- Home
- News & Insights
Search by
Latest
Major tax and procedural changes in Romania
On 15 December 2025, the Romanian Parliament adopted Law no. 239, which will enter into force on 18 December 2025. The law introduces significant amendments to the Fiscal Procedure Code, the Fiscal Code, and other related regulations. The main changes are presented below: Legislative updates regarding legal entities As of 1 January 2026, taxpayers which had in the previous year a turnover below EUR 50 mil. (note: those not subject to IMCA), incurring expenses related to intellectual property rights, management, advisory from non-resident affiliated parties, where such expenses exceeded 1% of the total expenses according to 2024 accounts, may deduct these expenses, in the current tax year (2025 and
Key fiscal updates in Romania: Government Emergency Ordinance No. 22/2025 on the VAT regime
The Romanian government has adopted GEO No. 22/2025 introducing significant amendments to Romanian VAT legislation and directly affecting small enterprises and VAT registration procedures. The new rules transpose EU provisions into domestic law and aim to ensure a more uniform application of the small business exemption regime across the EU effective 1 September 2025. 1. Updates to the special VAT exemption regime for small enterprises Annual turnover limit for VAT exemption eligibility has increased from RON 300,000 to RON 395,000 (approx. EUR 77,000). Transitory provisions are introduced for companies that exceeded the previous eligibility threshold in August 2025. 2. Cross-border VAT simplification
Important fiscal changes in Romania starting August 2025 / January 2026
On 25 July 2025, the Romanian Parliament adopted Law 141/2025 regulating a series of important fiscal changes that will enter into force starting August 2025, as summarised below. ⇒ Increase of the dividend tax from 10% to 16% for all taxpayers obtaining income from dividends, i.e., companies, individuals, and non-residents. The increased tax applies to dividends distributed starting 1 January 2026. Certain transitory rules will apply to dividends distributed based on interim financial statements prepared during 2025 (or a modified fiscal year starting in 2025). ⇒ Increase of the supplementary turnover tax for credit institutions (including banks) as follows: from 2% to 4% for the period 1 July