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Highly Skilled Workforce:
Romania has a highly educated and skilled talent pool. The education system emphasizes science, technology, engineering, and mathematics, cultivating professionals in these fields. Additionally, many Romanians are proficient in English and other foreign languages, facilitating international business communication.
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Cost Competitiveness:
Compared to Western European countries, the labor costs in Romania are significantly lower. This enables companies to reduce production, operational, and labor costs while maintaining high skill and quality levels.
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Tax Incentives and Benefits:
The Romanian government provides various tax incentives and benefits to encourage foreign investment. This includes tax exemptions for companies operating in special economic zones, tax reductions for high-tech companies, and incentives for research and development investments.
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Strategic Geographic Location:
Romania's strategic location in Southeastern Europe provides convenience for accessing the EU and other regional markets. Good transportation and communication infrastructure promote trade and exchange with neighboring countries.
Tax Info
Enter Dynamic Page- General CIT Rate
- 16
- CIT Return Due Date
- If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by March 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the third month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters.
- CIT Payment Due Date
- The final payment of CIT is usually due on the 25th of the third month after the end of the company's fiscal year.
- CIT Estimated Payment Due Date
- Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters.
- Resident Withholding Tax (Dividend/Interest/Royalty)
- 16/NA/NA
- Non-Resident Withholding Tax (Dividend/Interest/Royalty)
- 16/16/16
- General VAT Rate
- 21
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 14.41%
- Composite Effective Marginal Tax Rate
- 6.41%
Administrative Regions
- AB - Alba
- AG - Arges
- AR - Arad County
- B - Bucharest
- BC - Bacău County
- BH - Bihor County
- BN - Bistrița-Năsăud County
- BR - Braila
- BT - Botoșani County
- BV - Brașov County
- BZ - Buzău County
- CJ - Cluj County
- CL - Călărași County
- CS - Caraș-Severin County
- CT - Constanța County
- CV - Covasna County
- DB - Dâmbovița County
- DJ - Dolj County
- GJ - Gorj County
- GL - Galați County
- GR - Giurgiu County
- HD - Hunedoara County
- HR - Harghita County
- IF - Ilfov County
- IL - Ialomița County
- IS - Iași County
- MH - Mehedinți County
- MM - Maramureș County
- MS - Mureș County
- NT - Neamț County
- OT - Olt County
- PH - Prahova County
- SB - Sibiu County
- SJ - Sălaj County
- SM - Satu Mare County
- SV - Suceava County
- TL - Tulcea County
- TM - Timiș County
- TR - Teleorman County
- VL - Vâlcea County
- VN - Vrancea County
- VS - Vaslui County
Belonging Jurisdiction
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EEA - European Economic Area
European Economic AreaLearn MoreEuropean Economic Area -
EEU - Eurasian Economic Union
Eurasian Economic UnionLearn MoreEurasian Economic Union -
RO - Romania
RomaniaLearn MoreRomania -
WORLD - Global
EarthLearn MoreEarth
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