How do we calculate the expense allowances in 2022?

As of May 1, 2022, new rules on diurns are introduced in Romania.

The Government has again extended the deadline for the submission of the single tax and contribution declaration for 2020 for the income of PFA and other independent individuals, copyright, rent, dividends and other taxpayers.

The new deadline for submitting the single declaration is 30 June 2020, as the Ministry of Finance informed. The deadline was initially May the 25^th.

Those who pay taxes and contributions for 2019 by 30 June will also benefit from reductions in the amount of income tax, social security contributions and health insurance contributions, due on the revenues achieved in 2019.

More specifically, the following:

The new Fiscal Code, adopted in September 2015, brings various of changes, applicable from different data. We will briefly describe below the changes that will be effetive starting with 2016.

Changes in the VAT 

Standard rate of VAT for all goods and services will be reduced from 24% to 19% in two steps: starting from 2016 from 24% to 20% and starting with the 1st of January 2017 will be reduced to 19%.

For the delivery of school textbooks, books, newspapers and magazines, except those intended exclusively or mainly for advertising as well as for the service consisting in allowing acces to the castles, museums, memorial houses, historical monuments, monuments of architecture and monuments of archeology, zoological and botanical gardens, fairs and exhibitions and cultural events, sporting events, cinemas, other than those without the right to deduction it will be applied the reduced rate of VAT to 5%.

Tax rate for the incomes of the micro-companies increased from 2.5% to 3% from the 1st of January 2009, according to art. 107 of the Fiscal Code.

In order to benefit of the advantage of the fiscal policy for micro-companies, companies which choose this option should meet on December 31st of the previous fiscal year, cumulative, conditions laid down in Article 103 of the Fiscal Code:

1. to achieve revenue, other than those of consulting and management, the proportion of over 50% of total revenues;
2. to have at least 1 employee and maximum 9 employees;
3. to make annual income not exceeding the equivalent in RON of 100,000 euros
4. the registered capital of the legal person to be detained by natural or legal persons other than the State, local authorities and public institutions.

Return to pay tax

According to the state social insurance law for the year 2008, no. 387/2007, contribution rates will change from the months of December this year. The new rates of contribution are as follows:

Beginning with 2008, and according to the article 160, 2nd paragraph from the Fiscal Code, with the further modifications and addings, the goods and the services for the delivery of which the simplification procedures regarding reverse taxation are applied include:

1. the offal’s and the secondary raw material, resulted from their capitalization, such as they are defined by the Government’s Urgent Disposition no 16/2001 regarding the administration of the recycling industrial offal’s, republished, with the further modifications.
2. the goods and/or the performed services by or for the persons for whom the insolvency procedure was started, excepting the goods furnished within the retail trade;
3. the wooden material, in agreement to the norm stipulations.

In accordance with the point 82 from the Methodological Stipulations:

The Official Gazette no 858/2007 published details regarding the procedure of registering of the contracts between Romanian legal entities and foreign legal entities or non resident persons.

This normative document repealed the stipulations of ANAF Disposition no 1.145/2007 emitted in October 2007 and substantially modified the registration procedure of the contracts concluded with non-resident suppliers.

Thus, its important modifications are:

The Official Gazette no 858/2007 published details regarding the procedure of registering of the contracts between Romanian legal entities and foreign legal entities or non resident persons.

This normative document repealed the stipulations of ANAF Disposition no 1.145/2007 emitted in October 2007 and substantially modified the registration procedure of the contracts concluded with non-resident suppliers.

Thus, its important modifications are: