Romania has introduced several tax changes for 2024. Some of the main changes include:
- The introduction of a 1% minimum turnover tax on companies with annual turnover exceeding EUR 50 million in the previous year (except for banks and oil and gas companies - see below), which applies when the standard corporate tax calculated is less than the minimum turnover tax, including for tax groups, with the minimum turnover tax calculated according to the formula 1% x (VT - Vs - I - A), where:
- VT is …