Tax

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

The nominal value of the meal vouchers has increased to 30 lei starting from July 1st 2022

Starting from July 1st 2022, the nominal value of a meal voucher cannot exceed 30 lei, according to the Ordinance published in the Official Gazette no. 63 from June 22, 2022. Employers may additionally grant, in July 2022, meal vouchers with the value corresponding to the difference between the value

Tax incentives and minimum wages for agriculture and food industry

On May 17, 2022, Law 135/2022 was published in the Official Gazette, which introduced on June 1, 2022, the minimum gross base salary of 3.000 lei per month for employees in the agriculture and food industry, applicable for the period between June 1, 2022- December 31, 2028. The gross base

Tax exemption for reinvested profit

To optimize companies’ tax planning, we would like to present below the current treatment of the profit that a company can invest in purchasing fixed assets, benefiting from tax exemption. The reinvested profit in technological equipment, electronic computers, cars and devices, and software, including those bought based on financial

RO e-Transport system (GEO 41/2022)

The RO e-Transport System will enter into force on July 1st, 2022. The RO e-Transport system is a set of principles, rules, and IT applications aimed at monitoring the transport of goods with a high tax risk on the national territory, allowing competent authorities to determine potential diversions from or

Voluntary increase of the minimum gross wage with 200 lei / month

Published in GEO 67/2022 published in MO 494 / 18.05.2022 it applies between June 1st and December 31st, 2022; employers voluntarily increase the gross monthly basic salary from 2,550 lei to 2,750 lei for active employees by the additional act; for the new employees, the employment contract will be concluded directly

The nominal value of the meal vouchers has increased to 20.17 lei

Starting from April 2022, the nominal value of a meal voucher cannot exceed 20.17 lei, according to the Ordinance published in the Official Gazette on April 4, 2022. The nominal value of 12,17 lei applies for the first semester of 2022 and for the first 2 months of the second

Changes regarding the fiscal treatment of per-diem and canceling of some related tax liabilities

On the 3rd of April 2022, Law 72/2022 entered into force and introduced new amendments regarding per-diem: Same fiscal treatment for all types of per-diems; The second limit for the determination of non-taxable amounts; Cancellation of fiscal obligations regarding subsequently reclassified per-diems related to period 1st of July 2015 – 3rd

Treatment for the depreciation of commercial receivables

To optimize companies’ tax planning, we would like to present below the current treatment for the depreciation of commercial receivables that companies have the right to deduct from corporate income tax calculation if they comply with the provisions in force The companies have the right to create provisions for doubtful

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

The nominal value of the meal vouchers has increased to 30 lei starting from July 1st 2022

Tax incentives and minimum wages for agriculture and food industry

Tax exemption for reinvested profit

RO e-Transport system (GEO 41/2022)

Voluntary increase of the minimum gross wage with 200 lei / month

The nominal value of the meal vouchers has increased to 20.17 lei

Changes regarding the fiscal treatment of per-diem and canceling of some related tax liabilities

Treatment for the depreciation of commercial receivables

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