Accounting & Tax Compliance in Romania
Statutory accounts, VAT returns, and corporate tax filings aligned with Romanian accounting standards, including micro-company regime eligibility assessment and dividend tax compliance.
RomaniaCurrency
RON (Romanian leu)
Corporate tax rate
16% standard · 1% of revenue for qualifying micro-companies (revenue under €100,000, at least 1 employee)
VAT standard rate
21%
Legal forms
SRL · SA
Bookkeeping standard
Romanian Accounting Standards (OMFP 1802/2014), or IFRS for listed entities
Annual filing
Annual accounts filed with the Trade Registry/tax authority within 150 days of year-end
How accounting and tax compliance work in Romania
Romania applies a standard 16% corporate income tax rate, with a distinctive micro-company regime available to companies with annual revenue under €100,000 (reduced from €250,000 as of 2026) and at least one employee: qualifying companies pay just 1% of gross revenue instead of standard corporate tax. The minimum tax on turnover, applicable to large companies whose standard CIT liability falls below the turnover-based minimum, has been reduced to 0.5% for 2026, with the regime scheduled for repeal in 2027.
Operating in Romania requires coordination across a recently tightened fiscal environment — the micro-company revenue threshold has been cut by more than half, dividend tax has increased significantly, and minimum capital requirements have been reinstated, after a period of considerable flexibility.
Discuss your Romania accounting setupRate structure and what it applies to
16% standard · 1% of revenue for qualifying micro-companies (revenue under €100,000, at least 1 employee)
- Dividend tax doubled to 16% — for distributions from 1 January 2026, affecting both individuals and legal entities receiving Romanian dividends
- Micro-company threshold halved — to €100,000 annual revenue (from €250,000), narrowing eligibility for the favourable 1% revenue-based regime
- Reinstated minimum share capital — for new SRLs — RON 500 from 2026, after a period with no effective minimum
- Mandatory Romanian bank account — within 60 business days of incorporation, with non-compliance triggering fiscal inactivity status and VAT code suspension
Rates that apply in Romania
| Rate | Applies to |
|---|---|
| 21% | Standard rate — most goods and services |
| 11% | Reduced rate(s) — defined categories of goods and services |
Romanian Accounting Standards (OMFP 1802/2014), or IFRS for listed entities, and when an audit is required
Statutory bookkeeping in Romania follows Romanian Accounting Standards (OMFP 1802/2014), or IFRS for listed entities. Statutory audit mandatory above 2 of 3 thresholds: €5.5M balance sheet, €11M turnover, 50 employees — aligned with EU harmonized thresholds.
Confirm your audit obligationAnnual accounts and registration
Annual accounts filed with the Trade Registry/tax authority within 150 days of year-end.
Entity registration runs through the Trade Registry (Registrul Comerțului), typically taking 3–10 business days.
Plan your filing calendarFrequently asked questions
Talk to a Romania accounting expert
Romania's fiscal environment has moved markedly toward tighter compliance and higher distribution taxation in the 2025-2026 cycle. Companies that modelled Romania based on its historically lighter-touch regime — wide micro-company eligibility, lower dividend tax, minimal capital requirements — should revisit those assumptions, as the qualifying thresholds and rates have shifted materially.