Expat Community > Romania

Dan1966
Joined 2014
Posts: 7

Retiring in Romania

11 years ago

I am contemplating buying a vacation home in Transylvania and eventually, either retiring permanently, or just spending the summers there; haven't decided yet, I have another 5-6 years to decide. Do the Romanian laws allows the Government to tax my retirement income? I will be paying income taxes in the US and wonder if am being exposed to double taxation of my income which will be mainly 401k, Social Security and investment dividends. Also, how are the property taxes calculated? Anyone with knowledge of these issues is welcome to comment. Thank you kindly.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More