Romania – who can benefit from the lowest corporate tax in the EU?

Compyco25 Sep, 2020Business

Though the average corporate tax rate in the European Union is expected to reach 21.3% in 2020, there are many countries where global investors planning to set up a company in Europe can enjoy significantly lower corporate tax. For instance: • Malta offers a 6/7 refund scheme where shareholders are entitled to a refund of 6/7 of the total tax paid, upon receipt of a dividend from their Malta Company. • Hungary, Bulgaria, and Lithuania offer a low corporate tax of 9%, 10%, and 15% respectively.