with the help of our Romanian accountants. We have experience in self-employed tax in Romania matters.
Our accountants in Romania can provide valuable assistance to sole traders in several ways, for instance:
Our accountants play a vital role in helping sole traders manage their financial affairs, ensuring compliance with regulations, providing financial insights, and enabling informed decision-making. We are a team with experience in the field of taxation and we can offer advice for self-employed tax for individuals in Romania. Our clients can rely on professionalism, efficiency, and transparency when working with us. As legislation is constantly changing, it is important to have an accountant with you to keep you up to date with legislative developments. This way you have the guarantee that sole trader in Romania aligns with the tax rules in this country.
In Romania, sole traders, also known as sole proprietors or individual entrepreneurs, are subject to certain tax benefits. Here are some of the common tax incentives available for sole traders in Romania:
It is important to note that tax laws and regulations can change, so it is advisable to consult with our tax advisor in Romania for up-to-date information.
We invite you to contact our accounting firm in Romania and find out all the details about the self-employed tax for persons in Romania.