Romania: corporate income tax

Alessandro PasutCorporate income tax exemption is not granted for income derived from the sale / transfer of participation titles held in a Romanian legal entity, according to the law, by a legal entity tax resident in a country which does not have a double tax treaty with Romania.

The provisions of the European Union legislation regarding withholding tax are also applicable for payments between Romania and countries which have agreements in place with the European Union that provide measures similar to those provisions.

Under the new regulations, in cases where a payer withholds more tax than is actually due, as a rule, the amounts are refunded by the payer, at the taxpayer’s request submitted within the prescription term.

The payer of the income is not obliged to submit a rectifying return further to the refund of the withholding tax. The payer of the income may off-set the reimbursed amounts with other tax liabilities of the same type.

To have a consultation by Alessandro Pasut about corporate tax in Romania click here!




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