New fiscal stipulations for 2008
January 17, 2008Rainfall
2008 brought new changes regarding the taxes and duties. The latest news in the Fiscal Code refers to VAT, the income tax and excises.
VAT: The reversed taxation procedure for real estate transactions between legal entities persons, who pay VAT, was eliminated.
At the same time, the VAT exemption was eliminated for the following services: giving information and making reports for the insured persons, marketing and administrative services that derive from the insuring-reinsuring services, respectively the organization and the management of the IT system of the insurance companies.
Income tax: The limit regarding the non-taxable income from the pensions will increase, from 900 to 1000 lei.
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