Withholding tax on dividends in Romania

[European]

pixbix said:
Yes on total turn over, not on profit. Profit tax is 16%. also after a given sum you will also have to pay VAT, add 19% more.
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VAT will be paid by the company's clients or will be 0 if the clients are outside the EU

Marzio said:
That's right
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That makes it unattractive. You have to hire employees and rent office space but cannot deduct those as expenses??

 

[Marzio]

European said:
That makes it unattractive. You have to hire employees and rent office space but cannot deduct those as expenses??
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Depending on your business it could be attractive or not.

For a business with few expenses like a programmer, consultant, web designer and professions like that even paying 12K a year for one employee and office space it will still make sense.