New fiscal-budgetary measures proposed by the Government. What actually changes?
September 25, 2023Renata Ban
Latest changes to the Fiscal Code to establish a balanced budget.
READ MORELatest changes to the Fiscal Code to establish a balanced budget.
Read articleLatest changes to the Fiscal Code to establish a balanced budget.
READ MOREThe government is encouraging donations for refugees from Ukraine, approving a number of measures to that end.
READ MORENews has come up on the financing side, news covering various fields.
READ MOREA recent press release by the Ministry of Finance foresees the extension of tax measures that are beneficial to taxpayers in the context of the pandemic.
READ MOREThe year 2021 began with many tax innovations, most of which are beneficial to companies.
READ MOREANAF reminds companies of the main structures from which they can benefit, but there are new provisions and provisions already in the legislation when the state of emergency was declared.
READ MOREThe President of Romania promulgated the law which concerns the tax on land and buildings used for tourist purposes which is reduced by half. >
READ MOREBesides reimbursable financing provided under the IMM Invest Romania program, companies can now also benefit from non-reimbursable financing.
READ MOREIn view of the current situation, which is burdensome for the business environment, a new OUG project has been created, which is intended to bring additional exemptions and facilities for the companies.
These facilities concern:
READ MORENews 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.
READ MOREIn the context of the new economic crisis, the support programme for small and medium-sized enterprises, which aims to grant state facilities for loans granted by credit institutions, was approved. This Regulation was published in the Official Journal, on 4 April, through OUG No. 42.
What do these structures refer to?
READ MOREGiven the multitude of new regulations, press releases and confusion created in the media, we are resuming the main economic and fiscal-budgetary measures regulated by the 21th of March 2020.
The concrete measures established by the Government through the 29/2020 Emergency Decision are the following:
READ MOREThe 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;
READ MOREThe 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 .
READ MOREThe European Parliament and the Council of Europe adopted on 27 April 2016 the EU2016 / 679 Regulation on the protection of individuals with regard to the processing of personal data. Its provisions will be applicable in all Member States of the European Union as of 25 May 2018.
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