Inter-alia the main amendments to the Tax Code, include the following: The beginning of the taxable period in the case of foreign legal entities resident in Romania takes place together with the moment of registration at the fiscal organ of the place of effective management in Romania; Clarifications on the tax...
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...
The law provides that employees are entitled to one day off for each dose of COVID-19 vaccine. The day off may be requested on a day other than the day on which the employee was actually given the dose of vaccine. The document based on which the day off is...
The order stipulates that in the first stage the medical leave can be granted only for four calendar days, in case the certificate is granted by the family doctor or maximum 15 days if it is offered by a specialized doctor. Family doctors will be able to grant cumulative medical...
Foreign legal entities that have the effective management in Romania must fill in, by June 30, 2021, a questionnaire based on which the tax authorities will establish the tax residence. The questionnaire must be sent with a number of other documents. More precisely, according to Law no. 296/2020, inter-alia, the...
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...
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...
In the content of the order, the phrase “ceiling of RON 2.250.000” was modified with reference to “the ceiling provided in art. 282 of the Tax Code” respectively RON 4,500,000. The taxable person who chooses to apply the VAT collection system starting with the date of registration for VAT purposes...
Rule to modify the Tax Code was approved and includes the followings: Turkey is no longer listed as non-cooperating country and implicitly the expenses generated by transactions with Turkey are deductible (starting with January 1, 2021); The turnover generated from the construction activity, relevant to apply the tax incentives for constructors,...
The registration for VAT purposes of the taxpayers with the headquarters of the economic activity in Romania, if they carry out or intend to carry out taxable operations, is done in the following situations: before carrying out the operations, if the taxpayer declares that he is going to achieve a...
