Estonia vs Romania

Estonia does not tax retained earnings. Distributed profits are taxed at 22% (22/78 of the net distribution) since 1 January 2025.

16

Corporate income tax is assessed and declared monthly.

If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by June 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the sixth month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters.

CIT on distributed profits is payable upon distribution.

The final payment of CIT is usually due on the 25th of the sixth month after the end of the company's fiscal year.

Not applicable as tax is only due on distribution.

Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters.

0/0-22/0-22

16/NA/NA

0/0/10

16/16/16

24

21

Estonia does not have a separate capital gains tax; gains are taxed as regular income at the corporate rate when distributed.

Capital gains are constrained by the normal corporate income tax rate.

18.7%

14.41%

0.0%

6.41%