Romania: Fiscal Code

Alessandro Pasut

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.

To receive expert advice by Alessandro Pasut about fiscal code in Romania click here

Share

Tags:

Lascia un Commento

L'indirizzo email non verrà pubblicato. I campi obbligatori sono contrassegnati *

*

È possibile utilizzare questi tag ed attributi XHTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>