Romania: Fiscal Code
The provisions of the amendments to the Fiscal Code apply if the taxpayer holds for an uninterrupted period of 1 year at least 10% of the share capital of the legal entity distributing the dividends or of the legal entity in which the shares sold/assigned are held or, respectively, of the legal entity which is subject to liquidation.
The uninterrupted holding period for the exemption of dividend income derived by Romanian legal entities/permanent establishments in Romania of foreign legal entities from Member States, parent companies, and from their subsidiaries located in another Member States is reduced from 2 years to 1 year.
Dividend income derived by a Romanian legal entity from another Romanian legal entity is tax exempt if the recipient holds at least 10% of the share capital of the entity distributing the dividends for an uninterrupted period of at least 1 year, while previously, there were no holding period requirements in this case.
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