Romanian Tax Laws

Updated April 2016

The relevant Romanian tax laws are:

• Fiscal Code approved by Law no. 227/2015 ("Fiscal Code")
• Fiscal Procedure Code, approved by Law no. 207/2015
• Order no. 222 of 2008 of the President of the National Agency for Tax Administration regarding the Transfer Pricing Documentation ("Order no. 222")
• OECD Transfer Pricing Guidelines

Corporate profit tax

Applicability

The revenues of the following entities are subject to corporate profit tax:

1. companies tax resident in Romania;
2. foreign companies doing business in Romania through permanent establishments;
3. foreign companies which obtain revenues from or in connection with real estate transactions or from share transactions in Romanian companies;