Romania
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Local taxes
Real estate taxes Tax on buildings for individuals: 0.1% of the taxable value of the building (increased by 5% for each 50 sqm for any surface area in excess of 150 sqm). Those who own more...
Personal income taxation
Standard rate: 16% Taxpayers Romanian tax residents are liable to Romanian tax on their worldwide income, whereas non-Romanian tax residents are liable to Romanian tax on their Romanian sour...
Direct taxes
Corporate taxation Standard rate: 16% Corporate taxpayers The following entities are subject to corporate tax in Romania: Romanian companies (defined as “any legal entity that has been estab...
Fiscal procedures / administration
Rulings: Non-binding rulings, advance tax rulings (ATRs) and advance pricing agreements (APAs) are available. Statute of limitations The statute of limitations period is 5 years, starting fr...
Forms of Business Organization
Individuals and legal entities may freely enter into partnerships and set up companies to develop business activities. According to the Company Law (Law 31/1990, as republished and subsequen...
General Information about Romania
Romania is a country of considerable natural beauty, with numerous attractions for the visitor. It has seen significant economic growth in the last two decades, spurred on by EU accession in...
Romania To Secure EUR4B Loan From IMF, EU
Romania plans to borrow EUR4 billion from the International Monetary Fund and the European Commission, the head of the IMF mission to Bucharest Andrea Schaechter said Wednesday.
Lafarge Cement Sales In Romania Down 15% In 1H/2013
Lafarge cement sales in Romania fell 15% in value in the first half of 2013, due to lower sales volumes, the French construction material producer said in its financial report Friday.
OPCOM Traded Value Almost Doubles In First Half
Romania’s OPCOM power exchange saw more than EUR650 million worth of electricity traded in the first half, 85% more than in the same time of last year. The amount of power sold and bought wa...