VAT rates in Romania
Submitted by webmaster on Fri, 02/10/2023 - 16:39.Considering that the standard VAT is 19%, there are certain goods and services which benefit of a reduced tax rate, as follows:
The reduced VAT rate of 9% is applied to:
Micro-company tax rates
Submitted by webmaster on Fri, 02/10/2023 - 16:38.There are tax incentives for micro-companies if their maximum revenue in the previous year was EUR 0,5 million (Company Romania solution lets increase limit up to 1,5M euro yearly) The following tax rate applies to their income:
How does health insurance tax change?
Submitted by webmaster on Fri, 02/10/2023 - 16:36.Until 2023, if you were a resident of Romania and your yearly dividends was over 6.000 euro, you should have paid health insurance tax of 600 euro. Starting from 2023, this tax will have 3 brackets, instead of just one: at 3.000, 6.000 and 12.000 euro.
How does your tax on dividends change?
Submitted by webmaster on Fri, 02/10/2023 - 16:36.Once your Romanian company starts making profit, you can take out money from the corporation as dividends. Dividends can be paid once per year or once every 3 months.
What taxes will a SRL pay from 2023?
Submitted by webmaster on Fri, 02/10/2023 - 16:35.The SRL taxes will suffer 3 main changes: tax level, tax bracket and company activity for microenterprise.
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