The new fiscal regime in Romania will affect both individuals and companies, through additional turnover taxation or a turnover threshold in the case of micro-enterprises.

Tax changes for companies:

Companies registering a turnover of more than 50 million euros will pay a minimum tax of 1% of turnover, while operators in the oil and natural gas sectors, with a business of more than 50 million euros, will have to pay an additional tax of 0.5% of the total income , adjusted by the amount of tax-free income, investments and depreciation.
Credit institutions will pay an additional tax of 2% of turnover between January 1, 2024 and December 31, 2025, respectively 1% from January 1, 2026. The value of turnover includes income from interest, dividends, taxes and commissions, as well and other income categories.
For micro-enterprises, there will be two rates of income tax:
1% for those who have incomes up to 60,000 euros
3% for those who have incomes above €60,000 or carry out activities (main or secondary) in the areas of: product publishing software, accommodation, restaurants, event catering, bars, legal activities (companies with legal personality that are not fiscally transparent entities composed of lawyers), activities with general or specialized medical care, dentistry. In addition, a shareholder/partner will be able to own more than 25% of the value of shares in only one company in this category.
The tax exemption for monthly income in the IT sector above 10,000 lei is abolished. Individuals who receive income from labor remuneration in the IT sector, realized on the basis of a single individual employment contract up to and including 10,000 lei, will be exempt from income tax.
In the construction sector, as well as in agriculture and the food industry, there will be an exemption from income tax only for the income realized on the basis of a single individual employment contract, full or part-time and for gross monthly income up to and including 10,000 lei . In addition, the exemption from paying the health insurance contribution, as well as the exemption from paying the insurance contribution payable by the employers for the activity carried out under special, special or other working conditions, is abolished.
Freelancers who receive income from independent activities defined in the real system can no longer have sponsorship expenses deducted. They can also deduct €100 per year from their spending on sports subscriptions (the limit was €400 per year until now).
The value of food vouchers is increasing. Amounts representing the nominal value of statutory meal vouchers and holiday vouchers will be included in the monthly basis for calculating the health insurance contribution of individuals who receive income from wages and will be taxed at 10%. The Department of Labor announced that starting in February 2024, the maximum value of food stamps will increase by 14%. From 35 lei to 40 lei. Also, the value of holiday vouchers increases to 1,600 lei.
Individuals who receive income from independent activities from one or more sources owe the social health insurance contribution for each source of income at the same annual basis of calculation not higher than 60 minimum gross wages for each state.
In the area of VAT, many reduced rates are dropped or increased from 5% to 9%.

From 9% to 19% for the delivery of non-alcoholic beer and foods with added sugar except cakes and biscuits.
From 5% to 9% for: delivery of high-quality food - mountain, eco, traditional products; supply of housing as part of social policy, supply and installation of photovoltaic panels, solar thermal panels, heat pumps and other high-efficiency, low-emission heating systems, supply and installation of components for repair and/or extension of systems as a component of building supplies, or as additional options to construction delivery; access to malls, amusement and recreation parks, fairs, exhibitions, cinemas and cultural events other than tax-free; access to sporting events.
From 5% to 19% for: right to use certain sports facilities and certain passenger transport activities.
In 2024, excise duties on alcohol, tobacco, fuels, and the tax on soft drinks with added sugar will be increased.

A special tax of 0.3% is introduced for houses and cars above a certain value - 2,500,000 lei for real estate and 375,000 lei for cars.

Source: https://brcci.eu/novi-danatsi-i-taksi-prez-2024-g-v-rumania