A new draft EGO provides further clarification on related companies
March 25, 2024Renata Ban
On 13 March 2024, a draft GEO appears on the website of the Ministry of Finance, clarifying the notion of “related enterprise”..
READ MOREFrom September 1, 2013 several changes to the Tax Code and its implementing rules shall take effect. Among them, are worth mentioning :
Introduction of the reduced VAT rate TVA of 9% for backery products
This will apply to the following products:
Excise tax will be extended to more products.
New categories of luxury products will be subject of the excise tax, such as:
Read articleFrom September 1, 2013 several changes to the Tax Code and its implementing rules shall take effect. Among them, are worth mentioning :
Introduction of the reduced VAT rate TVA of 9% for backery products
This will apply to the following products:
Excise tax will be extended to more products.
New categories of luxury products will be subject of the excise tax, such as:
From September 1, 2013 several changes to the Tax Code and its implementing rules shall take effect. Among them, are worth mentioning :
Introduction of the reduced VAT rate TVA of 9% for backery products
This will apply to the following products:
Excise tax will be extended to more products.
New categories of luxury products will be subject of the excise tax, such as:
Also, alcohol excise duties will be increased.
Implementation of simplification measures (reverse taxation) to the delivery of electricity.
As of September 1, 2013, the reverse taxation extends to the following operations:
Finally, changes have been made also regarding cancellation / re-registration for VAT purposes.
August also brought a courageous decision NBR which reduces the reference rate up to 4.5% per year. The measure aims to stimulate the economy by boosting consumption .
Not last, for taxpayers carrying out economic transactions within the European Union it is important to remember that by the end of September they can submit claims for VAT reimbursement from other EU countries for 2012 (Forms 313 and 318).