Have you returned to Romania but continue working for a foreign company?
Do you work for a foreign company after returning to Romania? Here’s what you need to know
Have you returned to Romania but kept your job in Germany, Italy, Spain, the UK, or elsewhere? You’re not alone. More and more Romanians are choosing to come back home and continue working remotely for employers abroad. 😇
Although flexibility is an important advantage, questions also arise regarding tax liabilitiesand fromrevenues collected from abroad.
What types of income can raise questions?
Besides salaries received from employers outside Romania, many Romanians in the diaspora also earn other types of income:
- pensions from abroad
- rental income
- freelance activities
- consulting services
- investments
- dividends
- earnings from trading certain financial assets
When you return to Romania, it is useful to understand if your tax status may affect how these incomes are treated. 📝
If the money arrives in an account in Romania, does it mean everything is settled? 🏦
Not necessarily. Many people believe that once income is credited to a bank account in Romania, all tax obligations have already been handled. 💭
In reality, the bank does not determine the tax regime applicable to each client and does not assess whether certain income must be declared.
What happens with income from freelancing?
If you provide online services for clients in other countries, work as a designer, programmer, consultant, or marketer, it's a good idea to learn about the rules that may apply to your situation.
Especially when the activity continues after relocating to Romania, it is important to understand how it is analyzed from a tax perspective.
But what about investments?
Many people who have lived abroad still hold investment accounts opened in other countries.
These may include:
- shares
- ETFs
- bonds
- investment funds
- other financial assets
The tax treatment of these incomes may depend on several factors and it is recommended to be analyzed individually.
Returning to Romania does not necessarily mean you have to give up the professional or financial activity you had abroad. However, it is good to know in advance the rules that may apply depending on your personal situation. 🌍
