Foreign legal entities seeking to establish tax residence in Romania based on a place of effective management must complete a questionnaire

The Romanian tax authorities have recently enacted legislative changes concerning advance pricing agreements (APAs), with the aim of enhancing the regulatory framework and supporting tax compliance.

Starting August 2019, companies are entitled to deduct a higher percentage of sponsorship expenses from their corporate income tax, i.e. 0.75%

A tax on windfall gains obtained by domestic gas producers as a result of deregulating the sale prices for domestic natural gas was introduced in 2013 by Government Ordinance No. 7/2013 (GO 7/2013), ...

On December 31, 2024, Emergency Ordinance no. 156/2024 was published in the Official Gazette, bringing notable changes to Romania's fiscal framework for 2025.

It is an inevitable fact that a wide range of companies will face difficult financial times as a result of the current crisis. This is where we, Eurofast, can step in with tailor-made solutions.

February 2026 – At the beginning of 2026, we informed you about a significant tax reform enacted by the Romanian legislature...

As described in our previous newsletter in September 2024, profit taxpayers and microenterprise income tax taxpayers in Romania benefit from a 3% discount of their annual profit/income...

Romania recently implemented the EU Directive in its tax legislation.

After being approved and then rejected by the President, Romania this week finally achieved cross-party agreement on the extent of VAT cuts; it will drop to 20% from next year, and to 19% from 2017.

Project Iceberg, launched at the beginning of this year by the Romanian tax authorities, is a giant nationwide operation to be implemented throughout 2019.

The reverse charge mechanism is a means by which, in certain circumstances, the liability to charge VAT on a particular transaction shifts from the supplier to the beneficiary. In most of the cases, this liability arises at the same time as the beneficiary’s right to claim input VAT credit for the same amount of VAT.

On 1 January 2014, the Romanian Government introduced a new property tax, namely a tax on constructions.

The Romanian fiscal legislation governing microenterprise income taxation has witnessed significant amendments with the enactment of GEO no. 31 of 2024.

Unable to keep its budget deficit under control, Romania announced a comprehensive package of tax measures earlier this year aimed at ensuring the country's long-term financial sustainability.

A new year has begun, and the build-up of tax responsibilities and pressure has peaked and is now close...

From 1 October 2017, Romanian taxpayers registered for VAT purposes can choose to apply the VAT split payment system. It becomes mandatory as of January 2018.

Since the beginning of 2015, a number of legislative changes were enforced regarding the VAT registration of Romanian companies established in accordance with Company Law no. 31/1990.

Romania has introduced a new corporate income tax incentive allowing companies to claim an additional 50% deduction on expenses related to stock exchange listings. With the recent publication of Order 804/2026, the framework is now complete, covering consultancy fees, regulatory charges, market operator fees, and other substantiated costs incurred during the admission and first-year maintenance period.

On 30 December 2024, the Romanian government adopted Emergency Ordinance no. 156/2024 ("the GEO") regulating a series of important fiscal changes...