E-invoice – mandatory electronic invoicing system
The “E-invoice – mandatory electronic invoicing system” project was launched with the aim of making tax collection more efficient.READ MORE
In these days, the Ministry of Finance will publish the draft amendment of the fiscal Code, which provides for changes that will come into force starting with 01.01.2023.Read article
In these days, the Ministry of Finance will publish the draft amendment of the fiscal Code, which provides, among others:
All these changes will take effect from 01.01.2023.
In Article 43, paragraphs (2) and (3) shall be amended and shall read as follows:
The tax regime applicable to dividends paid by a Romanian legal entity to another Romanian legal person/legal entity resident in another EU Member State. It is proposed to increase the dividend tax rate, from 5% to 8%, for dividends distributed/paid between Romanian legal entities, as well as for those distributed/paid to non-residents.
The dividend tax is declared and paid to the state budget, until 25 inclusive of the month following the one in which the dividend is paid.
By way of exception from the provisions of paragraphs (1) and (2), if the dividends distributed, according to the law, have not been paid by the end of the year in which their distribution was approved, the related dividend tax shall be paid, as the case may be, by 25 January of the following year, respectively until 25 of the first month of the modified fiscal year following the year in which the distribution of dividends was approved. These provisions shall not apply to dividends distributed and unpaid until the end of the year in which their distribution was approved, if on the last day of the respective fiscal year, calendar or modified, as the case may be, the conditions set out in paragraphs 4 (a) and (b) are met.
The project proposes substantial state-related changes to their micro-enterprises, such as:
According to the tax rules in force, the classification as a micro-enterprise is carried out on the basis of certain conditions to be fulfilled, one of them imposing that the romanian legal entity has achieved by December 31st of the previous fiscal year revenues that did not exceed the ron equivalent of 1 000 000 euros.
The tax rates are differentiated according to the number of employees, being applicable:
Also on 1 January 2023, in the VAT chapter, it is proposed to increase the quota for beverages containing added sugar. The measure aims to discourage the consumption of such products, with a significant impact on consumers.
The VAT rate increases from 5% to 9%, both for the supply of food, including beverages (except alcoholic and non-alcoholic beverages containing added sugar or other sweetening matter or flavored), intended for human and animal consumption, as well as for restaurant and catering services and hotel accommodation activities.