Finland vs Romania

20

16

Four months from the end of the accounting period.

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.

Taxpayers can apply to modify the prepayment of tax until the tax assessment is completed (within ten months from the end of the fiscal year). The deadline for the final CIT payment is the third day of the second month after the completion of the tax assessment for the current year.

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

The company's prepayment of taxes is collected in two installments or 12 installments during the tax year. If the total amount to be paid does not exceed 2000 euros, the installments will be due in the third and ninth months of the accounting period. If the total amount to be paid exceeds 2000 euros, the installments will be due monthly (on the 23rd of each month). The tax authorities can collect or increase prepayment of taxes without application within two months after the end of the fiscal year. The tax authorities may reduce or cancel prepayment of taxes (with or without the taxpayer's application) until the tax assessment is completed.

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

0/0/0

16/NA/NA

20/0/15

16/16/16

25.5

21

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

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

19.71%

14.41%

22.6%

6.41%