Tax Flash No. 01/2013
Order 1950/2012 approving the template and content of the fiscal forms used for the declaration of taxes and duties subject to self-assessment or withholding regime was published in Official Gazette 887/2012
The Order approves the new template, content and filling in instructions of the following forms:
- Form 100 “Statement regarding the payment obligations towards the state budget”;
- Form 101 “Statement regarding the profits tax”;
- Form 104 “Statement regarding the distribution of revenues and expenses between associates”;
- Form 120 “ Excise duties return”;
- Form 130 “Return regarding the tax on crude oil from domestic production”.
Among the main amendments and completions brought by the Order, we mention the following:
- the Order introduces the possibility of reporting the anticipated profits tax payments by the legal persons who opt for this system;
- new provisions are introduced concerning the settlement of the annual profits tax due by the taxpayers mentioned at art. 13 letter c) and e) of the Fiscal Code, in respect of activities carried out through associations;
- the royalties derived from concession contracts, leasing or other agricultural land exploitation contracts shall be declared via Form 100;
- additional sections are introduced in the template of Form 101 concerning the reporting of specific indicators applicable to taxpayers applying the International Financial Reporting Standards and of the losses transferred during reorganization operations.
The new forms 100 and 104 shall be used for the declaration of the taxes and duties due starting 1 January 2013, for the settlement of the annual profits tax due for the year 2012 in respect of activities carried out through associations by the taxpayers mentioned at art. 13 letter c) and e) of the Fiscal Code, as well as for the declaration of the royalties related to concession contracts, leasing or other agricultural land exploitation contracts due starting the IVth quarter of 2012.
Forms 101, 120 and 130 shall be used starting the declaration of the annual obligations related to the fiscal year 2012.
Decision 1309/2012 regarding the levels of the taxable values, local taxes and other similar taxes, as well as the fines applicable starting 2013 was published in Official Gazette 898/2012
The majority of local taxes, as well as the applicable fines, are increased by approximately 16%.
