Pension abroad, a difficult choice. Yet many people choose a country with subsidized tax regimes. Romania is an example of this.
Not just Portugal. In a period in which there is talk of the creation of a free region (Calabria) to enjoy one’s pension without incurring mammoth taxation, the discussions relating to pensions to be spent abroad also remain open. In this sense, there are several countries, including in the European Union, that allow you to spend your retirement period without feeling burdened by a taxation system that is too heavy. Portugal is an example of this, so much so that the League itself, in proposing Calabria as a tax-soft region, had spoken of the Lusitanian model.
However, the language of reduced taxes is also spoken in the East. Romania, for example, is one of those countries where pension taxes are less heavy, both for businesses and individuals. Not only retirees who end their work, therefore, but also companies that transfer their business to benefit from a subsidized tax regime. The attraction is one of the important ones: for individuals, a flat tax of 16% is applied, while for retirees the rate reaches 10%. A third compared to the Italian one.
How to move the pension in Romania: the procedures
Of course, moving your residence abroad is a time-consuming procedure. Not only in terms of affection and habit (you still have to leave your country and learn a new language) but also in bureaucratic terms. Registration in the Register of Italians residing abroad (Aire), for example, it is indispensable. In addition to this, it will be necessary to spend at least 186 days a year in the chosen country (in this case Romania), in order to demonstrate that the tax ties with the one of origin have definitively ceased.
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The Revenue Agency will also take action to carry out the necessary checks when moving the residence abroad. Also to ensure that there are no problems of false residence or of any other nature, aimed at avoiding tax policies. Practically, if you really want to emigrate abroad to enjoy retirement, it is good to understand that ties with one’s own country must be reduced to a minimum, at least only in terms of affectivity. Everything else will be subject to control and this applies to all transfers to other countries. Romania included.
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