Romania Tax Overview

The Romanian tax system at a glance

• Tax year — Calendar year (1 January to 31 December) (Romanian Fiscal Code (Law 227/2015))
• Currency — Romanian leu (RON) (Romanian Fiscal Code (Law 227/2015))
• Tax authority — Agenția Națională de Administrare Fiscală (ANAF — National Agency for Fiscal Administration) (Romanian Fiscal Procedure Code (Law 207/2015))
• Basis of taxation for residents — Romanian tax residents are taxed on worldwide income; non-residents are taxed only on Romania-source income (Romanian Fiscal Code (Law 227/2015))
• Headline personal income tax rate — 10% percent (flat rate) (Romanian Fiscal Code (Law 227/2015))
• Standard corporate income tax rate — 16% percent (Romanian Fiscal Code (Law 227/2015))
• Does VAT exist? — Yes — VAT (TVA, taxa pe valoarea adăugată); standard rate 21% from 1 August 2025 (was 19%) percent
• Annual personal income & social contributions return deadline — 25 May of the following year (Unique Return / Declarația Unică) (Romanian Fiscal Code (Law 227/2015))
• Annual corporate income tax return deadline — 25 March of the following year (Form 101) for calendar-year taxpayers (Romanian Fiscal Code (Law 227/2015))
• EU / VAT regime context — Romania is an EU member state; VAT follows the EU VAT Directive (intra-Community supplies, OSS/reverse charge apply) (EU VAT Directive 2006/112/EC; Romanian Fiscal Code (Law 227/2015))