Romania
Legal and Accounting Services in Romania
Recent forum posts
-
Academic Writing Services
Quality Dissertation is well known for delivering high quality assignment writing help, dissertation writing help, coursework writing help and essay writing help to UK university and college students. Our academic assistance service comes at a very affordable price. With a team of writers, specialised in different subject areas, we are able to assist all students for different field of studies.
Total Posts: 25 Last post by amandaparsons
-
What should authors look for when choosing professional ghostwriters for hire?
Handling your ideas with someone else can feel risky so choosing the writer matters more than most authors expect. Start by reading samples of the writer’s work. A strong writer can change voices of forcing one style onto every project. Clear communication matters, because the best collaborations begin with interviews and regular check‑ins. Experience in your genre also matters, since a busi
Total Posts: 1 Last post by jessicamartinez
Romania Legalities
The legal framework in Romania is inadequate in a number of areas and often one piece of legislation conflicts with another.
Tax and customs considerations
The UK and Romania have signed a double taxation convention.
Value Added Tax ( VAT)
The VAT rate is 24%.
A lower rate of 9% VAT is applied to:
- Pharmaceuticals
- Books
- Newspapers
- Museum fees
- Hotels
- Camping services
- Bread and pastry products
There are also taxes on land, means of transport, the use of public places, advertising and promotion, and construction certificates.
Excise duties
Excise duties are levied on specific products including:
- Alcoholic beverages
- Tobacco products
- Perfumes
- Coffee
Rates vary between 1% and 50% and are applied before levying VAT.
The excise rates for cigarettes and alcohol are applied to maximum retail price.
Romania Corporate tax
Romania applies corporate income tax at 16%.
Income tax
Income is taxed at a flat rate of 16%, to which is added, as a percentage of gross income:
- 0.5% unemployment tax
- 10.5% tax for social security contributions
- 5.5% tax for health insurance
Click here to Ask an Expert about Legal and Accounting Services in Romania
