Fiscal-Budgetary Measures effective from January 1, 2025 in Romania

OUG No. 156/2024, published in the Official Gazette No. 1334/2024, introduces significant amendments to the Fiscal Code, effective from January 1, 2025.

Dividend Tax:

• Income from dividends distributed to individuals and non-residents will be taxed at 10%.
• Interim dividends distributed and taxed at 8% in 2024 are not affected.
• Dividends between companies (without exemption conditions) will also be taxed at 10%.

Revenue Threshold for Microenterprises:

• 2025 limit: €250,000 (1,243,525 lei, exchange rate 4.9741 lei/euro).
• From 2026, the threshold will decrease to €100,000.
• Affiliated revenues are included; a 3% tax applies to all activities.

Elimination of Tax Exemptions:

• No income tax exemptions for employees in IT, construction, agriculture, and the food industry.
• Exemptions remain only for research and development activities.

Employee Tax Exemptions:

• Tax and social contribution exemption up to 300 lei for employees with a gross monthly income ≤ 4,300 lei (excluding meal tickets and vouchers).

Gross Minimum Wage:

• Construction: 4,582 lei/month.
• Agriculture and food industry: 4,050 lei/month.

Tax on Special Constructions:

• A 1% rate applies to special constructions owned as of December 31, exempt from local taxes.