The income obtained from the distribution of dividends has been subjected to many changes over time, which were brought by different Romanian governments to the Romanian Tax Code. The most important of these was the decrease of the tax rate from 16% to 5%. Find out all the necessary information about Romanian taxes on dividends due in 2019, the obligations you have regarding tax reporting of dividend income, both as a company and as individual shareholder, all of them in the article below.
In short, explaining what dividends are
According to Romanian companies law (Law no. 31/1990), any individual or legal person may benefit from the payment of dividends when he/she owns shares in a company, whether it is a limited liability company, or a joint stock company.
Specifically, dividends constitute part of the profit that a company makes during a financial period (e.g., during a year) and which can be distributed to each shareholder or associate in that company, in proportion to the number of shares which the shareholder owns in that company.
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