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Romania Tax Changes for 2024 Include New Turnover Taxes, VAT Rate Changes, and Mandatory Electronic Invoicing

|Approved Changes|Romania
Romania

Romania has introduced several tax changes for 2024. Some of the main changes include:

  • The introduction of a 1% minimum turnover tax on companies with annual turnover exceeding EUR 50 million in the previous year (except for banks and oil and gas companies - see below), which applies when the standard corporate tax calculated is less than the minimum turnover tax, including for tax groups, wit…

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