Tax

New accounts in the Chart of Accounts introduced by Order 2649

On September 28, 2023, the Romanian legislature adopted Order 2649, introducing a set of new accounts into the Chart of Accounts. These accounts include: Account 1496, "Losses resulting from company reorganizations, corresponding to the negative net assets of the absorbed company." Account 6121, "Expenses related to royalties." Account 6122, "Expenses

Daily allowance – ceiling modification

Starting with April 1st, 2023, by Order of the Minister of Finance, the amount of the delegation allowance regarding the rights and obligations of the staff of public authorities and institutions during the delegation and secondment to another locality, as well as in the case of travel in the interest

Law no. 227/2015 regarding the Fiscal Code – subscriptions for the use of sports facilities

In addition to the seven extra salary benefits included in the monthly ceiling of 33% of the basic salary corresponding to the job occupied or of the monthly wage granted according to the law, starting with February, the value of the subscriptions for the use of sports facilities is added.

Settlement of the expenses for the transport of the employees to and from the workplace

Law 227/2015 regarding the Fiscal Code provides, at the art. 76 para. (4), two situations when the amounts paid to the employees for the settlement of their transport to and from the workplace are not considered taxable revenues from salaries and assimilated to salaries, respectively: The employees reside in the

Changes regarding tax exemption for reinvested profit

Starting from the 1st of January 2023, it will apply the facility regarding tax exemption of reinvested profit to investments in fixed assets used in production and processing activity and in fixed assets representing refurbishment. The profit invested in machinery, fixed assets used in production and processing, and fixed assets

Amendment of the paternal leave law

According to GEO 117/2022, the duration of paternity leave is ten working days, to which five additional days are granted for employees who follow a childcare course. According to the above ordinance, the father may benefit from paternity leave for each newborn child, based on the certificate of graduation of

GEO 57/2022 – Regulations in the field of equal opportunities for the employees

To harmonize the EU Directive no. 1158 /2019 with the Romanian legislation, in the Official Gazette no. 431 of 3 May 2022 was published the Government Emergency Ordinance no. 57/2022 for the completion and amendment of Law no. 202/2002 on equal opportunities and treatment between women and men and the

New procedure for the authorization and operating the Representatives of non-resident companies in Romania

Under Government Ordinance 18/2022 entered into force on August 7th , a new procedure was established for the authorization and operating the Representatives of non-resident companies in Romania, procedure to become operational within a maximum of 180 days from the entry into force of the regulation. As a novelty, the entire

New rules applicable to micro-enterprises and changes to the dividend tax adopted by the Government by Ordinance no. 16/2022 – applicable from 1 January 2023

Micro-enterprises: The turnover threshold for applying the micro-enterprise income tax is changed from EUR 1.000.000 equivalent to EUR 500.000 equivalent in lei. This condition regarding the threshold must be fulfilled on 31.12.2022 for 2023. Suppose a company that pays micro-enterprise income exceeds the turnover threshold of EUR 500.000 during the

Taxation of part-time contracts – changes starting with August 1, 2022

According to GEO 16/2022, starting with August 2022, part-time employment contracts will be taxed at least at the level of the minimum gross salary per country of 2,550 lei, corresponding to the number of working days on which the contract has been active. The exceptions for which the increased amounts

New accounts in the Chart of Accounts introduced by Order 2649

Daily allowance – ceiling modification

Law no. 227/2015 regarding the Fiscal Code – subscriptions for the use of sports facilities

Settlement of the expenses for the transport of the employees to and from the workplace

Changes regarding tax exemption for reinvested profit

Amendment of the paternal leave law

GEO 57/2022 – Regulations in the field of equal opportunities for the employees

New procedure for the authorization and operating the Representatives of non-resident companies in Romania

New rules applicable to micro-enterprises and changes to the dividend tax adopted by the Government by Ordinance no. 16/2022 – applicable from 1 January 2023

Taxation of part-time contracts – changes starting with August 1, 2022

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