Info Tax 2014

Tax exemption of reinvested profit
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InfoTax no. 47, April 2014 GEO no. 19/2014,modifying and completing the Fiscal Code, published in the Official Gazette no.308/25.04.2014, brings a new measure of tax relief with the purpose of stimulating investments – tax exemption of reinvested profit. We hereby detail upon the conditions of enforcing this exemption: – The exemption applies for the profit reinvested in technological equipment produced …

New amendments of the Fiscal Code and of the Fiscal Procedure Code
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InfoTax no. 46, March 2014 GEO no. 8/2014, published in the Official Gazette no. 151/28.02.2014, brings a series of amendments to the Fiscal Code and of the Fiscal Procedure Code with immediate application, out of which we hereby present you the most important. I. Profits tax – there are excluded from non-taxable incomes, incomes derived from sale/assignment of participating titles …

Amendments of the Methodological Norms for application of the Fiscal code
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InfoTax no. 45, February 2014 In the Official Gazette no. 108/12.02.2014 it was published the Government Decision no. 77/2014 amending and supplementing the Methodological Norms for application of the Fiscal code. We hereby present you the most important changes that are applicable from the date of publication of the GD. 1. Profits tax – Expenses representing losses from receivables, recorded …

Obligation of non-residents to register for tax purposes in Romania
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InfoTax no. 44, January 2014 In the past 2 years it has been intensively debated by the tax authorities and the business environment, the obligation of the non-residents to register for tax purposes in Romania due to their quality as tax payers “gained” as result of obtaining income from Romania. We mention that this tax registration was and is mandatory …

Amendments regarding accounting regulations
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InfoTax no. 43, January 2014 Order no. 2067/2013 published in the Official Journal no. 6/7.01.2014 brings two important amendments to the Accounting regulations pursuant to the CEE IVth Directive provided by Order no. 3055/2009, which are applicable starting with the annual financial statements for the financial year of 2013. A first change regards the accounting of green certificates. Under the …