According to the World Bank’s Doing Business Report, Romania is ranked 55th ahead of Italy, Bulgaria, Luxembourg or Greece. The overall paying-taxes ranking of the country has been improving and is the second-best among the regional peer countries.
In the first quarter of 2022, Romania's economy surprised on the upside with a 5.2% real GDP growth rate. Business confidence in Romania is at the highest level in the last 4 years due to robust economic growth prospects and to the recovery of investment and consumption.
From a tax perspective, the standard corporate income tax rate of 16% remained constant over the last 17 years. It is also one of the lowest in Europe, well below the EU27 average of 20.71%.
The current withholding tax rate in Romania is 5%.
In general, the dividends paid are non-taxable if the beneficiary of the dividend had a minimum holding of 10% in the share capital of the distributing company, for an uninterrupted period of at least 1 year.
Non-residents may be eligible for a reduced rate under DTTs (double tax treaty).
More info on Invest Romania's website: http://investromania.gov.ro/
