Quick Summary. Romania taxes resident companies on their worldwide income. Non-resident companies are taxed on Romanian-source income. Micro-companies–defined based upon total prior-year revenue of no more than 1 million euros–are subject to a special, micro-company tax regime.
Romania is a semi-presidential republic. It is governed by a prime minister and president. Romania is divided into 41 counties and the municipality of Bucharest. The Romanian Constitution provides for the right to ownership of private property.
Residents are taxed on worldwide income with certain exceptions, including salaries from abroad for work performed outside of Romania. Non-residents are subject to tax on Romanian-sourced income. Romania generally employs a flat personal income tax at a rate of 10%.
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