Romania Dividend Withholding Tax
Complete guide for international investors — rates, reclaim deadlines, and how the refund works.
Last updated 2026-06-15
Romania withholds 16.0% on dividends paid to non-resident investors. The treaty rate applies either up front through the payer or afterwards, when the payer regularizes the excess with ANAF — Agenția Națională de Administrare Fiscală under Art. 117 of the Fiscal Procedure Code using Form 110, refunding you directly. The payer must act within 5 years.
About Romania's Withholding Tax
Romania raised its non-resident dividend withholding tax from 10% to 16% on 1 January 2026 under Law 141/2025 — the rate has moved 16% (pre-2016) → 5% (2016) → 8% (2018) → 10% (2025) → 16% (2026). Unlike most countries on this list, the refund isn't filed by the investor: under Art. 117 of the Fiscal Procedure Code, the income payer — the withholding agent — regularizes any excess tax with ANAF using Form 110 and refunds the non-resident directly. Your part is supplying the payer with a certificate of tax residence for the dividend year.
Why there is no official Romania form for you to file
Romania's refund runs payer → ANAF — Agenția Națională de Administrare Fiscală, not investor → ANAF — Agenția Națională de Administrare Fiscală. The income payer regularizes any excess withholding under Art. 117 of the Fiscal Procedure Code using Form 110 and refunds you directly — so Tax Reclaim calculates exactly how much Romania over-withheld, and for the fallback case prepares cerere de restituire (Anexa 3 to OPANAF 63/2017).
If the payer no longer exists, you can claim directly from ANAF — Agenția Națională de Administrare Fiscală using the cerere de restituire (Anexa 3 to OPANAF 63/2017).
Reclaim by Investor Residence Country
How much investors from each country can reclaim from Romania's 16.0% withholding tax. Your payer applies the treaty rate directly — there is no separate page per residence country.
| Your residence country | Standard WHT | Treaty rate | Reclaimable |
|---|---|---|---|
| 🇮🇪Ireland | 16.0% | 3% | 13.0% |
| 🇪🇸Spain | 16.0% | 5% | 11.0% |
| 🇮🇹Italy | 16.0% | 5% | 11.0% |
| 🇫🇮Finland | 16.0% | 5% | 11.0% |
| 🇦🇹Austria | 16.0% | 5% | 11.0% |
| 🇺🇸United States | 16.0% | 10% | 6.0% |
| 🇫🇷France | 16.0% | 10% | 6.0% |
| 🇸🇪Sweden | 16.0% | 10% | 6.0% |
| 🇳🇴Norway | 16.0% | 10% | 6.0% |
| 🇯🇵Japan | 16.0% | 10% | 6.0% |
| 🇬🇧United Kingdom | 16.0% | 15% | 1.0% |
| 🇩🇪Germany | 16.0% | 15% | 1.0% |
| 🇳🇱Netherlands | 16.0% | 15% | 1.0% |
| 🇧🇪Belgium | 16.0% | 15% | 1.0% |
| 🇨🇭Switzerland | 16.0% | 15% | 1.0% |
| 🇩🇰Denmark | 16.0% | 15% | 1.0% |
| 🇵🇹Portugal | 16.0% | 15% | 1.0% |
| 🇵🇱Poland | 16.0% | 15% | 1.0% |
| 🇱🇺Luxembourg | 16.0% | 15% | 1.0% |
| 🇦🇺Australia | 16.0% | 15% | 1.0% |
| 🇨🇦Canada | 16.0% | 15% | 1.0% |
| 🇸🇬Singapore | 16.0% | 15% | 1.0% |
* Treaty rates shown are standard DTT dividend rates. Lower rates may apply to substantial shareholdings. Consult your tax advisor for your specific situation.
How the Romania withholding tax refund works
- 1
Confirm the tax withheld
Check your dividend voucher or broker statement — Romania should show 16.0% withheld at source.
- 2
Get a certificate of tax residence
Request a certificate of tax residence from your home country's tax authority for the year the dividend was paid.
- 3
Send it to the payer
Send the certificate to your broker or the paying company and ask them to apply the treaty rate at source, or to regularize the excess afterwards under Form 110.
- 4
If the payer no longer exists, claim directly
Submit the cerere de restituire (Anexa 3 to OPANAF 63/2017) to ANAF — Agenția Națională de Administrare Fiscală within 5 years. Tax Reclaim prepares this document for you.
Frequently asked questions
How much Romania dividend withholding tax can I reclaim?
Romania withholds 16.0%. Investors resident in tax-treaty countries can usually have the rate reduced to around 15% — about 1.0 percentage points — leaving 15% as final tax. Your exact treaty rate depends on your country of residence.
Who files the Romania withholding tax refund?
The income payer — the withholding agent — files it, not you. Under Art. 117 of the Fiscal Procedure Code, the payer regularizes any excess tax with ANAF — Agenția Națională de Administrare Fiscală using Form 110 and refunds you directly, within 5 years.
What happens if the payer no longer exists?
You can submit a direct claim to ANAF — Agenția Națională de Administrare Fiscală — the cerere de restituire (Anexa 3 to OPANAF 63/2017) — within 5 years of the payment. Tax Reclaim generates that document for you.
Do I need a certificate of tax residence?
Yes. Send a certificate of tax residence for the dividend year to the payer, not to ANAF — Agenția Națională de Administrare Fiscală directly — it's what lets the payer apply your treaty rate or process the refund.
See how much Romania withholding tax you're owed
Tax Reclaim calculates the exact amount over-withheld so you know what to ask your payer to refund — or, in the fallback case, the figure lands directly in the document Tax Reclaim prepares for you.
Calculate your refund — it's free