Romania Plans To Introduce Differentiated Corporate Income Tax

Romania's proposed finance minister Ionut Misa said Thursday the government plans to introduce a differentiated tax on income for all companies, in three gradual stages, of 1%, 2% and 3%, respectively.

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“There will be three tax rates on companies’ turnover. Starting with a 1% tax rate on micro-enterprises with up to EUR500,000 turnover, the tax rate is envisaged to grow progressively to 2% and 3% (...)”, said Misa.

Misa also said an analysis would be conducted in each sector of activity, because there is a distinct profit margin in each sector.

Romania’s new government wants to eliminate the profit tax and introduce a differentiated income tax for all companies in Romania, in three gradual stages.

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