Thus, since 1 January 2016, the quota up to 2%, representing the limit to which are deductible from the income tax the expenditure on gifts in money and in kind included in the category of social spending , will increase to 5%, consequently increasing the amount an employer can deduct. In the category of social […]
This Ordinance repealed the previous regulation regarding the fiscal record certificate, respectively Government Ordinance no. 75/2001 on the organization and functioning of the fiscal record certificate, bringing important changes to it. Tax record is a means of recording and tracking the compliance with fiscal discipline, accounting and financial by taxpayers, which keeps track of individuals, […]
The Law Project on the new Fiscal Code was sent for the second time to the Parliament, at the request made by the President of Romania, after the first adoption, by request for review. The request for review was endorsed by the Committee for Budget, Finance and Banks of the Chamber of Deputies, being introduced […]
In the sample of risk are included individuals with a fortune displayed significantly (real estate, luxury cars and other high value items, receivables from lending to companies and / or individuals, significant deposits in bank accounts in Romania or abroad, high personal expenses) unjustified by the declared income. According to the provisions of Chapter III […]
In the transitional and final provisions it is provided, inter alia, the exemption from the payment of extrajudicial stamps, for certificates, or other documents issued by the tax authorities, as well as the mention stating that failure to pay within the deadline the customs fees due, attracts the interdiction of performing customs operations until their […]
Through this Ordinance it was introduced a new article in the Fiscal Procedure Code, which provides the exemption from judicial stamp duties, notwithstanding the provisions of paragraph 1 of the Annex to Law no. 117/1999 on extra-judicial stamps for taxpayers who request the issuance of certificates, certifications or other documents of the National Agency for […]
One of the most important changes provided by the two codes is the one regarding lowering the VAT – from 24% to 19%, a provision that is to be applied starting with 2016. For now, it was not yet published the final form in which the Chamber of Deputies adopted the two codes, and also, […]
According to this law, individuals performing activities which product income, as defined by the Tax Code, and whose incomes are determined in real system, are bound to lead the accounting evidence based on simple entry accounting rules or, at their option, based on rules of double entry accounting in accordance with the accounting regulations issued […]
The court admitted the claim, noted the unfairness of the contractual clauses inserted in the loan agreement and absolute nullity of these clauses. It also ordered the removal of these clauses from the contract and also ordered the defendant to refund the amounts collected by way of management fee and processing fee, amounts updated until […]
The Government Emergency Ordinance No. 8/2015 on amending and supplementing Government Emergency Ordinance No. 28/1999 regarding the obligation of traders to use electronic cash machines are to be modified in order to eliminate the provisions relating to taxation of the tip and will be sent to the Senate for approval, entering the Senate plenary […]
