Romania has published Emergency Ordinance no. 156 of 30 December 2024, which contains several amendments to the Tax Code (Law no. 227/2015) that generally apply from 1 January 2025. One of the key changes is an increase in the tax rate on dividends from 8% to 10%. The increase applies for the withholding tax on dividend distributions between Romanian legal entities and on dividend distributions to non-residents. The tax must be declared and paid by the 25th of the month following the month in which dividends are paid. Amendments are also made to the micro-enterprise regime, including a reduction of...