Romania Plans To Introduce Differentiated Corporate Income Tax

“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.