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Business Setup and Support in Romania TAX ADVICE IN ROMANIA

Mykola Sirenko

Lawyer

E-mail

sirenko@prikhodko.com.ua

Phone numbers

Expert in corporate and international corporate law. Has extensive experience in supporting the acquisition of financial licenses in Ukraine, as well as business incorporation in the EU, the United Kingdom, Switzerland, the UAE, and key Asian jurisdictions.

TAX ADVICE IN ROMANIA

ROMANIAN TAX ADVICE

What taxes do you need to pay in Romania?

Corporate income tax is 16%. Romania has the most attractive tax regime in the EU for small businesses – companies with a turnover of up to 1 million euros per year, namely: income tax of 1% of turnover for a company with one or more employees, 3% of turnover for a company that does not has employees.

VAT – 19% with the possibility of applying reduced rates of 9% and 5% for restaurant, tourism, medical and other types of business.

Tax on dividends for individuals is one of the lowest in Europe – 5%, including for non-residents. The obligation to register as a VAT payer arises when the threshold of 300,000 RON is exceeded, which is approximately equivalent to 62,000 euros.

Romanian tax residents are taxed on their worldwide income, however wages for work done abroad are not taxed. Non-residents pay tax on income from sources in Romania. The tax rate is 10%. Persons engaged in R&D (Research and Development) and software development may, under certain conditions, be exempt from paying tax.

Profits from the sale of property as a whole are taxed at the normal tax rate. Income from the sale of real estate is taxed at a rate of 3% (withheld by a notary).

Optimization of taxes (taxation) in Romania

The professional assistance of lawyers in Romania on taxes lies precisely in finding legal and legal mechanisms, thanks to which a business can pay less taxes.

Legal tax optimization solutions are our profile, which you can verify during a consultation with a tax lawyer. No law or regulation requires a person or business to pay more than they owe. We will help you save and save your money so that your business grows quickly and legally.

A tax lawyer (attorney) in Romania will advise you on choosing the best tax system for business in Romania

value added tax in Romania VAT
corporate income tax
personal income tax
social deduction from employees and others

Tax optimization / exit tax / tax planning (Romania)

Among the most common tax optimization mechanisms in Romania are:

creation of a group of companies, which includes funds in Luxembourg, Holland, Liechtenstein, Cyprus and other jurisdictions, depending on the profile of your business and its features.
expansion of your business to favorable tax residencies (Hong Kong, Singapore, Slovakia).
systems of refinancing of foreign assets.
use of offshore zones for business.

Representation in the tax authorities (tax representation) of Romania

Representation in the tax authorities of Romania from UC Prikhodko and partners is consulting, preparation of all necessary documentation, relations with the tax authorities of Romania and the EU on all issues that may arise in business.

What are the duties of a tax lawyer at Prikhodko & Partners:

Tax advice in Romania
Tax assessment in Romania
Preparation of tax documents in Romania
Tax office in Romania
Settlement of tax disputes in Romania

What is the cost of tax consultations in Romania? Leave your phone number and our specialists will contact you.

Is it mandatory to have a legal address in Romania?

Yes. During registration, you must provide a document confirming the right to use the premises at the address of the future registered office. For foreign owners, this can be a lease agreement or a legal address service.

Is it necessary to immediately register as a VAT payer?

Not always. The need for VAT registration depends on the planned turnover, type of activity, work with EU clients, imports or exports, and other specifics of the business model. Before launching, it is worth assessing the tax burden and choosing the optimal registration option.

Why shouldn't you just add all possible CAEN codes to the company?

Activity codes affect not only formal registration but also bank compliance, contracts, obtaining permits, and further business scaling. From 2025, the CAEN Rev. 3 classifier is applied in Romania, so the list of codes is better formed according to the actual sources of income and the planned work model.

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