Tag: Tax
In case a Romanian legal entity pays the dividends to another Romanian legal entity, it is required to withhold, declare and pay tax on dividends to the state budget until the 25th of the month in which the dividends are paid. In case the dividends have not been paid by the end of the year […]
The Decision is to be published in the Official Gazette, at which point the judgment will become binding to all courts, eliminating, in this way, the uneven practice encountered so far. Fiscal Procedure Code defines tax claims as “property rights which, under the law, result from relations of material fiscal law”. In the amount of […]
So, the general quota of tax revenue for Micro enterprises will continue to be 3%, but, by exception: for Romanian legal entities new – incorporated having at least one employee, are incorporated for more than 48 months, their shareholders have not owned shareholdings in other legal entities will benefit from a tax rate of 1% […]
The dispute in Romania was founded on the complaint introduced by Mr. Manea, who requested the registration in Romania of a used vehicle which he bought in Spain. This vehicle belongs to category M1 vehicles and was registered as a new car in Spain in 2005. The Romanian competent authority conditioned the registration with payment […]
Thus, through the above-mentioned decision, the High Court of Cassation and Justice has determined that: “The VAT cannot be deducted, nor can the tax base required in determining the income tax cannot be diminished, in case the supporting documents presented do not contain or provide all the information provided by the legal provisions in force, […]
Under the Project, the most important changes concern: income tax, VAT, excise duties and other special charges, income from independent activities, financing of health spending and the extension of deadlines. Regarding the income tax, the Project provides inter alia: 1. Elimination from the Fiscal Code, for taxpayers who derive income from independent activities, rental and […]
