Order 12 which establishes the products with high fiscal risk, marketed as B2B, was published

The order regulates the products with high fiscal risk, marketed as B2B, for which exists an obligation to transmit the invoices issued in the national system regarding the electronic invoice (RO e-Invoice). The NAFA list includes the following products: • Alcoholic beverages; • New constructions; • Clothing / footwear; • Mineral products. The e-Invoice system...

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Changes in SAF-T reporting

Order 1783 which stipulates that the deadline for submitting the standard fiscal control file will benefit from a grace period for the first reports was published. The standard fiscal control file (SAF-T) is sent by taxpayers / payers through the Informative Declaration regarding the standard fiscal control file. Taxpayers / Payers...

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A new model 300 form has been approved

The content and model of form 300 “Value added tax return” have been updated. Taxable persons registered for VAT purposes who perform in the reporting period only operations within the country can choose to fill in the simplified return form, by checking the appropriate box in the assistance program provided...

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The statement regarding the ultimate beneficial owners is mandatory again as Law 101/2021 enters into force

The companies must submit the statement to the Trade Registrar as following: • Each year, within 15 days after the financial statements are submitted • Each time the UBO list is changed, within 15 days after such change occurs. • When a company is registered. The companies having only private shareholders are NO...

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The main fiscal measures brought by GEO 19

The main fiscal measures brought by GEO 19 are the following: The tax exemption applied to taxpayers obliged to pay the specific tax on certain activities is extended for a period of 90 days starting with April 1, 2021; The application of fiscal facilities for early education (recovery of an amount...

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