LAW NO. 99 OF 9 MAY 2017 CONCERNING THE RATIFICATION OF THE AGREEMENT BETWEEN ROMANIA AND THE REPUBLIC OF CHINA FOR THE ELIMINATION OF DOUBLE TAXATION WITH RESPECT TO TAXES ON INCOME AND PREVENTION OF TAX EVASION AND THE AVOIDANCE OF TAXES, SIGNED IN BUCHAREST ON 4 JULY 2016 (OFFICIAL GAZETTE 351/2017).

The Law ratifies the agreement between Romania and the Republic of China for the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and the avoidance of taxes, signed in Bucharest on 4 July 2016. The Agreement establishes a tax rate of 3% for revenues from dividends, interest or royalties obtained by a resident of a contracting State from the other contracting State.