Romania: Corporate Income Tax

Alessandro PasutRomania

Corporate Income Tax. Expenses resulting from the adjustment due to the difference between the nominal value and the acquisition cost of  previously acquired receivables are considered deductible.
The amendments to the Norms detail the supporting documents that need to be provided by a Romanian company to benefit from corporate income tax exemption for dividends received from a foreign company.


The amendments to the Norms bring various clarifications with respect to the declaration and payment of corporate income tax due by foreign companies for income from immovable property located in Romania and the sale of shares held in Romanian companies, corporate income tax due by taxpayers opting for a fiscal year different from the calendar year, micro-enterprise income tax due by taxpayers that cease to exist.


Certain changes are aimed at aligning the Norms with the Fiscal code, such as the application of the micro-enterprise regime for taxpayers deriving income from management and consultancy, the types of income included in the taxable base for micro-enterprise regime, the  minimum holding period required to benefit from dividend corporate income tax / withholding tax exemption.

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