Tax

Emergency Ordinance 70/2020 on the regulation of certain measures starting with May 15, 2020

Measures adopted starting with May 15, 2020, in the context of the epidemiological situation determined by the spread of SARS-CoV 2 coronavirus: the granting of the unemployment indemnities provided by art. XI and art. XV of GEO no. 30/2020 is extended for the period between the termination of the state

The government has approved the tax amnesty proposed by the Ministry of Finance for interest, penalties and other accessories due to taxpayers who will pay the main arrears until December 15, 2020

The government is supporting the business environment affected by the Covid – 19 crisis, approving the tax amnesty for interest, penalties and other accessories owed by taxpayers. The measure aims to collect latest on 15th of December 2020 the outstanding budget obligations as at March31st, 2020, as well as budget

Submission of Declaration regarding the beneficial owner

For the year 2020, the companies incorporated before 21.07.2019, under the obligation of submitting the declaration upon beneficial owner according to law 129/2019, shall submit one declaration within 15 days from approval of balance sheet, that will cover both the obligation regulated in art 62 (1) of the above law

Law no. 19/2020 on granting parents free days for the supervision of children, in the situation of temporary closure of the educational establishments

Law no. 19/2020 published in the Official Gazette on March 14, 2020 provides for the granting of free days to one of the parents for the supervision of the children, in the situation of temporary closure of the schools where they are enrolled, as a result of the extreme situations

Chamber of Deputies adopted the draft law for the increase of the nominal value of the meal vouchers from 15.18 lei, to 20 lei

The draft law amends art. 14 of Law no. 165/2018 regarding the value tickets: “Art.14.- The nominal value of a meal ticket may not exceed the amount of 20 lei at the date of application of the provisions of this law.” Companies, as well as other individuals and legal persons

Romania 2020: split VAT cancelled

Starting from 1st of February 2020, Romania will eliminate VAT Split. The Emergency Ordinance 78/2019 repeals the Government Ordinance 23/2017 stipulating VAT split system. This measure required customers to pay the VAT amount of vendor’s invoices into a special and restricted bank account. This procedure created a major administrative burden

Newsletter regarding the modification of part-time contract contributions, effective January 1, 2020

Law 263/2019 – published in the Official Gazette no 1054 of December 30, 2019, part I – eliminates the provision introduced in 2017, whereby wages for part-time employment contracts (<8h / day) were taxed at least at the minimum wage value on economy’s level. Starting with January 1, 2020, part-time

Government Decision no. 935/2019 on the establishment of the minimum gross base salary guaranteed for payment at national level

According to Government Decision no. 935 / 13.12.2019 published in the Official, starting from January 1 st 2020 the minimum gross base salary guaranteed for payment at national level will be: ➢ from LEI 2.080 lei to LEI 2.230 for an average full-time schedule of 167,333 hours/month, 13,327 LEI/hour ;

New EU obligation of tax transparency

If cross-border arrangements lead to tax benefits without substance of economic benefits, these will become cross-borders to be reported. Some Examples: acquisition of companies with tax losses; ownership in companies from jurisdictions not exchanging information; lack of economic substance of subsidiaries-lack of staff, equipment, assets, premises; transfer intangibles difficult to

ANAF – Enforcement of the amounts due to the debtors

Dear Partner, Willing to act proactively and to support you permanently, we bring you awareness to the fact that the National Agency for Fiscal Administration, has the right to enforce by confiscation all and any amount of money representing income for the company, available in lei or foreign currency, securities or other intangible

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