Country Manuals Tax – Romania – Update 2021

Apr 7, 2021

Country Manuals Tax – CM Tax

We would like to inform you that BRP TAX has updated its Country Manual Tax for the following jurisdiction:

ROMANIA (TIM)

The manuals have been aligned to take into account the evolving tax regulatory legislation relating to private banking clients holding bank accounts abroad:

Tax Investment Manual (TIM)

– The chapter of Basic Principles of Romanian Taxation is further developed with regard to the following sections:
• The Financial Income section is re-structured and a chart containing the general principles of taxation per income type and asset classes is added.
• New sections related to Financial Transaction Tax, Exit Tax and Tax Amnesty Scheme are further included.
• The Anti-avoidance rules section is further enhanced with the addition of new sub-sections related to General Anti-avoidance rules, Trusts and Romanian Fiducia, Foundations Low tax jurisdictions and the development of the current status of the Disclosure of reportable tax schemes.

– The chapter of Tax suitability of financial instruments gathers more in-depth analysis on Derivative instruments and the impact of the Health Insurance Contribution (HIC) is addressed on all financial instruments.

If these Tax Manuals are part of your subscription, you should now be able to access this new version on our Platform: https://mybrponline.com/ once you have logged in under the following search:

Subscribed Tax ManualProductDocument
Tax Country Manual
Tax Investment Manual
Tax Private Equity Manual Tax
Tax Memorandum
Tax Brief
Behaviour Template
Behaviour Template Short
Country Manual Tax
Country Manual Investment Tax
Country Manual Investment Tax
Country Manual Tax
Country Manual Investment Tax
Country Manual Investment Tax
CM Tax RT
CM InvTax RT
CM InvTax PE
CM InvTax Memo
CM Tax RS
CM InvTax BT
CM InvTax BT Short

Please do not hesitate to contact us (info@brptax.com), should you require any further information.
Best regards,

Your BRP Tax Team
Geneva, 7th April 2021