E-invoice – mandatory electronic invoicing system
September 11, 2023Alexandra Ristin
The “E-invoice – mandatory electronic invoicing system” project was launched with the aim of making tax collection more efficient.
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 articleThe 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;
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;
the contribution to employment insurance related to wage income achieved in the period February-April 2020;
VAT from February to April 2020;
for Romanian legal entities operating in the areas most affected by the new changes. The CAEN codes to which these provisions apply are:
4520 |
4743 |
4762 |
4782 |
5320 |
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If such a law project is adopted, the payment deadline shall be extended until 25th of July 2020 or until a later date determined by the Government’s decision.
Local taxes: Land tax, the tax on means of transport is paid with the subsidy set by the City Council if it is paid in full by 30th of June 2020.
The conditions under which a legal person may benefit from these facilities are as at 31st of December 2019 cumulatively fulfilled:
The proposed measures may be a breath of fresh air for the companies affected by the crisis, but for the moment we are only talking about a law project. We’ll keep you informed of its evolution.