Romania shifts fiscal strategy toward expenditure-based tax credits

Romania is shifting its fiscal strategy from revenue-based tax exemptions and reductions toward expenditure-based incentives, such as tax credits and deductions. This transition follows the conclusion of National Recovery and Resilience Plan reforms and the implementation of the OECD Pillar 2 regarding global minimum taxation.

Under Emergency Ordinance 8/2026, new economic relaunch measures include a 10% tax credit for eligible research and development (R&D) expenditures and a 50% credit for companies listing on the stock exchange. Additionally, the measures introduce super-accelerated depreciation methods and deductions for individuals investing in the stock market.