img

Partner - Taxation Services Leader

ERNST & YOUNG SRL




Tax alert, No. 29

2016-08-31

NAFA Order no. 2393/2016 for establishing the criteria for VAT registration, for approving the Procedure regarding the VAT registration according to art. 316 par. (12) letter e) from Law no. 227/2015 regarding the Fiscal Code of taxable persons, entities with their seat of economic activity in Romania, established according to Companies’ Law no. 31/1990, subject to registration at the Trade Registry and for approving the Procedure for ex-officio cancellation, of the registration for VAT purposes according to art. 316 par. (11) letter h) from Law no. 227/2015 regarding the Fiscal Code, of taxable persons, entities with the seat of economic activity in Romania, established according to Companies’ Law no. 31/1990, subject to registration at the Trade Registry, which do not justify the intention and capacity to make economic activities, which imply operations outside the VAT scope.

Legislative summary

2016-08-17

Corporate income tax - Approval of the Norms regarding the deductions for research-development expenses

Tax alert, no.25, July 2016

2016-08-01

Order of the Minister of Public Finances and of Minister of Agriculture and Rural Development no. 1.155 / 868 / 25 July 2016 for the application of the reduced VAT rate of 9% for the supply of fertilizers, seeds and other agricultural products intended for the sowing or planting, as well as for supplies of services, such as those specifically used in the agricultural sector, Official Gazette no. 572 / 28 July 2016

Tax alert, No. 24, July 2016

2016-07-26

The Directive, developed based on the OECD recommendations of 2015 regarding the fight against base erosion and profit shifting (BEPS), will apply to all taxpayers subject to corporate income tax in one or more Member States, including permanent establishments located in the EU of certain entities which are tax resident outside EU.

The new taxing rules for controlled foreign companies will significantly affect the activity of multinational groups in our country

2016-07-25

The Directive (EU) 2016/1164, adopted on July 12, 2016 will bring a number of novelties for taxation in Romania, the most important being the introduction of fiscal rules for controlled foreign companies.