Romania Individual Income Tax Amendments for 2021

As part of Law No. 296 of 18 December 2020, Romania has introduced several individual income tax amendments for 2021. The main measures include:

• The withholding tax rate on payments to non-resident individuals is reduced from 16% to 10%, which applies for interest payments, royalties, commissions, fees for management and consulting activities, and fees for services performed in Romania;
• It is clarified that non-resident individuals with their center of vital interests in Romania become subj…