The micro-enterprises income taxpayers that carried out sponsorship activities must submit the declaration 107 about the beneficiaries of sponsorship up to the following deadlines: up to and including January 25 of the following year; up to and including the 25th of the month following the last quarter for which the tax on...
Tax ceilings EUR Exchange rate RON Micro enterprises 1,000,000 Exchange rate 31.12.2019 - 4.7793 RON/EUR 4,779,300 Switching from unpaid to paying VAT 88,500 3.3817 RON/EUR 300,000 Switching from VAT collection to normal VAT 2,250,000 Ceiling of intra-Community acquisitions of goods for non-VAT payers 10,000 3.3817 RON/EUR 34,000 VAT period (month or quarter) 100,000 The exchange rate 30.12.2019 valid for 31.12.2019 - 4.7785 RON/EUR 477,850 Ceiling independent activities - income standards 100,000 The average annual...
Submission of form 700 "Declaration for the registration / modification in electronic environment of the categories of declarative tax obligations registered in the fiscal vector" it will be submitted by the taxable persons registered for VAT purposes, which during the year 2019 used as the fiscal period the "calendar quarter" and...
The Government issued the Decision no. 935/2019 which regulates the minimum gross salary guaranteed for payment. The minimum gross wage will increase to 2,230 lei starting with January 1, 2020, compared to 2,080 lei as it was in 2019. NOTICE: The deadline for reporting in Revisal the gross minimum wage changes is...
Starting from January 2020 the VAT exemption for intercommunity sales will be regulated by EU Directive 2018/1910 amending Directive 2006/112 (VAT Directive) and by Implementing Regulation 2018/1912 The new conditions are: The goods are supplied to another taxable person, or to a non-taxable legal person acting as such in a Member State...
The Trade Registrar has published the form by which companies must declare their UBO’s. The obligation was introduced by Law 129/2019 and applies both to the companies to be registered (upon registration) and to the existing companies (within 12 months from the date of entry into force of the law,...
The Ministry of Finances issued Order no. 2810/2019 regulating the procedure to apply the debt restructuring methods. The procedure applies to companies/entities with a bad financial position and have overdue debts to the state budget equal or higher than RON 1 million at December 31st 2018. The restructuring may be done by...
The Government approves the Ordinance that will enable the taxpayers with outstanding budgetary debts at the end of 2018 to apply for a financial restructuring mechanism . Firms with budgetary debts of more than 1 million lei on 31.12.2018 will be able to obtain the payment scheduling, even the cancelation of...
The Law for preventing and combating money laundering and terrorist financing, which transposes the 4th Anti-Money Laundering Directive, Directive (EU) 2015/849, was published in the Romanian Official Gazette and came into force at July 21st 2019 - replacing the Law no. 656/2002. Among the most relevant regulations...
Half-yearly accounting reporting and news from Order 2493/2019 The Order approves the Accounting Reporting System for June 30, 2019 and establishes the deadline for submitting statements to the local ANAF units for August 14, 2019. The provisions of this regulation applies to economic operators that are subject to the Accounting Regulations...
