Debt securities - rates, eligibility, availability of relief etc. - Romania
Standard rate of withholding tax:
The rate of withholding tax on interest from Romanian bonds depends on the bond type, as follows.
Government and municipal bonds
Not subject to withholding tax
Not subject to withholding tax.
Rare exception: A withholding tax rate of 16% may apply when the corporate bond’s prospectus is not approved by thecompetent regulatory body and the interest is paid to a person who is a related person of the issuer of the respective debt instrument. A related person is assimilated to “affiliated person”, that is, anyone having inside information.
Availability of relief
Click on the image for a larger view of the diagram showing the availability of relief at source and/or reclaim of withholding tax on income from Romanian bonds.
Eligible beneficial owners
Relief at source
Residents of Double Taxation Treaty (DTT) countries