The introduction of SAF-T Romania brings about a significant change in tax reporting for non-resident taxpayers, with new compliance requirements set to go into effect in January 2025. The initial deadline for filing is February 28, 2025, and applies to all transactions made in January by VAT-registered non-resident companies. The Romanian tax authorities have granted a grace period until July 31, 2025, but failure to comply after this date may result in penalties of up to 1,000 EUR for late submissions.

Dividenduitkering in Roemenië vanaf 1 januari 2025

Ondernemers in Roemenië vragen zich vaak af wanneer ze dividenden kunnen uitkeren bij het starten van een nieuw bedrijf. Ze willen graag weten wanneer ze toegang krijgen tot de winst van hun bedrijf in de vorm van dividenden. Aandeelhouders willen zo snel mogelijk hun deel van de winst ontvangen.

Double taxation can be a significant concern for individuals and businesses operating in both Romania and Belgium. This issue arises when the same income is taxed in more than one jurisdiction, leading to an unfair financial burden on taxpayers. To avoid such situations and to promote cross-border trade and investment, Romania and Belgium have signed a Double Taxation Agreement (DTA) that aims to prevent income from being taxed twice — once in Romania and once in Belgium.

The B2B e-invoicing regime in Romania will be implemented in two phases in 2024, with new regulations and penalties being introduced through government emergency ordinance 115/2023. These changes include exemptions for simplified invoices, exports, non-resident counterparties, and B2C transactions. Furthermore, the grace period for fines has been extended until July 2024. This article will provide an in-depth look into Romania's e-invoicing regime, covering the launch phases, requirements, penalties, and the user guidance manual issued by the Ministry of Finance.

Have you decided to sell your business? Or are you looking at buying a business? If so, what’s involved in doing this?

Here we provide a our perspective on matters related to the sale or purchase of an owner-managed business.

What it is that you’re actually selling or buying? This may seem like an unnecessarily obvious question, but it must be answered thoroughly. The answer will define much of what’s contained in an agreement for the sale of a business.

Buying and selling “shares” in a business

GREENFIELD INVESTMENT IN ROMANIA

Developing countries tend to attract prospective companies with offers of tax breaks, or they could receive subsidies or other incentives to set up a green-field investment. While these concessions may result in lower corporate tax revenues for the foreign community in the short run, the economic benefits and the enhancement of local human capital can deliver positive returns for the host nation over the long term.

We can help you as a parent company to  creates a new operation in Romania from the ground up.

CIBR INTERNATIONAL’s company secretarial department provides clients with a full suite of cost-effective company secretarial services, ensuring our clients have peace of mind that they meet the legal and administrative requirements.

If you have an IT company in Romania, you can benefit from some general tax facilities, but you also have a special facility, specific to this area. Let's see what these facilities are and how we can benefit from them. For more info mail frjacobs@telenet.be

General facilities

Employers can benefit from budget subsidies, based on Emergency Ordinance no. 60/2018 for the modification and completion of some normative acts in the field of labor force.

Then, one of the reasons why it is good for a foreign citizen to open his company in Romania is the one related to the wages in our country, the average income in our country is 400 euros.

Any SRL registered in Romania is recognized throughout the European Union and can conduct business in the European community and beyond.