ROMANIA
From bookkeeping to tax returns and financial statements for Romanian companies, LPG is one of the leading accounting firms in Bucharest
Our payroll department draws up salary slips as well as all useful or necessary social documents
LPG consultants provide assistance with Romanian company formation
LPG can provide a registered business address in Bucharest
VAT
The Carry‑Forward of Negative VAT Balances
Romania’s High Court confirmed that the right to carry forward a negative VAT balance to subsequent VAT periods is not time-barred, strengthening fiscal predictability for businesses and investors. Decision no. 6/2026 of the High Court of Cassation and Justice provides an important ...
Economy
Romania and AI Act: A Strategic Advantage for Artificial Intelligence Investors
The EU Artificial Intelligence Act (AI Act) – the first harmonized legal framework for artificial intelligence globally – will enter into full applicability on 2 August 2026. In 2024, global investments in AI grew by 62%, reaching $110 billion. Romania has positioned itself as a ...
Business taxation
Overview of Romanian Fiscal Code
Romania joined the European Union in 2007, has revised some of its standards and offers a comprehensive tax system compliant with the various EU directives in force. The corporate tax rate in force in 2016 is 16% (since January 1, 2005). For the time being, there is no additional tax such as ...
Business taxation
Taxation in Romania
The profit tax rate (IS) is of 16%. Dividend distributions are taxed at a rate of 8%. It should be noted that, under double tax treaties signed with many European countries, this withholding may represent a tax credit imputable to the amount of tax owed by the shareholder or partner in his ...
Social
Romanian minimum wage
On 1 July 2026, the minimum wage in Romania will increase by 7% to RON 4.325,00 gross (around EUR 825.60 gross). This increase benefits more than one million Romanian employees. The increase in Romania's minimum wage is not an isolated measure, but part of a wider European context. ...
VAT
New rules for e Factura and e TVA from 2026
The RO e-Factura system became, from 2024, the standard channel for transmitting invoices between taxable persons established in Romania, and from 2026 the obligation also extends to transactions with certain individuals and non residents registered for VAT purposes in Romania. From 2026, the ...