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Donations for refugees from Ukraine may be deducted from income/profit tax

The government is encouraging donations for refugees from Ukraine, approving a number of measures to that end.

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The yellow emergency certificates may also be required for the month of april

June 3, 2020Renata Ban

News about emergency certificates were published on M.O. 385 on May the 13th.

According to the new provisions, the economic operators who suffered from the effects of the SAR-Cov2 pandemic in april, can benefit from the certificate of emergency TYPE 2 (yellow) situations following the completion of a self-declaration. The statement must indicate that there is a decrease in revenues of at least 25% in March or April 2020 compared to the average for January and February 2020.

But companies now have another statement available to get the certificate of emergency situations. In fact, the new declaration used only adds the month April 2020 (along with March), as the month in which the decrease in income/income achieved is decreased by more than 25% compared to the average income of January-February 2020.

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Deferral of taxes and duties

March 19, 2020Renata Ban

The current context, triggered by the COVID19 epidemic, is already creating numerous difficulties and challenges for companies, with a new economic crisis on the horizon. The bill on the amendment of certain provisions of the Tax Code to change the payment deadlines for a series of substandard taxes in the next period was presented to the Chamber of Deputies yesterday.

Therefore, the taxes and duties in the bill are:

  • income tax for fiscal year 2019 and first quarter 2020;

  • income tax on micro-enterprises for the first quarter of 2020;

  • payroll taxes and salaries between February and April 2020;

  • Social health contributions related to wages received in the period February-April 2020;

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Dividends may be payed also during the year!

July 19, 2018Renata Ban

The law permitting the payment of dividends during the year was voted. According to the principle “autumn is a time of harvest “, perhaps from September or October this year we will already be able to reap the “fruits” of the business.

On July 12, the normative act (Law 163/2018) amending the dividend payment procedure was published, which allowes the distribution of the profit between the companies’ shareholders also quarterly, within the limit of the net profit realized after the preliminary filing of an interim financial statement .

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The summary of the legislative changes in 2018

February 15, 2018Renata Ban

The year 2018 started with a lot of fiscal changes, contained in various normative acts. This is why we are trying to make a brief recap of the legislative changes that take place this year and a reminder of the main checks and declarations to be made at the beginning of the year:

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