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Romania – higher rates of withholding tax for non-residents


The Romanian government has introduced a new 50% rate of withholding tax, in place of the normal 16%, in an attempt to prevent aggressive tax-planning by non-residents.

The new rate, in place from February 1st 2013, will apply to income derived by a non-resident if that non-resident is from a country which does not have a valid exchange of information agreement with Romania, and if the transaction leading to the payment is considered artificial. If the beneficiary is resident in a country which has signed such an agreement, but the jurisdiction where the payment is made has not, then the higher rate will apply.