Insured persons have the right to leave and allowance for temporary incapacity of work, without fulfilling the condition related to the minimum contribution period in case of medical-surgical emergencies (e.g. tuberculosis, infectious diseases, AIDS, infectious diseases that require the measure of isolation). Allowances for temporary incapacity of work are borne as...
The Order approves the Accounting Reporting System on June 30, 2020 and establishes the deadline for submitting to the territorial units of the Ministry of Public Finance the date of September 30, 2020. According to the normative act, the accounting reporting system as of June 30, 2020 is applied by the...
Inter-alia the main changes we mention the following: • Taxpayers who purchase fiscal cash registers deduct the acquisition cost from the profit tax due for the quarter in which they were put into operation. The amounts that are not deducted from the profit tax are carried forward for the next 7...
Inter-alia the main changes we mention: • The documents for justifying the tax exemption will be available within a maximum of 150 calendar days from the date on which the tax-generating fact occurred for the operation in question. • Exemption for deliveries of goods shipped or transported outside the EU by the...
The procedure for canceling the accessories (interest and penalties) for debts to the public budget was approved I. Scope of application This procedure applies to budgetary obligations administered by the central fiscal body, including customs bodies. Budgetary obligations administered by the central fiscal body means the main fiscal obligations representing taxes, fees, social...
The main provisions brought by law are the following: • Increasing the threshold for debts based on which the insolvency is requested. The new threshold is RON 50,000 (the former threshold was RON 40,000); • The condition related to the fact that the request can be submitted by the debtor only if...
In the following we will analyze the forms of fiscal facilities regarding the extension of some terms published in the Official Gazette. On August 8, 2019, Government Ordinance no 6/2019 introducing tax relief measures The document regulates the restructuring of liabilities toward the state budget, which are higher than RON 1 million...
On July 2, 2020, the legislative proposal for amending Law 31/1990 on companies was published, which provides, among other changes, the elimination of restrictions on the sole shareholder. The changes will enter into force on July 5, 2020. The changes were aimed at accelerating the registration process of new companies and...
The document maintains the application of the following fiscal measures until October 25, 2020: • no interest and late payment penalties are calculated and are not due, according to the Fiscal Procedure Code, for the fiscal obligations that became due after March 21, 2020; • no interest and late payment penalties are...
Order no. 1107/2020 to approve the updated template of the Personal Income Tax Return is now published. The Return will soon be available on ANAF portal. The Return has been updated to allow the calculation of the 10% bonus from the due tax. The deadline for filing this year's Return has been...
