Romania: Income tax treaty with China, status update | KPMG | GLOBAL

Romania: Income tax treaty with China, status update

Romania: Income tax treaty with China, status update

Romania has ratified an income tax treaty with China. The ratification law was published on 12 May 2017.

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Once the income tax treaty is ratified by China and enters into force, the treaty provisions would be effective. These include:

  • The withholding tax rate on dividends and interest would decrease from 10% to 3%.
  • The tax rate on royalties would decrease from 7% to 3%.
  • Specific provisions on commissions would be eliminated (these would be subject to the general taxation rules).
  • There would be an update of the provisions on the exchange of information.

 

Read a May 2017 report [PDF 97 KB] prepared by the KPMG member firm in Romania

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