United Kingdom vs Romania

1. Companies with profits exceeding £250,000 are subject to a main rate of 25% (effective from 1 April 2023).
2. Companies with profits not exceeding £50,000 are subject to a small profits rate of 19% (effective from 1 April 2023).
3. A tapered tax rate applies to profits falling between £50,000 and £250,000.

16

Tax returns need to be submitted within one year after the end of the accounting period.

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.

According to the scale of the payment company, there may be differences. For more information, please refer to the UK company summary.

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

According to the scale of the payment company, there may be differences. For more information, please refer to the UK company summary.

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

0/20/20

16/NA/NA

0/20/20

16/16/16

20

21

Capital gains are subject to the regular corporate tax rate.

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

22.55

14.41%

11.51

6.41%