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Romania: New “exit tax” provisions under tax avoidance rules

Romania: Exit tax provisions under tax avoidance rules

The Romanian government has adopted an ordinance (GEO 79/2017)—effective 1 January 2018—that amends the tax rules that are intended to address tax evasion. The ordinance introduces specific provisions for taxation in situations when taxpayers make transfers of assets or businesses to locations outside of Romania.


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The general anti-abuse rule aims to prevent a measure or series of measures undertaken for the purpose of obtaining a tax advantage contrary to the object or purpose of the tax provisions.


Read a November 2017 report (English and Romanian) [PDF 362 KB] prepared by the KPMG member firm in Romania

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