RomaniaAccounting and Audit
A new taxation ordinance was introduced during late 1994 and technically came into force with effect from 1 January 1995. Although, the ordinance is applicable at this stage, it has not yet been ratified by the Parliament through a law and a number of changes have already been proposed. The information herein is based on the current provisions of the ordinance.
TAXES ON CORPORATE INCOME
All legal entities doing business in Romania are liable for payment of corporate income taxes. The normal corporate income tax rate is 38%. An additional rate of 6.2% is paid by foreign legal entities operating in Romania (branches).
For taxpayers for whom, during a fiscal year, agricultural revenues account for more than 80% of total revenues, the tax rate is 25%.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.
