Government emergency ordinance no. 50/2015, published in the Official Gazette no. 817 of 3 November 2015, highlights amendments brought to laws no. 227/2015 and 207/2015 regarding fiscal codes. Taxand Romania provides an overview.


Several fiscal code amendments were announced, including:


  • The tax rate applicable for dividends distributed to Romanian individuals and legal entities, as well as for dividends derived by nonresidents from Romania, is reduced from 16% to 5%. The new tax rate is applicable to dividend income distributed
  • The ordinance increases the threshold applicable to Romanian legal entities in order to qualify as „micro-enterprises” from EUR 65.000 to EUR 100.000 for income registered in the previous fiscal year
  • The applicability of the reduced VAT rate of 9% will be extended for the supply of potable water and for the water used in irrigation and agriculture

The provisions of the emergency ordinance will enter into force on 1 January 2016.


Discover more: Fiscal code amendments

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Taxand's Take

Taxpayers in Romania should take note of this update to ensure they remain compliant and don’t miss out on any opportunities presented by the changes.

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Article tags

International Tax | Romania

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