On 29 October 2018, the Romanian Chamber of Deputies approved and forwarded to the Senate the bill for the ratification of the pending income tax treaty with Spain. The treaty, signed 18 October 2017, will replace the 1979 tax treaty between the two countries.
Taxes Covered
The treaty covers Romanian tax on income and tax on profit and covers Spanish income tax on individuals, corporation tax, and income tax on non-residents.
Withholding Tax Rates
- Dividends - 0% if the beneficial owner …