All companies with private capital  that earned up to 500,000 euros in revenue in 2016 are required to change their tax system by becoming a taxpayer on microfinance income. Basically, no private company with income under this ceiling can not  pay a 16%  tax rate, but is forced to apply the tax regime for micro-enterprises. The only companies that escape this obligation are those with social capital of at least 45,000 lei, who can choose which tax system they apply (micro or profit tax).

The procedure regarding the exemption from income tax for IT employees was modified by Order of the Ministry of Finance no. 835/2015 which replaces the old legal framework (MFP Order no. 1479/2013 – repealed). The new regulations stipulate that the employees in this sector may be exempt from income tax only if they occupy certain positions, as defined by the law.

Starting July 30, the alumni working in this sector must be in one of the eight functions, as defined in the Annex of the Order 835/2015:

“Roemenië is een arm land met een corrupte overheid en een bevolking van zigeuners die niet werken en daardoor stelen en bedelen”. 

Dat is het verkeerde beeld dat veel mensen van Roemenië hebben. De grootste schuld ligt bij de internationale media en de marketing van de Roemeense overheid.

More info: frjacobs@telenet.be

We are specialized in providing assistance and guidance related to international company formation in Romania, company registration in Romania and related services in Romania. We also assist with the management and administration of international companies, and provide company services that are designed to guide and support the daily business.