Order no 442/2016 regarding the value of transactions, deadlines for preparation, content and conditions to request the transfer pricing file and procedure to adjust/estimate transfer prices, was published into Official Gazette no 74/02.02.2016 The main provisions of the Order are: Large taxpayers who carry out transactions with affiliated parties with a total...
Government Decision no 1/2016 for approving Methodological Norms for the application of Law no. 227/2015 regarding the Fiscal Code, was published into Official Gazette no 22/13.01.2016. The main provisions of the Norms are: General provisions Provisions are made relating to the classification of an activity as independent. The criterion of personal freedom...
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 11/07.01.2016. The main provisions of the Order are: In Return 394 are also recorded besides regular invoices, advance invoices, "reverse charge" invoices or "VAT on receipt"...
Order no 3831/2015 approving the Procedure for the application of the provisions of OUG no. 44/2015 on granting of certain tax incentives, was published into Official Gazette no 874/23.11.2015 In our newsletter no 24 from 23 October 2015 we presented the main conditions to be fulfilled in order to benefit from...
OUG nr. 50/2015 amending and supplementing Law no. 227/2015 regarding the Fiscal Code and Law no. 207/2015 regarding the Fiscal Procedure Code, was published into Official Gazette no 817/03.11.2015 The main provisions are: Starting 1 January 2016, the dividend tax rate will be 5% of the gross dividend paid to a Romanian...
OUG nr. 44/2015 regarding the granting of tax incentives, was published into Official Gazette no 785/21.10.2015 The main provisions are: The late payment penalties and a share of 54.2% of interest, corresponding to principal payment obligations outstanding on 30 September 2015 is cancelled if the following conditions are met: - all the main...
Law no 227/2015 regarding the Fiscal Code, was published into Official Gazette no 688/10.09.2015. The main provisions are: Corporate tax Expenses incurred for economic activities are considered deductible expenses (currently only expenses incurred in order to obtain taxable incomes are deductible). It is simplified the calculation of protocol and legal reserve deductibility. It starts...
Government Ordinance nr. 40/2015 for amending Government Emergency Ordinance no. 9/2013 regarding environmental stamp for cars, was published into Official Gazette no 655/31.08.2015. The main provisions are: Taxpayers who paid the special tax, pollution tax for cars, or tax for gas emissions from cars, can request the refund of the tax by...
Order no 1966/2015 approving the model and content of Form (088) "Statement on own responsibility for the evaluation of the intent and capacity to perform economic activities involving VAT operations”, was published into Official Gazette no 580/03.08.2015 Under the new Form 088, starting 3 August 2015, taxable persons who request for...
Order no 835/2015 regarding the employment in the activity of creating software, was published into Official Gazette no 573/30.07.2015 The main provisions are as follows: Employees of entities whose object of activity includes the creation of software (CAEN code 5821, 5829, 6201, 6202, 6209), is exempt from salary tax if the following...
