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Articles - taxe si impozite

New property tax rules from 2023

Starting 2023, real estate taxation is changing radically. The main changes consist of increasing the tax rate, for both residential and non-residential buildings, and adjusting the rateable value to which these tax rates apply.

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Deloitte launches SmarTax app which automates companies’ corporate income tax compliance process

Deloitte Romania launches SmarTax application, a digital tool that allows companies to calculate and prepare the quarterly and annual corporate income tax (CIT) computation based on accounting documents available on any fixed or mobile device connected to the internet, thus digitizing their compliance process with corporate income tax reporting requirements. The application incorporates the entire fiscal legislation in force, while also remaining flexible to adjust to any future changes in the corporate tax area.

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Romanian Trade Registry cuts several taxes and tariffs for firms, sole traders and individual enterprises

The National Trade Registry Office (ONRC) eliminates starting February several taxes and tariffs for firms, sole traders PFA and individual enterprises as part of the bill scrapping 102 taxes, according to a release if the institution.

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Sale of properties under EUR 100,000 won’t be taxed anymore in Romania

The sale of houses and plots will be exempt from taxes if their value is up to RON 450,000 (EUR 100,000).

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Romania to exempt firms doing R&D from profit tax, to redefine tax regime for microenterprises

The government approved on Friday amendments to Romania’s Fiscal Code, changing the taxation regime for microenterprises and offering certain fiscal facilities for companies that are focusing on research & development (R&D) activities.

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Romanians pay fewer taxes starting January 1

Romanians will pay fewer taxes this year after a series of measures for loosening the tax policy became effective starting January 1. These include the VAT reduction, removal of the tax on special constructions, and removal of the extra excise duty on fuel.

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Tax exemption on reinvested profit comes into force on 1 January 2017

Tax exemption on reinvested profit on unlimited period comes into force on 1 January 2017, according to Government Ordinance (OG) No. 84, that is amending the Tax Code and the Tax Procedure Code, published in the Official Gazette.

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Romania’s Finance Ministry introduces new amendments to the fiscal code

Employees who receive shares in the companies they work for as extra benefits will no longer pay social contributions when they sell these shares, reports local Ziarul Financiar.

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