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01 August 2016

Romania's income tax exemption for individuals employed in the Research and Development sector discussed

Starting from August 2016, individuals who work in Romania in Research and Development (R&D) or Technological Development fields will benefit from a complete exemption from taxation on the employment income attributable to these activities. The 16% flat tax rate currently being charged will no longer be levied on salaries received from August 2016 onwards.

A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1309

Document ID: 2016-1309

 

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