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Tax newsletter September 2018

The main fiscal legislative changes of September 2018 refer to: Accounting of the quarterly distribution of dividends and interim financial statements provisions – Order no. 3067/2018; Rights during delegation/posting - Government Decision 714/2018; Transmission of...

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Tax newsletter August 2018

The main fiscal legislative changes of August 2018 refer to: Endowment with cash registers with electronic journal - GEO 44/2018; The internship law – Law 176/2018; Restitution of the income tax withheld by the income payer at a higher amount than the legally due -...

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The accounting reporting system at 30 June 2018

According to the order 2531/2018 of the Ministry of Public Finance published in the Official Gazette Part I no. 623 from 18.07.2018, the entities that in the previous year registered a turnover exceeding RON 220.000 have the obligation to submit accounting reports...

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Quarterly distribution of dividends

The law project, initiated by the entrepreneurial environment in Romania on 26th June 2017, was approved by the Chamber of Deputies on 13th June 2018 and provides that the dividend distribution can be made quarterly based on the quarterly financial statements approved...

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Tax incentives proposal for IT sector

According to a draft Government Emergency Ordinance on some Fiscal-Budgetary Measures (hereinafter referred to as the “GEO”) from 6 February 2018, it is proposed to introduce a mechanism for compensating mandatory social contributions for the employers activating in...

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VAT split payment mechanism

According to Law no. 275/2017 for the approval of Government Ordinance no. 23/2017 regarding the VAT split payment, which was published in the Official Gazette on 28 December 2017, the VAT split payment mechanism will be compulsory for taxable persons and public...

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