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  • Tag: Tax

    Decision No. 17 / 05.10.2015 of the ICCJ, on the amounts due for defendants convicted of tax evasion

    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 […]

    From 1st of January 2016 the tax for certain micro enterprises will drop to 1%

    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% […]

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    CJEU: The Romanian State cannot exempt from the tax vehicles already registered and in respect of which a tax previously in force but found to be incompatible with EU law has been paid

    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 […]

    laptop lawyer property law

    The High Court of Cassation and Justice decided that the VAT deduction cannot be made if the invoice does not fulfill all of the form conditions

    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, […]

    The most important changes of the Fiscal Code starting with January 2015

    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 […]