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Tax Reductions Applicable to Corporate Income Tax in Romania

Author

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  • Elena STĂNCIULESCU

    (Bucharest)

Abstract

After performing all the necessary calculations to determine the tax result and implicitly the corporate income tax, the accounting professionals must know the exemptions applicable in Romania regarding the reduction of certain amounts directly from the calculated corporate income tax. In this article are detailed aspects regarding the amounts that are directly deducted from the corporate income tax, namely a percentage of up to 15% applicable according to Government Emergency Ordinance No. 153/2020, tax reductions representing the tax credit, direct tax withholding of sponsorships or redistribution of the “unused” sponsorship difference, tax exemption of reinvested profit, as well as certain bonuses for good-paying taxpayers.

Suggested Citation

  • Elena STĂNCIULESCU, 2025. "Tax Reductions Applicable to Corporate Income Tax in Romania," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 6(4), pages 35-43, April.
    • Handle: RePEc:ahd:journl:v:6:y:2025:i:4:p:35-43
    DOI: 10.37945/cbr.2025.04.04
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    More about this item

    Keywords

    accounting professional; tax result; corporate income tax; tax credit; tax exemption; reinvested profit; bonus;
    All these keywords.

    JEL classification:

    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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