Incentive schemes for investment in tech/fintech businesses
Romania’s tech and fintech sectors are growing, supported by tax incentives and development goals set by the government. As of January 1, 2023, IT field employees, including those on secondment in Romania, can benefit from income tax exemptions, aimed at fostering innovation and growth. Fintech companies enjoy a 1% tax rate if annual revenues are under €0.5 million. Additional benefits include a 50% extra deduction on R&D expenses and tax exemptions for profits reinvested in technological equipment, under certain conditions, promoting a favorable environment for tech industry expansion.
