VAT rates in Romania

Considering that the standard VAT is 19%, there are certain goods and services which benefit of a reduced tax rate, as follows:

The reduced VAT rate of 9% is applied to:

Micro-company tax rates

There are tax incentives for micro-companies if their maximum revenue in the previous year was EUR 0,5 million (Company Romania solution lets increase limit up to 1,5M euro yearly) The following tax rate applies to their income:

How does health insurance tax change?

Until 2023, if you were a resident of Romania and your yearly dividends was over 6.000 euro, you should have paid health insurance tax of 600 euro. Starting from 2023, this tax will have 3 brackets, instead of just one: at 3.000, 6.000 and 12.000 euro.

How does your tax on dividends change?

Once your Romanian company starts making profit, you can take out money from the corporation as dividends. Dividends can be paid once per year or once every 3 months.

What taxes will a SRL pay from 2023?

The SRL taxes will suffer 3 main changes: tax level, tax bracket and company activity for microenterprise.

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