Have your Romanian taxes prepared by the best tax experts!

We assist with Romanian annual tax return preparation and filing from anywhere in the world.


Benefits from working with us:

  1. Strong experience in application of tax laws

    Our team of tax consultants has a solid experience of more than 15 years in tax matters. We are certified tax consultants, and know the practical solutions behind the tax laws.

  2. Tax treaties applications

    Correctly determining Romanian taxes that are due on income of foreign sources is not a very easy task. And it is not enough to know the theory, but rather how to apply it in practice. We know how to do that, for each type and source of income. We correctly apply both the Romanian domestic tax legislation, as well as the bilateral tax treaties.

  3. Streamlined processes

    We make your tax obligations simple through streamlined steps and efficient working tools. We continuously adjust and design our working tools, to be able to save significant time and money for you. This also enables us to constantly keep you informed on the actions that you should take, at the right moment.

  4. We keep you up to date with tax opportunities

    We constantly monitor the tax legislation and keep you updated with changes that may affect the type of income you derive; we help you take the right actions for your tax situation, and benefit from potential opportunities of cost saving or investment restructuring.


Romanian taxes_annual tax return preparation

FAQ

1. Who has an annual tax filing obligation in Romania?

The tax return must be filed by individuals who are Romanian tax residents, and who, either as individuals or in a form of association, derive any type of taxable income, in cash or in-kind, from any source (from Romania or from abroad).

2. What types of income do I have to declare?

Any personal income that you derive as an individual, from activities such as: self-employment activities, intellectual property rights, renting of any assets (real estate, personal belongings), sale of shares or other types of financial investments, dividends received from abroad, cryptocurrency transactions, interest paid from abroad, gambling activities, or other sources. For more detailed information regarding each type of income and its tax treatment, you can also visit our Tax Guide.

3. Do I also have to declare my salary income through the annual tax return?

Salary income is not reportable through the annual tax return, but on a monthly basis, through monthly withholding by employer, or monthly filing (i.e. applicable for salary received from non-resident employer).

4. Is there any minimum income for which I can be exempt of Romanian taxes?

As general rule under the Romanian tax legislation, there is no minimum threshold that is free of tax. Income tax is due on the entire income derived, with only certain tax free thresholds applicable, only for some types of income (e.g., income from prizes). A non-taxable threshold is currently applicable only for the health fund contribution that is due on certain types of income.

5. If I derive income from other countries, how can I check if provisions of a double tax treaty apply?

You can get information on the applicable tax treaty from the internet. Tax authorities’ websites are generally providing such information. For example, we usually check tax treaties in the Romanian Tax Office (ANAF) online repository, which you can find here: Conventions for the avoidance of double taxation concluded by Romania with other states. The page and the treaties are only in Romanian language, but hopefully there will be an English version pretty soon. Similarly, you can check on the tax authorities’ website in your home country, as they may have a similar database online. Or, if you are resident of an EU member country, you may also check the list of tax treaties concluded by all EU member countries on the European Union’s website, here.

6. Which is the filing deadline for the annual tax return in Romania?

Romanian taxes must be reported and paid by every individual as follows: for tax year 2018, the filing deadline was 31 July 2019; for tax year 2019, the deadline will be 15 March 2020 (may be extended to 25 May 2020, but not yet enforced in the tax law).

7. Can I extend the annual tax return filing deadline?

Extension of the filing deadline is possible only by law amendment (by authorities). There is no option for extension that can be exercised by the individual.


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