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Romania: Expenses eligible for enhanced deduction for companies listing shares on regulated market or multilateral trading facility

Order No. 804/2026 published on July 7, 2026

August 11, 2026

The Ministry of Finance on July 7, 2026, published Order No. 804/2026, establishing the categories of expenses eligible for the additional 50% tax deduction available to companies listing shares on a regulated market or multilateral trading facility.

The order covers advisory and intermediary services, regulatory and market-related fees, market operator charges, and other documented listing-related costs necessary for admission to and continued trading on the market.

The incentive applies from tax year 2026 and does not cover expenses financed through state aid or de minimis schemes supporting stock exchange listings.


For more information, contact a KPMG tax professional in Romania:

Vlad Craciun | vcraciun@kpmg.com

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