Romania introduces new tax provisions affecting non-resident property owners. Here is what international investors need to know heading into 2024.
New Tax Framework for 2024
Romania's fiscal code has been updated with several provisions that directly affect foreign property investors. The changes, effective from January 2024, impact both income tax on rental earnings and property transfer taxes.
Key Changes
The most significant updates include revised withholding tax rates for non-residents, new deduction categories for property maintenance expenses, and updated thresholds for the micro-enterprise tax regime.
What This Means for You
If you hold Romanian property through an SRL, your corporate structure and tax strategy may need adjustment. We recommend reviewing your setup with a qualified advisor.
