3 ms·
Romania. I'm registered as a "persoana fizica autorizata" (PFA), which has 2 types of taxation systems: - real (which means you're taxed ~40% based on how much
by bogdanu 6y ago
Romania. I'm registered as a "persoana fizica autorizata" (PFA), which has 2 types of taxation systems:
- real (which means you're taxed ~40% based on how much you earn).
- norma de venit, where you'll need to pay taxes for a fixed amount of money, even if you make less. This system is only for persons making below 100k eur/year, after that you'll be moved to the "real" taxation.
In op case, he exceeds the 100k limit and he'll need to register a company instead where there's a 3% revenue tax plus a 5% income tax.
- greedythrowaway 6y agoThis site [1] says self-employed (PFA) has an income tax of 16% and national insurance of 10.5% or 26.3%, and another 5.5% (I didn't understand that part very well). Micro-LLCs [2] have a 3% (no employees) or 1% (1 to 3 employees) corporation tax and 16% tax on dividends. 1 - http://www.fnsadscagrostar.ro/centre-de-formare/item/1891-ce-taxe-si-impozite-platesti-pentru-srl-si-pfa.html http://www.fnsadscagrostar.ro/centre-de-formare/item/1891-ce... 2 - https://taxsummaries.pwc.com/romania/corporate/taxes-on-corporate-income https://taxsummaries.pwc.com/romania/corporate/taxes-on-corp...
- bogdanu 6y agoYeah, that's the real system, there's also "norma de venit" which is quite different - you'll pay for a fix amount per year. Also, the dividend tax was lowered to 5%.