What declaration do you have to file starting this year?
February 21, 2024Renata Ban
Another impact change for companies with the advent of GEO 115/2023 is the obligation to report high tax risk assets within Romania.READ MORE
The government is encouraging donations for refugees from Ukraine, approving a number of measures to that end.Read article
The government is encouraging donations for refugees from Ukraine, approving a number of measures to that end. These include the deduction from the tax profit tax in the case of corporate tax payers, i.e. from the tax base for micro-enterprises, and from the tax base of the PFM.
These donations must be made to a separate Treasury account (available from humanitarian aid donations to Ukraine) through the General Emergency response Inspectorate. Any credit institution that will subsequently be communicated on its own website of M.A.I., the Government and other media channels will also be opened in lei/currency.
These amounts can be paid both on-line, cash at the counter or via the POS installed at the State Treasury units.
For corporate tax payers there are 2 options:
In the case of income tax payers:
In the case of PFs that determine the annual net income in the real system:
In the field of VAT, goods and services provided free of charge to persons affected by armed conflict in Ukraine shall be treated as goods and services provided free of charge in the framework of sponsorship or mecenat actions, up to the amount obtained by applying a rate of up to 5 % on the annual amount of expenditure incurred on staff salaries.