SMALL ROMANIAN BUSINESSES BENEFIT FROM A TAX ADVANTAGE
Small businesses (i.e. those with a turnover of less than EUR 500,000) can choose to be taxed at the rate of 1% of their income rather than on their profit at the rate of 16%. Experts from the Romanian accounting firm LPG have determined that this regime is favorable to all companies that offer a return above 6.25%. Read our full article on the Micro Business taxation.