Tax Code

In Romania, taxes are based on the regulations from the Tax Code. As we all know, companies must pay to the state budget the tax profit, which is obtained by subtracting all deductible expenses from the taxable income.

Generally, the tax rate on taxable profits is 16%, according to the Romanian Tax Code. Of course, there are a few exceptions, such as zero tax for some state-owned companies or a maximum 3% tax rate for any revenue of micro-businesses.

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