Tax advisory services | Nestor Nestor Diculescu Kingston Petersen | Attorneys & Counselors

Sep 2021

NNDKP CELF Alert no. 1/2021 – SAF-T, a first step in the modernization of the tax audit procedure

14.09.2021 – By GEO 11/2021, it was enacted the use of the standard audit file for tax (D406 Informative Declaration), which will contain accounting data automatically extracted from the taxpayers’ accounting systems that is relevant for tax audits. Thus, an international standard direct reporting system is established, through which the taxpayers will submit tax reports, VAT reports to the fiscal authorities.

Sep 2021

Tax Flash no.4/2021 – Ordinance no. 8/2021 regarding the amendment and completion of Law no. 227/2015 regarding the Fiscal Code and Ordinance no. 11/2021 regarding the amendment and completion of Law no. 207/2015 regarding the Fiscal Procedure Code were published in Official Gazette no. 832

01.09.2021 – Ordinance no. 8/2021 regarding the amendment and completion of Law no. 227/2015 regarding the Fiscal Code and Ordinance no. 11/2021 regarding the amendment and completion of Law no. 207/2015 regarding the Fiscal Procedure Code were published in Official Gazette no. 832

Aug 2021

Which are the most important fiscal updates that property investors in Romania need to be aware of in 2021?

Published in Real Estate Guide 2021 by Business Review

Apr 2021

Tax Flash no.3/2021 – Emergency Ordinance no. 19/2021 regarding certain fiscal measures, as well as for amending and completing normative acts within fiscal field

01.04.2021 – Emergency Ordinance no. 19/2021 regarding certain fiscal measures, as well as for amending and completing normative acts within fiscal field was published in Official Gazette no. 315

Mar 2021

Tax Flash no.2/2021 – The amendment and completion of the Fiscal Code and the Accounting Law

10.03.2021 – Emergency Ordinance no. 13/2021 amending and supplementing Law no. 227/2015 on the Fiscal Code and the Accounting Law no. 82/1991 was published in Official Gazette 197/2021

Jan 2021

Tax Flash no.1/2021 – The amendment and completion of certain normative acts and the extension of certain deadlines

14.01.2021 – Emergency Ordinance no.226/2020 regarding certain fiscal-budgetary measures and amending and supplementing certain normative acts and extending certain deadlines was published in Official Gazette 1332/2020

Dec 2020

Tax Flash no.20/2020 – The publication of the laws amending the Fiscal Code and the Fiscal Procedure Code

22.12.2020

Nov 2020

Tax Flash no.19/2020 – The amendment of the Fiscal Code and of the Fiscal Procedure Code

27.11.2020 – Two draft laws amending the Fiscal Code and the Fiscal Procedure Code were adopted by the Chamber of Deputies

Nov 2020

Tax Flash no.18/2020 – The increase of the value of residences for which a 5% VAT rate is applied

16.11.2020 – Law no.248/ for the amendment of art. 291 of Law no. 227/2015 regarding the Fiscal Code was published in Official Gazette 1079/2020

Nov 2020

NNDKP CELF Alert no. 4/2020 – Deductibility of VAT – Recent Decisions (Ordinances) of the European Court of Justice (“ECJ”) in Contradiction with the Tax Practices in Romania

16.11.2020 –ECJ confirms that the deductibility of VAT cannot be refused due to reasons related to the necessity of the acquisition or fiscal fraud committed by other taxable persons in the supply chain