15Jan

Fiscal ceilings 2020

Tax Alert
Tax ceilings EUR Exchange rate RON
Micro enterprises 1,000,000 Exchange rate 31.12.2019 – 4.7793 RON/EUR 4,779,300
Switching from unpaid to paying VAT 88,500 3.3817 RON/EUR 300,000
Switching from VAT collection to normal VAT 2,250,000
Ceiling of intra-Community acquisitions of goods for non-VAT payers 10,000 3.3817 RON/EUR 34,000
VAT period (month or quarter) 100,000 The exchange rate 30.12.2019 valid for 31.12.2019 – 4.7785 RON/EUR 477,850
Ceiling independent activities – income standards 100,000 The average annual exchange rate of BNR is used, at the end of 2019, 4.7773 RON/EUR 477,730
Distance selling threshold 35,000 3.3817 RON/EUR 118,000
Ceiling for electronic services 10,000 The exchange rate 05.12.2017 published by the European Central Bank is used, on the date of accession 4.6337 RON/EUR 46,337
Deductibility of the excess costs of the indebtedness for the year 2019 1,000,000 4.7793 RON/EUR 4,779,300

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