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…
About Baker Tilly Baker Tilly South East Europe, member of MHA Group, is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania, Moldova and Greece. Country offices are independent member firms of Baker Tilly International; one of the top 10 largest networks in the sector. We are committed…
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…
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The new „little train” Ordinance introduces changes regarding the taxation of dividends, the elimination of some tax facilities in the IT, construction and agriculture sectors and lowers the threshold for micro-enterprises. BTK_tax-alert_OUG-trenulet-2025
