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Oana Lavinia
Resource Centre / Categories :- Legal Procedures  » Taxation Law  » Legal Procedures  » Taxation Law  » Corporate Income Tax  » Legal Procedures  » Taxation Law  » Property Tax  » Legal Procedures  » Taxation Law  » Capital Gains Tax  » Legal Procedures  » Taxation Law  » Service Tax
Tax Code
Oana Lavinia | 01/01/1970

In Romania, taxes are based on the regulations from the Tax Code. As we all know, companies must pay to the state budget the tax profit, which is obtained by subtracting all deductible expenses from the taxable income.

Generally, the tax rate on taxable profits is 16%, according to the Romanian Tax Code. Of course, there are a few exceptions, such as zero tax for some state-owned companies or a maximum 3% tax rate for any revenue of micro-businesses.

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