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Romania Tax Rates 2008April 2008 There are no significant changes in Romania's 2008 tax rates , compared to 2007. The corporate income tax rate and personal income tax rate for 2008 are flat at 16%. The standard VAT rate is 19% .There is also a reduced VAT rate of 9%. Romania Social SecurityAugust 2007 From 1.8.2007 employees in Romania would pay social security contribution according to their full gross salary. Before this amendment employees paid social security contributions up to a gross salary of 5 times the national gross salary in Romania. Romania TaxesJanuary 2007 In 2007 Romania's income tax rates for corporates and individuals remain the same as in 2006, a flat tax rate of 16%. Romania's standard VAT rate in 2007 too remains the same as in 2006, a VAT rate of 19%. |
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