The second major fiscal–budgetary reform package has passed the final constitutional review and is now ready for promulgation and publication. It introduces extensive amendments to the Fiscal Code, company legislation, and insolvency procedures, most measures taking effect from 2026.
Key tax changes include:
• Corporate tax for multinationals: strict limits on deductibility for IP, management, and consultancy expenses for companies outside the minimum turnover tax regime.
• Independent income and rentals: special rules for renting more than 7 rooms; the annual CASS cap increases to 72 minimum wages.
• Investment and crypto taxation: higher withholding tax rates (up to 6%); transactions without brokers and crypto gains taxed at 16%.
• Local taxes and luxury tax: substantial increases in 2026; the luxury tax triples to 0.9%.
Corporate regulations include:
• Combatting inactive companies: lacking a bank account or failing to file financial statements may trigger inactivation and dissolution.
• Stricter payment instalments: guarantee via surety contracts and new debt limits for simplified instalments.
• Online auctions: seized assets will be auctioned exclusively online.
• Banking and card-payment obligations: all companies must hold a bank/Treasury account; card payments become mandatory for all merchants.
For company governance:
• Minimum share capital: 500 lei for new companies; 5,000 lei for existing ones with turnover above 400,000 lei.
• Internal transactions and dividends: stricter rules for loans and related-party operations.
• Undeclared work: fines double to 40,000 lei per person, with a maximum cap of 1 million lei.
A 25-lei fee for non-EU parcels under €150 is introduced, and control authorities will use body cameras. The reform also brings important changes to insolvency legislation.