Fiscal

Taxation in Romania, although it knows, in principle, two forms of taxation for companies (on income and on profit), has created the comfort of local and foreign investors. Keeping the corporate profit tax at 16% in recent years and the microenterprise income tax at 3% increased the confidence of entrepreneurs and the results, on various levels, were not slow to appear.

Romania, apart from its favorable geographical positioning, labor force and cheap raw materials, continues to challenge investors from everywhere.

Moreover, the unemployment rate in Romania remains four percent below the European average of 11.5%, the most affected being young people, but the Fiscal Code, despite frequent changes, maintains a value added tax of 24%, with less than four percent above the average of other European countries.

From a fiscal point of view, Romanian legislation, although frequently amended, keeps some stable benchmarks in evolution, and the transformations imposed by the accession to the European Union are welcome in the current economic context. The mild fiscal environment in Romania, compared to the other European states, continues to place the country in the top on the map of countries favorable to investments, either in the form of a startup or in the form of corporate expansions.