Choosing the taxation form is one of the most important financial decisions when starting a business. The new NACE Rev.3 codes bring changes regarding eligibility for tax regimes.
Micro-enterprise income tax
- Rate: 1% or 3% of turnover
- Threshold: Revenue must be below €500,000
- NACE Rev.3 restrictions: Certain codes may have special conditions
Corporate income tax
- Rate: 16% of net profit
- Advantage: All activity-related expenses are deductible
- Recommended: When operational costs exceed 60-70% of revenue
Consult a specialized accountant. Visit www.contabilitatearad.ro for professional services.