Romania Gazettes Emergency Ordinance Amending Various Tax Measures

The Romanian Official Gazette Dec. 31, 2024, published Emergency Ordinance No. 156, amending various tax measures. The ordinance includes measures: 1) explaining that dividend tax is determined by applying a 10 percent tax rate to gross dividends paid to Romanian legal entities, and requiring that dividend tax be declared and paid by the 25th day of the month following a dividend distribution; 2) reducing the annual income threshold of the micro-enterprise regime to 250,000 euros (US$257,530) from 500,000 euros (US$515,060), and further reducing the threshold to 100,000 euros (US$103,012), starting Jan. 1, 2026; 3) providing the construction tax calculation procedure, ...