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» Areas - info & answers

REAL ESTATE

TAXATION

LEGISLATION

INVESTMENTS

RECRUITING

TRADING
Useful Links
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Chamber of Commerce

Romanian Trade Register Office                 

Property Abroad - Romanian Property

American Chamber of Commerce in Romania

British - Romanian Chamber of Commerce

Romania Business Travel Guide

A unique humanitarian project in Romania

Articles, Information and Links on Taxation in Romania
News: Order no. 1415 of the president of the Romanian National Agency for Fiscal Administration regarding the procedure for recording the contracts concluded between Romanian legal entities and foreign individuals or legal entities was published by the
Official Gazette no. 699/ 17.19.2007

The main provisions are:
The Romanian legal entities, receiving services provided by
a non-resident have the obligation to register those contracts
with the Romanian fiscal authorities (the obligation was already
provided by point 21 of the Norms to apply the Romanian Fiscal Code,
as per the modification entering into force starting from
01.01.2007;
The term to register the contracts is 15 days from the date
when the contract was signed or from the date of any
modification of the contract, using a form provided by the
present document ;
The fiscal authorities will organize the database of the
contracts.
 

Questions and Answers

Q: How much is VAT tax in Romania?

A: 19%.

Q: I want to start a business in Romania. How much is taxation?

A: Romania has a unique 16% tax of the reported profit.

Q: Is hiring an accountant necessary if starting a Romanian business?

A: Yes. Even if opening a Romanian company for limited purposes (such as buying real estate) you will have to consider hiring an accountant at least for semmestrial reports to the Tax Authority.

 

Links

Ionita, Enescu & Cuc - Taxation lawyers based in Bucharest, Romania

Accountants in Oradea - Accounting, auditing, financial evaluation company based in Oradea, Romania.

CECCAR Organization - The Body of Expert and Licensed Accountants of Romania

Ministry of Finance - Contains useful legislation (unfortunately only in Romanian)

Bucharest Accountants - Accountancy office based in Bucharest, Romania

Brasov Accountants - Accounting and Consulting Services in Brasov, Romania

Timisoara Accountants - Fiscal Consulting in Timisoara, Romania

 

 

 

 

 

 

 

 

 

 

 

 

» Recommended

Ionita, Enescu & Cuc

Law Firm in Bucharest, Romania: Commercial & Real Estate; Romanian company setup.

 
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Answers to common questions
Who can help me incorporate a company in Romania?

Does a Romanian company require a certain shareholder structure?

I want to purchase a property in Romania. What ways are there to find out if it's a good deal or not?

I want to start a new business in Romania. How can I find out more info on salaries and similar costs?

I am purchasing an off-plan apartment in Bucharest. What costs am I looking at?

I am looking to purchase Romanian land for future development. Any advice?

I need a Romanian address for my Romanian company. What costs am I looking at?

Is it possible to purchase property in Romania through a representative?

Can I open a bank account in Romania without being present in the country?

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