Any Traders From Romania?

I was checking countries with low income tax and I discovered that Romania charges only 10% on capital gains, I am still not sure if it applies to trading profits - usually trading profits have a lower taxation due to the high risk nature of the business.

It makes it a good place to live if you are a trader (while you don´t have 500K to move to Monaco and get a residency visa and be income tax FREE)


But I would love to hear from a romanian trader how much tax he pays over his trading profits.

Best regards

Wow didn´t know Romania didn´t have traders.

Bună, nu există niciun trader aici din român, cred că ai un forum greșit

Not Romanian but Bulgarian here. I think the tax situation here is the same as Romania but it`s not only 10% on capital gains. It`s a bit more complicated.

I can´t find information about trading taxation in Romania. Only that income tax is 10% flat rate.

So, given that trading profits have lower taxation than income from a traditional/regular job, maybe it´s even lower.

I was able to find this:

https://taxsummaries.pwc.com/romania...-determination

Would have to ask a Romanian accountant about that, because you could fit the Forex trading profits as gambling profits, it would be a 1% tax if you don´t exceed US$100.000,00 . So if you transfer from trading account to bank account in batches of US$100.000,00, you could go around that limitation.

"Income from prizes

Income from gambling
Income from gambling activities is taxed at source at 1% for each gross income up to RON 66,750, inclusively, received by a participant from an organiser of gambling activities. If the income exceeds RON 66,750, up to RON 445,000 inclusively, the income is taxed at a fixed amount of RON 667.50 plus 16% on the amount exceeding RON 66,750. If the income is above RON 445,000, the income is taxed at a fixed amount of RON 61,187.50 plus 25% on the amount exceeding RON 445,000."

OR it can even be tax free if you can fit in "foreign salary" category:


Non-taxable income
In the categories of non-taxable income, among others, the following types of income are included:

 

1. Salary income obtained from a foreign employer for employment activities rendered abroad, irrespective of the tax treatment applicable to the income in the respective foreign country.

And lastly, they might fit in the dividend income category:


"Dividend income

Dividend income is subject to a 5% income tax rate."

Here in Bulgaria is almost the same but with 2 different rates - 10% for under 3 trades annually and 15% for more than that. That`s what i know but definitely want to observe it more and find the hole in the system. Do you know something about the offshore practices?