On 10 September 2015, Romania published Law No. 227/2015 in its Official Gazette. The Law amends provisions of the Tax Code concerning dividends taxation, value added tax, thin capitalization and other matters.

Dividends Taxation

Changes made to dividends taxation include:

• The withholding tax rate on cross border dividend payments is reduced from 16% to 5% from 1 January 2017, and
• Dividend…