Order no. 284/2017 regarding approval of the Methodological Norms for the application of Law no. 227/2015 regarding the Fiscal Code was published in the Official Gazette no. 319/04.05.2017. The most important provisions provided by the Norms are as follows: Corporate tax The application of the tax exemption for reinvested profits in the acquisition...
Order no. 264/464/2017 regarding approval of the Methodological Norms for the application of Law no. 170/2016 on the tax specific to certain activities was published in the Official Gazette no. 266/14.04.2017. Romanian corporate taxpayers who have registered as main or secondary activity one of the activities corresponding to the CAEN Codes...
Order no. 8/2017 regarding approval of the thresholds for trading of green certificates and the value of each green certificate not acquired was published in the Official Gazette no. 118/13.02.2017. The trading price limits for green certificates market are as follows: a) minimum value: RON 133.0611/ green certificate (EUR 29.4559/ green certificate) b)...
Law no. 7/2017 regarding state social insurance budget for the year 2017 was published in the Official Gazette no. 128/02.17.2017. Starting 20 February 2017, the average gross salary used to substantiate state social insurance budget in 2017 will be increased by 450 lei to 3,131 lei. The average gross salary is important,...
ANAF Order no 605/2017 on establishment of the criteria for VAT registration was published in the Official Gazette no. 93/01.02.2017. Cancellation of the registration for VAT purposes is the date the decision to cancel the registration of VAT by the tax authority, where the taxpayer does not justify the intent and...
Order no. 3697/727/2016 approving the Procedure for exemption from payment of health insurance contribution (CASS) of individuals who have no standing contributor to the social health insurance system, and the model and content of form 603 "Affidavit for exemption from health insurance contribution "was published in OJ no. 65/26.01.2017. Individuals who...
Starting 1 February 2017, Order no. 3.841/2015 of ANAF President approving the model and content of the form (088) “Affidavit for assessing the intention and ability to carry out economic activities involving operations in the VAT field”, will be repealed (ANAF Order no 210/2017 published in OJ no 40/13.01.2017)
Starting 1 February 2017, software programmers will benefit from tax relief on income from salaries regardless of the value of income obtained by the employer in the creative activity of computer software (Order no. 872/5932/2284/2903/2016 on creation activity of computer software, published in Official Gazette no. 22 of January 9,...
Exemptions Taxpayers engaged exclusively in innovation, research and development are exempt from corporate tax in the first 10 years of activity. The provision applies from 01.06.2017 (date of publication OUG no 3/2017 in OJ). Microenterprise income tax All companies that on 31 December 2016 obtained incomes that did not exceed 500,000 euros (2,270,550...
Starting 1 February 2017 the gross minimum wage guaranteed to payment is modified. According to HG no. 1/2017 (Official Gazette no. 15/2017) minimum wage will increase to 1,450 lei from 1,250 lei as it is today.
