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Taxes in Romania
Taxes in Romania
The introduction of the 16% flat rate tax as of 1 January 2005 has been a courageous step taken by the Romanian Government toward maintaining and even accelerating the economic growth rate recorded in Romania. The standard rate of income tax for Romanian companies is 16%, regardless of whether the company has foreign participation.
Non-resident companies that do not have an effective place of management in Romania are taxed in Romania at the standard rate of 16% on earnings derived from their operations in Romanian carried on through branches, permanent establishments or consortia entered into with Romanian partners.
Micro-enterprises pay 2% tax on turnover in 2007 (2,5% in 2008 and 3% in 2009)(turnover lower then 100.000 Euro pe annum)
ir. Freddy M.E. Jacobs
PBS Worldwide
frjacobs@pandora.be
0032478/331.799
WWW.PBSWORLDWIDE.COM
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