Taxes in Romania
Romania is an EU member state located in the South-Eastern part of Europe. The country's population is 19 people. The capital is the city of Bucharest, which is one of the most beautiful in all of Europe.
The agricultural sector, sheep and pig farming, is actively developing in Romania. The second important component is the country’s raw material base, which allows the extraction of oil, iron ore, and gold.
The Romanian economy has been developing steadily over the past few years, creating not only favorable social conditions, but also offering promising opportunities for growth and development to the business sector.
In addition to the economic factor, for the prosperity of commercial activity in Romania, the most favorable tax base is created, which is accessible, transparent and understandable. Romanian tax system and local needs of the population provide the basis for the development of such areas as:
- IT technologies;
- mechanical engineering;
- Agriculture;
- creative startups;
- textile production;
- educational funds.
If you decide to register a company in Romania in order to conduct a successful business, then the E-COMMERCE BROKER Company will be happy to assist you with this.
We have developed a sufficient knowledge base and practical experience in working with European jurisdictions, so we will register your commercial activity in this country in a short time and in accordance with current laws.
Main types of taxes for legal entities
The most popular form of business in Romania is the Limited Liability Company (SRL). The state tax system has kept rates for some types of taxes at the same level for several years, which guarantees stability for newly opened commercial organizations. And some fees have even decreased in recent years.
Romania has double tax treaties with 80 countries around the world. Basic taxes in Romania are represented by the following types:
- Income tax for legal entities is represented by a rate of 16%. Taxation is subject to profit expressed by the difference between revenue and expenses spent on commercial activities.
For small organizations whose annual income is up to 100 Euros and the number of hired personnel is no more than 000 people, the tax rate is reduced to 9%. For companies operating in the gambling business, sports organizations and nightclubs, a rate of 3% is provided.
- VAT is the standard rate of 19%. There are a number of goods and services for which the percentage is reduced to 9%:
- hotel services;
- delivery services for books, prostheses, orthopedics, medicines;
- some food products;
- payment for visiting museums, zoos, exhibitions.
- Excise taxes.
Goods produced both on the territory of Romania and abroad are subject to excise duty, which is paid to the state budget:
- alcohol (beer, wine);
- ethanol;
- tobacco;
- mineral fuel.
Professional assistance from the E-COMMERCE BROKER Company
Company registration in Romania It won’t take much time and effort if you turn to real professionals - specialists from the E-COMMERCE BROKER Company.
We offer to use the service of opening a commercial line remotely - you transfer to us the right (power of attorney) to represent your interests in the state, and we, in turn, carry out all the necessary registration and organizational procedures for you. This will only take a few days.
If necessary we get любые licenses for conduct business and open an EU bank account. For any questions that arise, our employees will provide a free consultation; just leave a request on our website and wait for a call from a specialist.
