Summary of tax and legislative changes applicable starting with 2026

Summary of tax and legislative changes applicable starting with 2026

1. Taxation

• Micro-enterprises:

  • The eligibility threshold is set at EUR 100,000 in revenues (equivalent to RON 509,850).
  • A single tax rate of 1% applies, regardless of the activity sector.

• The dividend tax increases from 10% to 16%, starting in 2026.

• The VAT registration threshold remains at RON 395,000, with new rules regarding the timing of registration: the taxable person is required to apply for VAT registration no later than the date the threshold is exceeded.

• The deadline for submitting invoices in the RO e-Factura system is changed to 5 working days.

• The year 2026 is the last year of application of the construction tax (1% of their value).

• Local taxes on buildings will increase significantly, through higher taxable values per square meter and the elimination of a significant number of exemptions.

2. Payroll & Employment

• The REVISAL system is replaced by REGES Online, which will include additional mandatory information compared to the previous system.

• Medical leave certificates will be reported exclusively through REGES Online. Submission to the registry must be made within 3 working days from the date the medical leave certificate is registered with the employer. According to Art. 36 para. (2) of GEO no. 158/2005, the medical leave certificate must be submitted to the payer no later than the 5th day of the month following the one for which the leave was granted.

• Maximum values for meal vouchers, cultural vouchers, and nursery vouchers are updated (meal voucher value: RON 45).

• The gross national minimum wage will be adjusted in July 2026; the applicable amount will be established by Government Decision (proposed amount: RON 4,325).

• The non-taxable allowance of RON 300 from salary is reduced to RON 200, starting 1 July 2026, and will remain applicable until 31 December 2026.

• Fines for undeclared work increase significantly: it will be sanctioned with a fine of RON 40,000 for each identified person, without exceeding a cumulative amount of RON 1,000,000.

• The threshold of 5 employees for the fiscal registration obligation of entities carrying out activity at a different address is eliminated. The deadline is 31.01.2026. For newly established entities, the deadline is 30 days from the date of incorporation.

• Working time records: the employer is required to keep, at the workplace, daily records of the hours worked by each employee, including start and end times of the working schedule, and to present these records to labor inspectors whenever requested.

3. Sole Traders (PFA)

• For sole traders taxed based on income norms, exceeding the threshold of EUR 25,000 in annual gross income in the previous year triggers the obligation to switch to the real taxation system starting the following year.

• Changes are introduced to the CAEN classification for activities eligible for income norm taxation.

• Starting in 2026, the electronic Single Tax Return (e-DU) is introduced, with new submission and administration rules. ANAF will make the data available to taxpayers no later than 31 March of the year following the one in which the income was earned. After verification, taxpayers will submit the Single Tax Return by 25 May 2026.

• The tax applicable to goods and/or services used for personal purposes by participants in legal entities increases from 10% to 16%.

4. Other General Regulations

• Mandatory issuance of fiscal receipts with QR code, starting 01.11.2026.

• Removal of the threshold for mandatory POS equipment – extension of electronic payment usage; entities are required to accept modern payment methods.

• Extension of the cap on commercial mark-ups for certain food products until 31.03.2026.

• Increase of the minimum share capital for limited liability companies (SRL):

  • Minimum share capital: RON 500;
  • For companies with net turnover exceeding RON 400,000, the minimum share capital is RON 5,000.
    According to Art. VI para. (6), limited liability companies registered with the Trade Registry are required to increase their share capital by amending the articles of association within a maximum of 2 years from the date the law enters into force.

• Update of the business activity object in accordance with CAEN Rev. 3, deadline: 25.09.2026.

• New rules regarding payment rescheduling, including a simplified option.

• Fiscal inactivity: expansion of declaration cases, limitation of duration, and the possibility of dissolution.

• Obligation to hold a payment account in Romania or an account opened with a State Treasury unit.

• Payment rescheduling: the list of conditions for granting rescheduling by the central fiscal authority is expanded, including the obligation to present a surety agreement. The deadline for payment of outstanding and non-rescheduled tax obligations, as well as receivables established by other authorities and fines, is reduced from 180 days to 60 days.

• Repeal of the obligation to respond to the e-VAT notification.

• Restrictions regarding the granting/repayment of loans and the distribution of dividends.

Restrictions on Loans and Dividends

• Companies that distribute dividends quarterly may not grant loans to shareholders/associates or other affiliated persons until the regularization of differences resulting from dividend distributions made during the year.

• Companies which, based on annual financial statements approved according to the law, have net assets reduced below half of the subscribed share capital may not repay loans received from shareholders/associates or other affiliated persons.

• Failure to comply with these prohibitions results in joint liability of the company and the shareholder/associate who benefited from unregularized interim dividends or loan repayments, although net assets were below the minimum legal threshold.

• Companies that record profit at the end of the current financial year but have carried-forward accounting losses may distribute dividends only after:

  • establishing legal reserves,
  • covering carried-forward accounting losses,
  • establishing statutory reserves.

• Companies which, based on approved annual financial statements, have net assets reduced to less than half of the subscribed share capital:

  • may not repay loans granted by shareholders/associates or other affiliated persons;
  • may distribute dividends from the profit of the current financial year only after restoring net assets to the minimum value required by law;
  • may not distribute interim dividends from the profit of the current financial year if net assets have not been restored to the legal minimum level.

• An obligation is introduced to capitalize loans granted by shareholders/associates in order to restore net assets, within 2 years from the identification of losses, except for situations expressly provided by law (e.g. investment funds, business angels, etc.). Failure to comply constitutes a contravention and is sanctioned with a fine ranging from RON 40,000 to RON 300,000, imposed by ANAF.

• Net assets are determined as the difference between total assets and total liabilities of the company.

• Failure to comply with the above-mentioned prohibitions constitutes a contravention and is sanctioned with a fine ranging from RON 10,000 to RON 200,000, imposed by the competent ANAF authorities, in accordance with Law no. 239/15.12.2025 (Legislative Package no. 2).