UniCredit Bank S.A.
Summary:
The Romanian Government has approved the decrease of the tax rate for dividends to 5%.
Wed, 28/10/2015
On October 27th, 2015 the Romanian Government adopted an Emergency Ordinance which will be enforced from January 1st, 2016 reducing the tax rate from 16% to 5% for dividends distributed to Romanian entities (both individuals and corporates) and dividends obtained in Romania by non-residents.
Impact on investors: The 5% tax on dividend will enter into force from January 1st, 2016, instead of January 1st, 2017 as previously stipulated.