Law on the global minimum level of taxation of multinational entities groups and large national groups was adopted.
The law applies to the incorporating entities established in Romania, members of a group of multinational entities or a large national group, which has an annual income of at least the equivalent in RON of the amount of EUR 750,000,000 recorded in the financial statements of the mother company for at least 2 of the 4 financial years immediately preceding the reference financial year.
The applicable taxes are the additional tax and the national additional tax.
The additional taxes is determined on the basis of the percentage of the mother company’s shareholding that confers rights to the qualifying profits of the entity taxed at the reduced rate.
The additional national taxes is payable by all the constituent entities taxed at a reduced rate in Romania of the group of multinational companies or of the large national group in Romania falling within the scope of this law for the financial year in question.