{"id":367,"date":"2023-08-10T10:43:30","date_gmt":"2023-08-10T10:43:30","guid":{"rendered":"https:\/\/romanian-accountants.com\/?p=367"},"modified":"2023-08-18T10:35:09","modified_gmt":"2023-08-18T10:35:09","slug":"taxes-in-romania","status":"publish","type":"post","link":"https:\/\/romanian-accountants.com\/taxes-in-romania\/","title":{"rendered":"Taxes in Romania"},"content":{"rendered":"\n

For most entrepreneurs, the bookkeeping, the management, employment services and\u00a0paying taxes in Romania<\/strong><\/a>\u00a0represent 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. We offer customized services and advice for the main taxes which must be paid in Romania.\u00a0Our\u00a0Romanian accountants<\/strong><\/a>\u00a0are at your disposal for tax compliance for your company and information about the\u00a0taxes in Romania<\/strong>. They can also help you with\u00a0audits in Romania<\/strong>, so feel free to address your inquiries to our team.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
 Quick Facts<\/th>\n <\/th>\n<\/tr>\n<\/thead>\n
Tax system in Romania  <\/td>\n Flat tax system for both corporate and personal income<\/td>\n<\/tr>\n
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 Personal income tax rate<\/p>\n<\/td>\n

 10%<\/td>\n<\/tr>\n
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Corporate income tax rate <\/p>\n<\/td>\n

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 16%<\/p>\n<\/td>\n<\/tr>\n

 Value-added tax (VAT) rate<\/td>\n 19% (standard rate), 5% (reduced rate) which applies to food, books, newspapers, and medical products.<\/td>\n<\/tr>\n
Labor insurance contribution by employers  <\/td>\n\n

 2.25%<\/p>\n<\/td>\n<\/tr>\n

Dividend tax rate <\/td>\n\n

 5%<\/p>\n<\/td>\n<\/tr>\n

 Capital gains taxes in Romania <\/td>\n\n

 10% for individuals, 16% for companies <\/p>\n<\/td>\n<\/tr>\n

Tax year <\/td>\n\n

 Calendar year<\/p>\n<\/td>\n<\/tr>\n

 Tax return filing deadline<\/td>\n\n

 May 25th following the tax year<\/p>\n<\/td>\n<\/tr>\n

 Tax payment deadline<\/td>\n March 25th, June 25th, September 25th, December 25th<\/td>\n<\/tr>\n
 Gross minimum wage in 2023<\/td>\n\n

 RON 3000 <\/p>\n<\/td>\n<\/tr>\n

 Property taxes in Romania <\/td>\n\n

 0.5% – 1.3% on non-residential buildings <\/p>\n<\/td>\n<\/tr>\n

Tax incentives for research and development <\/td>\n\n

 50% deduction of R&D expenses<\/p>\n<\/td>\n<\/tr>\n

Tax treaties <\/td>\n\n

 Over 80 double tax treaties signed<\/p>\n<\/td>\n<\/tr>\n

 Tax identification number (TIN)<\/td>\n Assigned by the National Agency for Fiscal Administration (ANAF)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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