Belize vs Romania

Companies in the oil industry: Subject to 25% income tax.
Most other businesses: Primarily subject to Business Tax levied on gross revenue / gross income, with common rates such as:

Other trading or businesses: 1.75%
Real estate income (rent, royalties, premiums, etc.): 3%
Professional / occupational income: 6%
Income from commissions, royalties, dividends, etc.: 15%
Financial institutions: 15%

16

Annual tax returns must be filed by March 31 of the subsequent tax year.

If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by March 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the third month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters.

Monthly business tax payments must be filed by the 15th day of each month, covering receipts for the previous month.

The final payment of CIT is usually due on the 25th of the third month after the end of the company's fiscal year.

Estimated tax payments follow the same monthly schedule as business tax payments.

Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters.

15/NA/NA

16/NA/NA

15/15/0

16/16/16

12.5%

21

Capital gains are constrained by the normal corporate income tax rate.

25%

14.41%

25%

6.41%