The global minimum profit tax of 15% applies starting this year in Romania as well, as a result of the transposition into local legislation of the European Directive 2022/2523, regarding ensuring a global minimum level of taxation of multinational enterprise groups and of large national groups, by Law 431/2023. The initiative is based on Pillar Two of the international tax reform coordinated by the Organization for Economic Cooperation and Development (OECD).
In short, companies in Romania that are part of large groups (with total revenues of over 750 million euros) must annually calculate the effective tax rate, and if it is less than 15%, pay an additional tax as the difference up to this quota.
For more information, please see the Romanian version of the article, here
