June' 2016 | Archive | Blog
In Romania, the standard corporate tax is 16%, applicable to both Romanian businesses and to foreign enterprises functioning through a permanent establishment in the country. In case of the Romanian corporation registered as a subsidiary of a foreign company profits may be send home solely by way of dividend circulation, which, according to domestic law, is permitted only after the annual monetary reports are accepted by the stockholders.
The new Tax Code in Romania carries, along with its implementation on the 1st of January 2016, adjustments regarding the fiscal regime applicable to listed sole traders and to small businesses, raising questions about the selection of the best method to make the activities, from the fiscal viewpoint.
At the end of May, a new law which provides for several fiscal facilities for companies setting up business incubators was passed. Our Romanian accountants can provide you with more information about the conditions under which a company can set up a business incubator in this country.