Is It Still Worth Doing Business in Romania? Here's An Overview Of The Tax System Starting With 2024

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Is It Still Worth Doing Business in Romania? Here's An Overview Of The Tax System Starting With 2024

Рет қаралды 1,502

Күн бұрын

We're facing higher taxes for entrepreneurs and freelancers alike! We've prepared a summary of the new fiscal changes and how they'll impact businesses. So, whether you already own a business or are thinking of starting one, here's how much you'll be paying starting from January 1, 2024, and what other tax aspects you need to watch out for to avoid fines from the Tax Authority.
What Are the Main Fiscal Changes and When Do They Apply?
The government has raised several taxes, but they didn't stop there with the fiscal revolution. Businesses in Romania, both sole proprietorships (PFA) and SMEs, will undergo a series of changes with short-term, medium-term, and long-term impacts. Let's see the main fiscal updates.
0:00 Intro
1:09 The Government dropped new taxes
2:29 The fiscal changes for PFAs
7:03 The fiscal changes for Microenterprises
9:12 Companies with tax on profit
10:30 The changes to tax facilities
12:15 Tax ceilings
16:55 What happens to VAT?
19:27 When do they apply?
22:17 The good news?
22:39 Is Romania still friendly with investors?
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MBV Tax Expert represents excellence in tax consulting, accounting, and accounting expertise, dedicated to optimizing your business. 👉 www.mbv-tax.ro
#romania #taxes2024 #business #company #companystart #taxes

Пікірлер: 25

@maxf5868 3 ай бұрын

Thanks for sharing

@mbvtaxexpert 2 ай бұрын

Welcome !

@user-tv1rt3iv7q 10 ай бұрын

Once again very informative video, thank you Ms. :)

@mbvtaxexpert 9 ай бұрын

Thank you as well for your feedback!

@mavieenconscience839 4 ай бұрын

Thank you for all your videos. My husband and me are thinking about coming to Romania. I am a freelance translator and he is retired. I am near to retirement (about 10 years) and if I come now, I'll lost about 400 euros/mounth for my retirment. That is a lot for me. So I'll need to save money and invest it but I am not sure how to do.... so that is a big issue for us.

@mbvtaxexpert 3 ай бұрын

Hello! I am glad to see that you are thinking about Romania when retiring. If we can help you with something do not hesitate in contacting us on office@mbv-tax.ro. Have a nice day!

@dankogulsoy 8 ай бұрын

Thanks

@mbvtaxexpert 7 ай бұрын

Welcome :)!

@syeddost8193 10 ай бұрын

very good efort

@mbvtaxexpert 10 ай бұрын

Thank you very much!

@omardvp77 3 ай бұрын

So if it applies 1 or 3 % is a really good option to open q rumanian business, but are there are also withholding taxes in dividends distributions? , or can the dividends be distributed tax free?

@mbvtaxexpert 3 ай бұрын

Hello! On dividends we have a tax of 8%, they are not tax free. And additionally, if the amount that you took as dividends is higher than 10.000 euro, next year you will have to pay health insurance a flat amount of 3.960 euro / year.

@amsalespush 7 ай бұрын

Thanks a lot. So, as a self-employed person, I pay only 10% health insurance? How about pension insurance? I read that pension insurance is 25% also on self-employed income.

@mbvtaxexpert 7 ай бұрын

Welcome :) If by self-employed you mean PFA, yes indeed you pay also pension 25% but is ceiled at 24 minimum salaries if your income is higher then 79.200 RON - so in this case the pension will be 19.800 RON , no matter how much higher is the income (meaning above those 79.200 RON).

@AlinFlair 9 ай бұрын

Buna ziua. In primul rand multumesc pentru material. Am si eu o intrebare, vreau sa ma intorc din diaspora si as vrea sa deschid in parteneriat o crama in Romania pe fonduri APIA. Oferiti consultanta in acest domeniu ? Sau consultanta in cum sa incadrez firma la incepuit de drum ? Va Multumesc anticipat.

@mbvtaxexpert 9 ай бұрын

Buna ziua - da oferim genul acesta de consultanta insa pentru a va putea oferi cea mai buna solutie va trebui sa ne dati mai multe detalii. Daca parteneriatul inseamna si finantare de la APIA / AFIR, unde vreti sa vindeti si care va sunt clientii - etc. Ne puteti contacta la office@mbv-tax.ro sau puteti rezerva o intalnire online: calendly.com/mbv-tax/advisory-consultancy-on-opening-a-business-in-romania-online?month=2023-11

@deep98820 5 ай бұрын

How can a foreigner on a work permit claim the tax return and after how long he can claim can you please explain

@mbvtaxexpert 3 ай бұрын

I do not know exactly what do you want to know so maybe is better to write us an detailed email with your situation - office@mbv-tax.ro. Thanks for understanding!

@StarkovArtur 9 ай бұрын

Hello! Can it be 0% withholding tax on dividends if share holder is a company in another EU country? Does EU parent-subsidiary directive works in this case? Do you have clients doing 0% WHT?

@mbvtaxexpert 9 ай бұрын

Hello! Yes it can be also % withholding tax on dividends here in Romania with the following conditions: 1. the foreign legal entity must provide proof of the tax residence certificate issued by the competent authority of the foreign country of domicile; 2. the foreign company must hold at least 25% of the shares of the Romanian company for at least 2 years (this means that you can not distribute before 2 years); 3. one company (subsidiary) is resident for tax purposes in a Member State (Romania) and the other company (parent company) is resident for tax purposes in other EU country with which Romania has Double Treaty signed.

@StarkovArtur 3 ай бұрын

⁠@@mbvtaxexpert hello! I would like to start process of Romanian company formation with your assistance. Whom should I contact?

@Webmart0348 9 ай бұрын

I want to talk with you about business in romania but how

@mbvtaxexpert 9 ай бұрын

Hello - you can book a consultation here: calendly.com/mbv-tax/advisory-consultancy-on-opening-a-business-in-romania-online and in this way we can talk about your situation. Have a nice evening!