Info Tax 2013

New amendments of the Fiscal Code starting 1st of January 2014
Citeste varianta in limba romana

InfoTax no. 42, December 2013 GEO no. 111/18.12.2013, published in the Official Gazette no. 809/19.12.2013, brings 2 important amendments to the Fiscal Code, as regards the VAT and excise duties. I. VAT The VAT cash accounting system becomes optional starting 1st of January 2014, the legislator instituting the appropriate procedure for the transfer from the mandatory to the optional application …

Amendments regarding large taxpayers and accounting regulations
Citeste varianta in limba romana

InfoTax no. 41, November 2013 I. Amendments regarding the criteria for determining large and medium sized taxpayers Starting 1st of January 2014, according to Order no. 3581/2013 published in the Official Journal no. 728/26.11.2013, there will be classified as large taxpayers, the first 2,500 Romanian legal entities, selected in decreasing order based on the following criteria: – the amount of …

Amendments regarding the persons eligible to receive the certificate for deferred payment of VAT in customs
Citeste varianta in limba romana

InfoTax no. 40, November 2013 Order no. 1891/2013, published in the Official Journal no. 724/25.11.2013 expands the categories of persons eligible for receiving the certificate for deferred payment of VAT in customs, including amongst the beneficiaries: – taxable persons registered for VAT purposes in Romania and who have obtained the certificate of authorized economic operator; – taxable persons registered for …

Modifications to the Fiscal Code and of the minimum gross salary starting 1st of January 2014
Citeste varianta in limba romana

InfoTax no. 39, November 2013 Government Decision no. 871/14.11.2013, published in the Official Gazette no. 703/15.11.2013, reveals the increase of the national minimum gross salary in 2 consecutive steps, as follows: starting 1st of January 2014, from RON 800 to RON 850 and starting 1st of July 2014, from RON 850 to RON 900. Government Emergency Ordinance no. 102/14.11.2013, published …

ECJ has ruled on the right to be paid default interest on late refunds of VAT
Citeste varianta in limba romana

InfoTax no. 38, October 2013 In a recent case, the ECJ has held that a taxable person has the right to be paid default interest on late refunds of VAT by the tax authorities. Such right may be exercised both where the tax authorities simply ignore taxable persons’ refund applications, and, according to the decision of the ECJ, in respect …

New regulations regarding the declaration of fiscal receipts in D394
Citeste varianta in limba romana

InfoTax no. 37, September 2013 Order no. 2986/09.09.2013, as published in the Official Gazette no. 582/13.09.2013, officially settles the issue of declaration of the fiscal receipts fulfilling the condition of a simplified invoice (fiscal receipts having an individual value of maximum EUR 100, including VAT, and on which the supplier has mentioned, by means of the electronic cash register, the …

Addendums regarding the conditions for application of the domestic reverse charge procedure on sales of electricity
Citeste varianta in limba romana

InfoTax no. 36, September 2013 As stated in a previous article (InfoTax no. 35), Romania has introduced, starting 1st of September 2013, a domestic reverse charge procedure on the sales of electricity. Government Ordinance no. 28/2013, published in the Official Gazette no. 553/30.08.2013, brings certain addendums regarding the conditions for application of the domestic reverse charge procedure on sales of …

Romania introduces domestic reverse charge procedure on sales of electricity and green certificates, as well as excise duties on cars starting 1st of September 2013
Citeste varianta in limba romana

InfoTax no. 35, August 2013 According to GO no. 16/2013 for the modification of the Fiscal code, as published in the Official Gazette no. 490/02.08.2013, Romania will introduce, starting 1st of September, a domestic reverse charge procedure on the sales of electricity and green certificates. For the sake of clarity, the reverse charge procedure entitles the supplier not to charge …

ECJ has ruled on the right to deduct VAT on purchases for staff leased from another person
Citeste varianta in limba romana

InfoTax no. 34, July 2013 In a recent case involving acquisitions of goods and services carried out by a person (lessee) to whom staff is leased by another person (employer), the ECJ has held that the lessee, although not legal employer, should be recognised the right to deduct VAT on the respective acquisitions. Thus, the ECJ grounds its assessment on …

ECJ has ruled on the place of supply of storage services
Citeste varianta in limba romana

InfoTax no. 33, July 2013 In a recent case involving the storage of goods, including their handling in the warehouse, the ECJ has held that the storage of goods is the principal supply of a single complex service and must be regarded as taking place where the immovable property is situated if the right to use a specific part of …