The ordinance brings a significant novelty: the extension of tax facilities for research and development (RD) also to companies that have become obliged to pay the minimum turnover tax (MTO)

Companies operating commercial vending machines risk, starting in October, significant fines and additional sanctions if they do not equip these machines with electronic tax cash registers

Multinational companies with a presence in Romania, have the obligation to publish a detailed report on the profit tax paid in each member state of the EU

The Ministry of Finance published a press release explaining precisely that the deadline for submitting invoices in the RO e-Invoice system is five calendar days from the date of the invoice

The digital transition has been, in recent decades, a catalytic force for economic, social and cultural changes at global level

ANAF recently published the order approving the model and content of the “RO e-TVA Compliance Notification” form

A simple post on a social network has no real value, from the perspective of the taxpayers’ relationship with the MF and the ANAF

ANAF has published the official form for the pre-completed e-TVA return, which will be implemented starting August 1, 2024

The e-Transport system has, since July, a new application procedure, the old one being removed and completely replaced

The National Fiscal Administration Agency has published on its website the new nominal lists of large and medium taxpayers, valid from July 1

A few days after the regulation of the new VAT system, the Ministry of Finance nuanced and completed the legal provisions so that the system is easier for companies to manage

What impact do all the overnight announced tax changes have on business?

The last major deadline in the calendar for the implementation of the standard tax control file (SAF-T), which targets small taxpayers, is fast approaching

As July 1, 2024 approaches, companies in Romania must prepare for a series of significant changes related to the e-Factura, e-Transport and e-TVA system

Companies paying corporate income tax must report and pay their taxes for the tax year 2023 by June 25 at the latest

Starting June 1, companies must be extremely careful about the new e-invoicing obligations, as the penalty-free grace period ended on May 31

Companies that have not respected the legal deadline of May 29 for the submission of annual financial statements risk fines that vary from several hundred to several thousand lei

In a global economic context marked by the intensification of efforts to combat tax evasion, Law no. 126/2024, introduces new measures aimed at strengthening the capacity of the Romanian tax authorities to react to such practices by companies

The authorities have again modified the legal operating framework of the national e-Transport system, this time through an already applicable emergency ordinance

Starting with May, 2024, companies must use a new model of the 112 form, after the National Tax Administration Agency updated the model form and its filling instructions

One of the major proposals of the World Bank for the reform of the tax system in Romania is a balancing of the taxation of wage incomes with the taxation of independent incomes

The grace period for e-Invoicing was extended until the end of May

The first CESOP reports, which must be sent to the tax authorities by the end of this month, will be made by the payment processors for the last hundred meters

The Romanian authorities have launched a simplified application for issuing electronic invoices in XML format for micro-enterprises

More than 1,000 large companies will be tax reclassified, to be moved to the category of medium taxpayers starting from July 1

One of the conditions for the application of tax facilities in construction and the agri-food area is the share of the turnover from the activities specified in the Fiscal Code in the total turnover

ANAF aligns with global tax administration trends and introduces for the first time in Romania a new mechanism to increase the degree of voluntary compliance – horizontal monitoring

The fiscal policy regarding corporate income tax payers has changed substantially since this year, with important changes being introduced to the recovery of fiscal losses or the deductibility of some expenses

For all companies that have a general obligation to make SAF-T reports, the year 2024 also brings an additional obligation, which will have to be solved for the first time by most of them: the transmission of asset reports through the standard fiscal control file (Standard Audit File for Tax)

In the last weeks, the authorities have changed the framework for using the national electronic invoicing system several times

The tax changes issued at the end of last year by the Executive have brought changes on several levels, one of them being the tax facilities for sponsorships to NGOs

The Ministry of Finance has published the rules for submitting the annual financial statements for 2023

The authorities have approved the rules for the implementation of the e-Seal, the new national system designed to ensure the traceability of road transport of goods with customs or fiscal risk in Romania

The obligation to monitor road transport through the e-Transport IT system was extended at the end of last year

The document through which tax inspectors can verify the correctness of pricing for intra-group transactions is called the transfer pricing file

The legal framework for the implementation of DAC-7 was recently completed, after ANAF also published the form

The beginning of 2024 brings important changes in the tax legislation governing micro-enterprises

Form 112 has been amended by ANAF to reflect the new taxation rules to be applied from November to the taxation of salaries in IT, construction and the agri-food sector

Cabot Transfer Pricing wins an appeal against a 1 million lei tax decision received by a furniture manufacturer

The European Commission has proposed a new legislative framework for the harmonization of transfer pricing rules within the European Union

The monitoring of road transport will be done through an additional system, which will work in parallel with e-Transport

Starting from January 1, 2024, all companies in Romania will have to align themselves to a new tax administration standard: the electronic reporting of all invoices through the RO e-Factura system

The Ministry of Finance supplemented the general accounting regulations, as well as those aimed at non-profit organizations, through a recently published order

The Ministry of Finance has published an order updating the rules for the use and completion of the payment order for the State Treasury

The Romanian Customs Authority (AVR) recently published a new methodology for registration for customs purposes

The National Fiscal Administration Agency is moving forward with the secondary legislation necessary for the application of the European DAC-7 directive

Tax offset is a process that allows companies to balance their tax liabilities with their claims to the state, bringing substantial cash-flow benefits for companies

ANAF has regulated a procedure necessary for companies that, after sponsoring within the maximum limit to which they are entitled, find that they must reduce their profit tax or microenterprise income tax

Timely filing of accounting reports is not only a responsibility but also a legal obligation for companies

The VAT return has recently been updated by the tax authority, and companies must submit the new model of the Form 300 starting with the related operations in August

One of the many tax measures established last summer is that certain employer-provided benefits have preferential tax treatment only if, in total, they do not exceed a monthly ceiling of 33% of the basic salary

ANAF has modernized its approach to fiscal controls and aligned it with international trends

A recently published law that has already entered into force clarifies the obligation to declare road transports of risky goods

The Council of the European Union published in the Official Journal of the EU the Decision authorizing Romania to apply electronic invoicing at the national level for all invoices issued in B2B relations between taxable persons established on the national territory

Issued with a delay of almost two months, the procedure for applying the tax amnesty for gift vouchers has been published

The approximately 15,000 companies classified as medium taxpayers enter the last hundred meters with the implementation of SAF-T

A new type of tax reporting will enter into force starting in 2024, according to a European directive that is still waiting to be transposed into Romanian legislation

Toate companiile încadrate la categoria contribuabililor mari trebuie să își pregătească anual dosarul de prețuri de transfer

Cu rol mai degrabă punitiv până acum, inspecția fiscală a primit mai nou în procedura sa de derulare un pas premergător

ANAF a publicat o nouă procedură obligatorie de comunicare cu băncile prin aplicaţia e-Popriri, aplicabilă din 1 octombrie