Tax on investments
What the state takes from interest, dividends and gains on selling shares, in 2026.
What taxes apply to investments in 2026?
In Romania, dividends paid from 1 January 2026 are taxed at 16% (those paid on 2025 interim accounts stay at 10%), deposit interest at 10%, and income from government securities is untaxed.
Gains on selling shares depend on the intermediary. Through a broker resident in Romania or with a permanent establishment here, tax is withheld at source: 3% of the gain if you held the shares at least 365 days, 6% if less. Through a broker that does not withhold in Romania, you declare the year's net gain yourself in the single tax return and pay 16%.
Above a threshold, the 10% health contribution (CASS) is added, calculated on a fixed base of 6, 12 or 24 minimum wages, not on the whole income.
The rules changed twice in 2025 and may change again. The rules table on the main page has the date and source for each value.
A 1,000-lei gain on shares held two years, sold through a Romanian broker: 30 lei tax, withheld automatically.
How much tax do I pay on share gains in 2026?
3% if you held the shares at least 365 days and 6% if less, withheld by a broker that withholds in Romania. Otherwise 16% of the net annual gain, declared in the single tax return.
Which investments are not taxed?
Income from government securities such as Tezaur and Fidelis is not taxable. Your own Pillar III contributions come off the salary tax base, up to the equivalent of €400 a year.
Related terms
Sources
- BNR inflation target: 2.5% ± 1 percentage point · www.bnr.ro
- Law 141/2025 (dividends) · static.anaf.ro
- Law 239/2025 (capital gains) · static.anaf.ro
Checked on 27 September 2026. Rules and figures can change.
This page explains mechanisms and shows what happened in the past. It does not recommend products, say what to buy, or take your situation into account.