Rate : 16%
(1) Incomes in the form of dividends, including amounts received as a result of holding participation titles in closed investment funds, are to be taxed with a rate of 16% of the amount of such incomes. Legal persons are required to compute and to withhold tax on incomes in the form of dividends at the same time as the payment of such dividends to shareholders or partners.
(2) Incomes in the form of interest for the deposits set up, saving instruments acquired or civil contracts concluded starting with 1st of January 2007 are to be taxed with a rate of 16% of the amount of such incomes.
(3) The computation, withholding, and remittance of the tax on incomes from investments, other than those provided in paragraph (1) and (2), are to be performed as follows:
a) in the case of gain from the transfer of the right of ownership to securities, other than social parts and securities in the case of closed companies, a tax rate of 16% shall apply, tax being a pre-payment in the account of the annual tax owed.
b) in the case of gain from the transfer of the right of ownership to securities, in the case of closed companies, and from the transfer of social parts, the obligation to compute, withhold and remit the tax lays with the acquirer. The computation and withholding of tax by the acquirer is to be made when the transaction is concluded, based on the contract between the parties. The tax is to be determined by applying the 16% tax rate to the gain, for each transaction, this tax being final.
c) the gain from sale-purchase operations of foreign currency on deadline, based on a contract, as well as any other similar operations, other than the ones with financial instruments transacted on markets authorized or supervised by the National Commission of Securities, is to be taxed at 1% for each transaction, the withheld tax being a pre-payment in the account of the annual tax owed. The annual tax to be paid is determined by the taxpayer by applying the 16% tax rate to the annual net gain of each taxpayer, determined in accordance with art. 66, paragraph (7);
d) the taxable income obtained from liquidation of a legal person by shareholders/associates physical persons is to be taxed at 16%, the tax being final tax.
(4) Losses recorded from transaction with securities, other then social parts and securities in closed companies, incurred during fiscal year, shall be compensated at the end of fiscal year with the earnings of the same nature realized from trading securities, other then social parts and securities in closed companies, during that year. If after such compensation an annual loss is registered, it will be carried forward only to the next 7 year. Losses recorded from transactions with social parts and securities in closed companies are not recognized from fiscal point of view, are not compensated or carried over.