Tax Flash 2/2018 | Nestor Nestor Diculescu Kingston Petersen | Attorneys & Counselors

January 2018

Tax Flash No. 2/2018

Fiscal Updates

Law no. 29/2018 regarding the annulment of certain fiscal obligations was published in Official Gazette 52/2018

The differences of income tax and social contributions as well as the related late payment charges established (or that could have been established) through a reclassification into independent activity of transactions for which income tax on the transfer of real estate property from personal patrimony was due and the income was applied for tax periods up to June 1, 2017 are canceled or no tax assessment decisions shall be issued.
The VAT differences and the late payment charges established (or that could have been established) for tax periods prior to December 31, 2016 as a result of natural persons, authorized individuals, individual enterprises and family businesses based in Romania, having carried out agricultural production activities by methods other than industrial ones exceeding the exemption threshold of lei 220,000 are cancelled or no tax assessment decisions shall be issued.
The persons who paid the aforementioned tax obligations can request the refund of the paid amounts through a procedure to be published in the Official Gazette within 30 days.

Order no. 1168/2018 regarding the assignment of creating computer programs was published in Official Gazette 52/2018

In addition to the previous regulation (Order no. 409/2017), the current order mentions that the employees with a baccalaureate diploma who attend the courses of an accredited higher education institution and perform one of the activities specified within the Order shall also be exempt from income tax.

Order no. 3132/472/2017 amending Order of the ministry of public finance and the ministry of agriculture and rural development no. 1155/868/2016 regarding the application of the 9% reduced VAT rate for the supply of fertilizers and pesticides used in agriculture, seeds and other agricultural products for sowing and planting, as well as the supplies of services specific to the agriculture sector was published in Official Gazette 49/2018

The category of the goods and services specific to the agriculture sector for which the 9% reduced VAT rate is applicable was extended.

TagsAdina Vizoli, Alina Timofti, Lucian Barbu, Marius Ionescu, Silviu Badescu, Tax advisory services

Dec 2022

Tax Flash No. 6/2022 – Solidarity contribution in the oil and gas industry and amendments to the Tax Procedure Code approved by the Romanian Government

29.12.2022 – In its Meeting of 28 December 2022, the Romanian Government approved the solidarity contribution for the oil and gas industry, as well as a series of amendments to the Tax Procedure Code to implement the Romania’s National Recovery and Resilience Plan (“NRPP”) measures undertaken by ANAF
Dec 2022

Tax Flash No. 5/2022 – Law No. 370 for the approval of Government Ordinance No. 16/2022 was published in the Official Gazette

22.12.2022 – Law No. 370 for the approval of Government Ordinance No. 16/2022 amending and supplementing Law No. 227/2017 on the Tax Code, abrogating certain normative acts and other financial-fiscal measures was published in the Official Gazette no. 1228
Dec 2022

Tax Flash No. 4/2022 – The European Commission proposes the update of the VAT Directive – “VAT in the Digital Age” legislative package

13.12.2022 – The European Commission proposes the update of the VAT Directive – “VAT in the Digital Age” legislative package
Jul 2022

Tax Flash No. 3/2022 – Ordinance no. 16 amending and supplementing Law 227/2015 on the Fiscal Code, abrogating certain normative acts and other financial-fiscal measures

19.07.2022 – Ordinance no. 16 amending and supplementing Law 227/2015 on the Fiscal Code, abrogating certain normative acts and other financial-fiscal measures was published in Official Gazette no. 716
Feb 2022

Tax Flash No. 2/2022 – The organization and functioning of the Ministry of Public Finance and National Agency for Fiscal Administration – Adopted normative acts

21.02.2022 – Government Decision no. 238/2022 for the amendment and completion of Government Decision no. 34/2009 on the organization and functioning of the Ministry of Public Finance, as well as for the amendment and completion of Government Decision no. 520/2013 on the organization and functioning of the National Agency for Fiscal Administration
Feb 2022

Tax Flash No. 1/2022 – Ordinance no. 11/2022 for amending and completing normative acts, as well as for amending certain terms

11.02.2022 – Ordinance no. 11/2022 for amending and completing normative acts, as well as for amending certain terms was published in Official Gazette no. 97
Dec 2021

Tax Flash no.6/2021 – Emergency Ordinance no. 130/2021 regarding certain fiscal-budgetary measures, extension of terms, as well as for amending and completing normative acts

20.12.2021 – Emergency Ordinance no. 130/2021 regarding certain fiscal measures, extension of terms, as well as for amending and completing normative acts was published in Official Gazette no. 1202
Nov 2021

Tax Flash no.5/2021 – Emergency Ordinance no. 120/2021 regarding the administration, functioning and implementation of the national system regarding the electronic invoice in Romania

24.11.2021 – For the application of Emergency Ordinance no. 120/2021 regarding the administration, functioning and implementation of the national system regarding the electronic invoice in Romania, a series of normative acts have been published, as follows:

Tax Flash No. 2/2018

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