Romania Announces Comprehensive Tax and Fiscal Reforms to Strengthen Revenue Collection
Bucharest, The Gulf Observer: Romanian Finance Minister Alexandru Nazare (Liberal Party, PNL) has announced a series of wide-ranging tax and fiscal reforms aimed at boosting state revenues and tightening financial discipline. The announcement was made on August 13, but the release of the full reform document was delayed, reportedly in response to criticism over loopholes and inaccuracies.
Key measures include a 16% tax on certain expenditures by multinational companies with foreign affiliates in four high-risk areas—management fees, consultancy, loan interest, and intellectual property—exceeding 3% of deductible expenses. This replaces the 1% minimum income tax (IMCA), which underperformed in revenue generation.
Romania will also impose a RON 25 (EUR 5) tax on parcels valued under EUR 150 delivered by extra-EU online platforms such as Temu and Shein. The government is seeking ways to ensure the tax applies to all goods originating outside the EU, even if routed through another member state.
The VAT rate for the HoReCa sector could be increased from 11% to 21%, subject to further evaluation in line with European Commission recommendations.
Other measures include stricter oversight of the tax authority (ANAF), criminalising the transfer of ownership in companies with overdue tax debts, increasing the minimum capital requirement for limited liability companies (SRLs) from RON 200 (EUR 40) to RON 8,000 (EUR 1,600), and mandating that all B2C companies accept both cash and card payments.
The reforms also target the settlement of 462,000 inactive taxpayers who collectively owe RON 3.5 billion (EUR 700 million) to the state.
