We encourage all foreign investors in Romania as well as their Romanian representatives to take part in our online survey regarding the the country’s business environment. The survey can be accessed here:

http://www.romanianlawoffice.com/survey.php

Answers to common questions

What is the new minimum Corporate Tax in Romania? If the total annual income was between 0 - 52.000 Lei, the minimum corporate tax is 2,200 Lei, while if income had exceeded 129,000,001 the minimum corporate tax is 43,000 Lei. These are the minimum and maximum limitations; other amounts are calculated depending on certain thresholds. Read more...

Is the 16% taxation on profit still in effect? Yes, however taxpayers paying profit tax below the minimum amount for the respective total income threshold are obliged to pay the minimum amount accordingly. Read more...

What are the new deductibility limitations imposed by the Romanian authorities? Expenses related to the functioning, maintenance and repair – excluding those related to fuel – of automobiles used by the persons in management and administration positions with the respective legal entity shall be deducted in a limited manner to 1 automobile per each person bearing such attributions. Read more...

Our website contains more information on how to: Incorporate a Romanian Company, Set up a Company Branch, Register a Romanian Micro-Company, Purchase Shares in a Romanian Company, Repatriate profits earned in Romania, Pay taxes for a Romanian Company, Avoid Double Taxation, Liability of Romanian Administrators (Directors), Hiring Romanian Personnel

Recent Articles

New Minimum Corporate Tax in Romania. Romanian authorities have decided upon establishing a minimum corporate tax, depending on the total income registered until the end of the last year. Read more...

New Deductibility Limitations. The The Government Urgent Ordinance no. 34/2009 has established new regulations in regards to deductibility of in the accounting of Romanian companies. Therefore expenses related to the functioning, maintenance and repair – excluding those related to fuel – of automobiles used by the persons in management and administration positions with the respective legal entity shall be deducted in a limited manner to 1 automobile per each person bearing such attributions. Read more...

News

 Enescu & Cuc Law Firm has initiated an online survey targeted at foreign investors and their representatives in Romania in order to discover the problems they encounter in the country’s business environment, accessible at www.RomanianLawOffice.com/survey. The results will be communicated to press institutions as well as to the authorities in an effort to create a better business environment.

 We encourage all foreign business people in the country to visit www.ExpatRomania.ro, a community website.

Contact Enescu & Cuc Law Firm: Phone/Fax: +40 21.232.14.99 or +40 21.232 14 88 Mobile: +(4)0744 156 374 Website: www.RomanianLawOffice.com