The Ordinance amends both the minimum gross salary of RON 3,000 (without including bonuses, allowances and other additions) in the field of construction and the extension of the fields applying the provisions of the ordinance: • cement manufacture (CAEN code 2351); • manufacture of lime and plaster (CAEN code 2352); • Manufacture of...
This plan includes, inter-alia, the following actions: I. Simplifying Tax Administration Procedures to Support Voluntary Compliance: • reducing the number of forms and statements for legal entities, • reducing the frequency of submission of statements, • simplifying the Single Declaration, • electronic submission of all tax statements, • providing assistance at the initiative of the tax...
The Government Emergency Ordinance no. 31/2019 to amend the Fiscal Code stipulates the granting of tax incentives and the amendment of the Fiscal Code. Value Added Tax The VAT rate for the supply of high-quality food products will be subject to 5% VAT rate as of the 1st of June 2019. To benefit...
Starting with 01.06.2019, the VAT quota for food products recognized by the Ministry of Agriculture as being of high quality, mountainous, eco, traditional, decreases from 9% to 5%. The objective of this measure is to encourage the consumption of high quality food, in the context of the increase in the incidence...
Daca implicatiile fiscale imediate ale unui transfer de afacere sunt binecunoscute si avute in vedere de toate partile implicate, sunt situatii in care consecintele ulterioare ale unei astfel de tranzactii sunt neglijate sau insuficient analizate pe parcursul negocierilor sau al transferului efectiv. Astfel, din perspectiva TVA, daca se respecta criteriile de...
The number of foreign people choosing to settle in Romania is increasing, slowly but surely. Many authors or freelancers can ignore the poor road infrastructure as long as they have one of best internet connection in the world to deliver their services. Taxes may also be attractive in spite a...
The distance sales are taxable in the country of destination, except some categories of products. An exemption is also applicable when the total volume of sales is below a specific yearly threshold, if the seller did not already choose to apply the general rule. The distance sales threshold for Romania...
Starting with April 1st 2019 sponsoring companies may apply the specific tax incentives only if the beneficiary is enrolled in a dedicated Registry. In such circumstances ANAF have finally issued Order 819/2018 to open the Register of the entities for which tax deductions are allowed. The entities must submit an...
The Government extends the personal income tax return deadline until July 31, announced Prime Minister Viorica Dancila on Tuesday. The deadline for submitting 230 Form, whereby citizens can redirect 2% of their income tax to NGOs, was also extended to that date. A 5% bonus will be granted for full payment until...
The Order approves the template and content of the Statement “Sworn statement for registration for VAT purposes, according to art. 316 par. (1) letter c) of the Law no. 227/2015 regarding the Fiscal Code, with subsequent amendments and completions”. The statement is submitted through electronic means. The sworn statement with the handwritten signatures...
