Agribusiness remains one of the most active sectors for investment in Romania, driven by large-scale land operations, consolidation trends, EU subsidies, and increasing interest from international investors. However, transactions in this sector often carry specific tax risks that go beyond standard corporate due diligence. Unlike other industries, agribusiness combines land ownership rules, sector-specific tax incentives,…
Romania continues to be one of the most active jurisdictions in Europe when it comes to tax digitalisation. Over the last few years, businesses have moved from traditional tax reporting towards increasingly detailed digital reporting obligations. What started with transactional reporting through RO e-Factura has expanded into granular accounting data reporting through SAF-T and now…
Abstract: 2025 brings significant tax changes that may impact companies in Romania. From the reduction of the microenterprise threshold to EUR 250,000, the anticipated increase in the dividend tax from 10%, to expanded digitalization requirements (SAF-T, e-Invoice, e-VAT), it is crucial for a taxpayer to act strategically. Here’s what a company can do to…
Tax Regulations Recent amendments to the Romanian Fiscal Code, specifically to Article 31 regulating the tax losses are applicable starting with 2024 (or the modified fiscal year beginning in 2024, as applicable). Under these changes, annual tax losses as declared through the corporate income tax return can be offset against taxable profits earned in the…
2025 comes with a new tax compliance requirement for small taxpayers in Romania, namely the obligation to prepare and submit the 406-SAF-T return (Standard Audit File for Tax) to the tax authorities. The role of this return is to transmit the company’s accounting data electronically to ANAF (National Fiscal Administration Authority). In other words, the…
Starting January 1, 2025, companies in Romania will need to align with a new version of the CAEN Classification (Classification of Activities in the National Economy), in accordance with National Institute of Statistics (INS) Order no. 377/2024. This update requires companies to carefully review the CAEN codes they currently use, with possible modifications needed in…
Baker-Tilly-RO_Corporate-News_10-2024-v2
