The draft law on the taxation of capital gains changes for individuals was officially published on May 23, 2022. Through these amendments, the Romanian authorities aim to apply a more favorable tax regime, and at the same time simplify the tax reporting and payment for individuals earning gains from the sale of securities through Romanian intermediaries.

However, all these changes will be applied starting with the following year, i.e., from 1 January 2023.

More specifically, the law that brings the aforementioned amendments is Law no. 142/2022 published in the Official Gazette no. 502 of 23 May 2022, and according to it the individual investors will owe a lower tax on capital gains, while the investment intermediaries (i.e., investment and brokerage companies) will have to deal directly with the tax declaration and payment of the income tax due for all their individual investors.

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Tax & Legal consultant since 2005.

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