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 January 2023, the personal deduction will have two components: the basic personal deduction and the additional personal deduction.
Read articleFrom January 2023 income, Ordinance 16/2022, which amended the Tax Code, provides that the personal deduction will have two components: the basic personal deduction and the additional personal deduction.
The basic personal deduction is granted to people who have a gross monthly income of up to 2,000 lei above the level of the gross minimum wage. It is differentiated not only according to income but also according to dependants, including children. So while the basic deduction for children is attributed to both parents, the additional deduction is different.
The additional personal deduction is granted as follows:
Attention! The deduction does not mean that parents will receive 100 lei for each child enrolled in school, but that the tax base is reduced by 100 lei, which means a “gain” of only 10 lei.