Romania

Rental Income Tax, Effective Tax Rates (%) - Romania Compared to Continent

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Switzerland	48.56%
Austria	33.92%
Russia	30.00%
Norway	26.86%
Spain	24.00%
Finland	23.80%
Sweden	22.76%
Estonia	21.00%
Hungary	18.72%
Malta	17.78%
Poland	17.44%
Serbia	16.00%
Germany	15.82%
Netherlands	15.00%
Ukraine	15.00%
Turkey	14.61%
Portugal	13.25%
Romania	12.00%
Belgium	11.61%
Croatia	10.50%
Ireland	10.05%
Bulgaria	10.00%
Slovak Rep.	9.30%
Macedonia	7.52%
Luxembourg	7.02%
France	5.80%
Czech Rep.	5.52%
Moldova	5.00%
Andorra	3.00%
Lithuania	2.90%
Greece	2.75%
Cyprus	0.00%
Latvia	0.00%
Liechtenstein	0.00%
Monaco	0.00%
UK	0.00%

 

 

Romania: Rental income taxes (%).

The tax levied on the average annual income on a rental apartment/property in the country.

Assumptions:

• Gross rental income is /US$1,500/month
• The property is personally directly owned jointly by husband and wife
• Both owners are foreigners and non-residents
• They have no other local income
• There is no mortgage, i.e., no loan is taken for the purchase

In arriving at the pre-tax profit figure, we calculate, and deduct:

• Depreciation / capital allowances if available. We assume a value for the apartment based on our valuation research, and depreciate on this basis.

We deduct any other costs which a landlord normally pays - management charges, buildings insurance, realtor agency fees, etc. We either choose a standard percentage deduction (if available) or typical actually incurred costs. If real estate tax is normally payable by the landlord, we deduct that.

Our rental income tax figures are provided by accountants (see list of contributors). For more details see the Data FAQ.

Source: Global Property Guide Research, Contributing Accounting Firms

 

Romania does not publish official house price statistics. Colliers International’s annual Real Estate Review has prices of exclusive, middle and lower classes of apartments. General economics statistics are from the National Institute of Statistics and the National Bank of Romania.