Market Taxation Guide - Romania

02.07.2020

This Market Taxation Guide (Romania) provides the following details:

  • Reference information about all taxes applied at source, through Clearstream Banking and its local depositories, to securities deposited in Clearstream Banking.
  • Instructions for obtaining relief at source or a refund of withholding tax, where these are available, through Clearstream Banking.

New and improved tax information and procedures that become available will be included on an ongoing basis.

Important note: This Market Taxation Guide (including any attachments and other links) is for informational purposes only and is not intended and should not be considered as legal advice on any subject matter. Readers of this Market Taxation Guide, whether customers or otherwise, should not act or refrain from acting on the basis of any information included in this Market Taxation Guide without seeking appropriate legal or other professional advice.

Withholding tax

Debt Securities

Holding restriction

Withholding tax rate

Relief at source

Quick refund

Standard refund

No

0%/16% a

Residents of Double Taxation Treaty (DTT) countries

Yes

No

No

 a. 16% applies only to corporate bonds if the prospectus is not approved by the competent regulatory body and the interest is paid to a person who is a related person of the issuer. A related person is assimilated to “affiliated person”, that is, anyone having inside information.

Equities

Holding restriction?

Withholding tax rate

Relief at
source

Quick
refund

Standard
refund

No

5%

Residents of Double Taxation Treaty (DTT) countries

Yes

No

No

Capital gains tax

There is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. Capital gains tax may however be payable on specific gains. Clearstream Banking does not provide assistance in this regard. Please consult a tax advisor for further information.

Stamp Duty

There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not provide assistance in this regard. Please consult a tax advisor for further information.