Modifications to the fiscal laws, tax on income from farming activities

Emergency Government Ordinance no 40/2014 to amend certain laws, as well as regulating certain fiscal measures was published into Official Gazette no 455/23.06.2014 Main amendments: Regulation granting installment payment Claims established by other authorities may be rescheduled and sent to recovery to ANAF. Fiscal authority shall release guarantees in case of taxpayer requesting warranty...

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Changes to the Fiscal Code – income tax exemption for reinvested profit

Emergency Government Ordinance no 19/2014 to amend Fiscal Code, was published into Official Gazette no 308/25.04.2014 Main amendments: Tax exempted profit can be invested in technological equipment – machineries and working equipment - as provided in subgroup 2.1 of the Catalog on classification and useful life of fixed assets, used for business...

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Tax alert – modifications to the Fiscal Code

Minister of Public Finances Order no 77/2014 to amend Methodological Norms for application of the Fiscal Code, was published into Official Gazette no 108/12.02.2014 The main provisions are: Corporate tax Expenses representing receivable losses, recorded as a result of adjusting receivables taken over by assignment from their nominal value to the acquisition cost,...

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Ordinance 8/2013 to modify the Fiscal Code

Minister of Public Finances Order no 35/2014 to amend Order no. 262/2007 for the approval of taxpayers registration forms, was published into Official Gazette no 36/16.01.2014 Order amends Form 010 “Statement of tax registration / Statement of specifications for legal entities, associations and other entities without legal personality". The main amendment is...

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Updates to VAT statement 394

Minister of Public Finances Order no 2986//2013 to amend point 1 of Appendix no 2 to ANAF Order no. 3.596/2011 regarding declaration of deliveries and acquisitions made on national territory by persons registered for VAT, was published into Official Gazette no 582/13.09.2013 (Return 394) In return 394, the tax receipts qualified...

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