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The Income tax rates and personal allowances in Romania are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Romania Tax Calculator 2021.
Tax Rate | Taxable Income Threshold | ||
---|---|---|---|
10% | Flat rate on all taxable income |
Tax Rate | Taxable Income Threshold | ||
---|---|---|---|
10% | Flat rate on all taxable income |
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Romania periodically and typically updated each year. Not that not all tax rates and thresholds in Romania change annually, alterations to tax policy to support strategic economic growth in Romania mean that the certain areas may be focused on to provide specific tax relief in Romania or support growth in certain areas (overseas invstment in Romania for example may mean reduced non-resident income tax rates in Romania for a period).
When tax policy in Romania changes, the resultant tax tables also change. Tax tables in Romania are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Romania, the Romania tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Romania for example).
Romania Tax Tables may also be referred to as Romania Tax Slabs, Romania personal allowances and tax thresholds or Romania business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2021 tax rates and thresholds used within the 2021 Romania Salary Calculator. This means that if you are aware of a 2021 tax exemption or 2021 tax allowance in Romania that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Romania Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Romania Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Romania simple, we achieve this my making the Romania tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2021 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2021 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the Romania income tax rates and personal allowances used in the associated income tax calculator for the same tax year.