tax in romania

Presentation company creation and subventions and recruitment in romania on the fit seminar 28 November 2018

Romania is oxygen for your business

I spoke about :

- company creation in romania

- recruitment in Romania

- subventions in Romania

I gave a testimonial of 15 years of business adventures with practical tips on company creation, recruitment and subventions in Romania.

If anybody is interested we can do all of this for you as we helped more then 250 clients in Romania with their business.

Just mail me frjacobs@telenet.be

 

 

The tax rate for a micro enterprise with one full-time employee amounts to 1% in Romania

The revenue threshold of a micro enterprise will be EUR 1 million, from January 1, 2018. The tax rate for a micro enterprise, with one full-time employee, amounts to 1%, whereas the tax rate for micro enterprises with no employees reaches 3%.

According to the latest changes in the Fiscal Code,  a newly established legal entity is required to follow the micro-enterprise tax regime starting with the first fiscal year and will remain under this tax regime if it meets all of the following criteria:

The tax on micro-enterprises becomes compulsory for all businesses with turnover below 500,000 euros the tax rate is only 3%

All companies with private capital  that earned up to 500,000 euros in revenue in 2016 are required to change their tax system by becoming a taxpayer on microfinance income. Basically, no private company with income under this ceiling can not  pay a 16%  tax rate, but is forced to apply the tax regime for micro-enterprises. The only companies that escape this obligation are those with social capital of at least 45,000 lei, who can choose which tax system they apply (micro or profit tax).