The facility of tax exemption on reinvested profits was extended indefinitely. Expenses for organizing and conducting technical education were added as deductible expenses. TVA rate is reduced from 20% to 19%. The obligation to register in the Register of Intra-community operators it was repealed. Minimum capital threshold for taxation of micro-enterprises was reduced from...
Law no. 218/2016 for the amending art. 3 paragraphs. (1) of Law no. 142/1998 regarding the granting of meal vouchers was published in the Official Gazette no. 931/18.11.2016. The law came into force on 1 December 2016. Employers that provide meal vouchers to employees can increase the value of these vouchers...
Emergency Ordinance no. 84/2016 amending certain acts in the financial field, was published into Official Gazette no 977/06.12.2016 The main provisions of the Emergency Ordinance amending Fiscal Code are: The "Stock Option Plan" Program can be applied by all companies, not just for those traded on the stock exchange. Taxable person which had...
Order no. 2994/2016 regarding the procedure for registration of contracts / documents concluded between Romanian legal entities, resident individuals and permanent establishments in Romania of foreign legal entities with foreign legal entities or non-resident individuals, was published into Official Gazette no 854/27.10.2016 Agreements / documents concluded by Romanian legal entities, resident...
Law no. 182/2016 approving Government Emergency Ordinance no. 44/2008 on economic activities performed by authorized individuals (freelancers), individual enterprises and family enterprises, was published into Official Gazette no 828/19.10.2016 The law enters into force 90 days after publication in the Official Gazette, namely on 17 January 2017. The Law defines certain terms...
Order no. 2393/2016 for establishing the criteria for VAT registration purposes, to approve the Procedure for VAT registration and to approve the Procedure for ex-officio cancellation of the registration for VAT purposes, was published into Official Gazette no 629/17.08.2016 Order no. 2393/2016 repeals Order no. 3840/2015 regarding the establishment of the...
Order no. 2264/2016 for amending ANAF Order no. 3769/2015 for declaring deliveries / supplies and acquisitions made by VAT registered persons on the national territory (D394), was published into Official Gazette no 578/29.07.2016 The provisions of the Order shall apply to operations carried out on national territory, as follows: a)for the period...
Order no. 2048/2016 for amending Order no. 3.841/2015 of ANAF President regarding the approval of the model and content of the form (088) ,,Statement on own responsibility concerning the evaluation of the intention and capacity to perform economic activities which involve operations in the field of VAT”, was published into...
Government Emergency Ordinance no. 32 / 28 June 2016 for amending Law no. 227/2015 regarding Fiscal Code and regulating of certain fiscal measures, was published into Official Gazette no 488/30.06.2016 The main provisions of the Order are: Income tax Starting August 2016, individuals earning salary income as a result of research and development...
Government Decision no. 159/2016 amending and supplementing the Methodological Norms of Law no. 227/2015 regarding the Fiscal Code, approved by Government Decision no. 1/2016, was published into Official Gazette no 208/21.03.2016 The main provisions of the Order are: Local taxes If the taxpayer submit to the local tax authorities a return to which...
