Tax

International road transport of goods has been brought within the scope of RO e-Transport obligations

Through Emergency Ordinance no. 115/2023, the international road transport of goods has been brought within the scope of RO e-Transport obligations. This measure extends responsibilities not only to customs operations of import-export but also to intracommunity movements (acquisitions and intracommunity deliveries). Thus, economic operators must comply with both existing obligations

Changes regarding Health Insurance Contributions for Medical Leave

As of April 12, 2024, Government Emergency Ordinance 34/2024 has come into force, bringing significant changes regarding the obligation to pay Health Insurance Contributions (HIC) for medical leave, in accordance with the provisions of Government Emergency Ordinance 158/2005. According to the provisions of Government Emergency Ordinance 34/2024, it has been

ANAF Order 1996/2023 – Adapting Romanian tax legislation to the digital economy

In a significant development, the Romanian National Agency for Fiscal Administration (ANAF) has issued Order 1996/2023, aimed at aligning the country's tax regulations with the digital economy. This order introduces Form F7000, specifically designed for online platform operators, to facilitate tax compliance in accordance with Government Ordinance 16/2023 and the

New regulations introduced by Emergency Ordinance 115 – Individual taxation

In the context of recent legislative changes, significant modifications are made regarding the application of income tax exemption. The new rules cover various aspects, including salary income, the value of subscriptions, and various benefits granted by employers to their employees. Below, we will detail the main changes and their implications.

Significant Changes in Taxation Policies for Microenterprises

Notable amendments have been introduced, particularly impacting microenterprises across various sectors. Here are the key updates: Revised Tax Rates for Microenterprises: The taxation landscape for microenterprises has undergone significant changes, affecting businesses in different economic sectors. The 1% tax rate remains applicable solely to companies with revenues below 60,000 Euros.

Significant Changes in Fiscal Policies – Profit Tax Updates 2024

The recent fiscal policy changes for the year 2024, bringing important updates to the profit tax, highlights the followings: Adjustments of Fiscal Loss Recovery: Starting from the fiscal year 2024, the period for recovering fiscal losses is reduced to the next 5 years, with the possibility to recover only 70%

Newsletter: Major Changes in Salary Tax Calculation Adopted by the Romanian Government through OUG no. 115/2023

We would like to bring to your attention significant changes in salary tax calculation recently adopted by the Romanian Government through Emergency Ordinance (OUG) no. 115/2023, published in the Official Gazette, series 1139/15.12.2023. These changes will come into effect from January 1, 2024, impacting various aspects of employee benefits. Key

Obligation of the e-Invoice system

Following the draft legislative changes recently published by the Ministry of Finance, it was introduced the mandatory obligation of the e-Invoice system applied to all taxable persons carrying out activity on the territory of Romania. Thus, we would like to inform you that starting from January 1, 2024, your company

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

Tax

Newsletter

Recent posts