Tax Expectations 2024 Or Egg-Dance To Survive

A legislative project applicable as of January 2024 challenges the tax system in Romania. Its aftershocks seem to be tangible for businesses and individuals. First and foremost, the project targets at micro SRLs (Limited Liability Companies) which have a profitability of more than 30%, and combined with the fact that many of the companies exceed Ron 300,000/year in revenues, they will no longer be qualified as micro-enterprises, but will be taxed with a 16% profit tax instead.

Furthermore, the project states that an individual may have a single company with a MICRO tax system in which to hold shares of more than 25%. On top of it, the self-employed persons shall pay 10% CASS (Social Health Insurance Contribution) applied to the entire taxable income obtained. Thus => self-employed person + income from rents/investments/etc. – an amount is owed to the health insurance fund for the income from self-employed person + another amount to the health insurance fund