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Romania Individual Income Tax Amendments for 2021

|Approved Changes|Romania
Romania

As part of Law No. 296 of 18 December 2020, Romania has introduced several individual income tax amendments for 2021. The main measures include:

  • The withholding tax rate on payments to non-resident individuals is reduced from 16% to 10%, which applies for interest payments, royalties, commissions, fees for management and consulting activities, and fees for services performed in Romania;
  • It is…

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