Romania has published Law No. 239 of 15 December 2025 and Emergency Ordinance No. 89 of 23 December 2025, introducing various changes for 2026. One of the main tax-related changes is the introduction of a 1% cap on the deduction of payments for intellectual property rights and management and consulting services to non-resident related parties (affiliated entities), which applies to companies with turnover below EUR 50 million. For 2026, the 1% cap applies if such limited expenses exceeded 1…