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The Personal Money Register
This Order approves the form and content of the personal money register. This regulation provides for the requirement of the economic operator to establish the personal money register, as well as the procedure of its registration with the tax authorities.
Order no. 513/2015 approving the form and content of the personal money register, as well as the procedure for its registration with the tax authority 1
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The Reference Interest Rate
As of the 7th of May, the NBR reference interest rate is 1.75%/year, down by 0.25% from the previously applicable one (2% a year).
Circular no. 17/2015 on the reference interest rate of the National Bank of Romania 2
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Regulations on the Simplified Customs Procedures
The deadline that provides for the possibility of verification by the customs authorities of the permits for the use of the simplified customs procedures has been amended. The new deadline is 31 December 2015, instead of the previous term of 3 months from the date of publication of the regulations.
Order no. 1065/2015 amending the Regulations on the simplified customs procedures, as approved by the Order of the President of the National Agency for Fiscal Administration no. 163/2015 3 -
The Procedure of Reimbursement of Overpaid amounts
This Order has approved the procedure for the reimbursement of the amounts representing taxes or other income to the State budget, paid extra or wrongly, for which there was no reporting requirement.
This regulation has also approved the following forms:
- The application for the reimbursement of certain amounts representing taxes or other income to the State budget, paid extra or wrongly, for which there was no reporting requirement;
- The instruction for the reimbursement of certain amounts representing taxes or other income to the State budget, paid extra or wrongly, for which there was no reporting requirement;
- The notice for the reimbursement of certain amounts representing taxes or other income to the State budget, paid extra or wrongly, for which there was no reporting requirement.
Order no. 528/2015 approving the Procedure for the reimbursement of amounts representing taxes or other income to the State budget, paid extra or wrongly, for which there was no reporting requirement 4
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The Amendment of the Electronic Communication Procedure
This legislative regulation approves the amendments and additions to the Order that provides for communication by electronic means of remote transmission between NAFA and individuals.
The main amendments/additions include as follows:
- In case the individual does not agree to the Terms and Conditions of Use of the “Virtual Private Area” Service, the application is rejected;
- All the documents provided to the individual through the “Virtual Private Area” service are electronic documents in which or to which an advanced electronic signature has been included, attached or logically associated within the meaning of Law no. 455/2001.
Order no. 572/2015 amending and supplementing the Procedure for communication by electronic means of remote transmission between the National Agency for Fiscal Administration (NAFA) and individuals, as approved by the Order of the Minister of Public Finance no. 1154/2014 5
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Amendments and Additions to the Rules of the Tax Code
There are several amendments and additions to the rules for the implementation of the Tax Code, which mainly include the following:
- Provisions on the exemption from income tax for income obtained by individuals with severe or serious disabilities;
- Provisions on the recalculation of the income derived from property rental for the granting of the deductibility of the health insurance contributions;
- The income earned by individuals as tips is also included in the category of income from other sources;
- Amendments have been made in terms of the procedure covering the regulation of the tax on salaries owed in Romania for work done abroad;
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Regulations on the Value Added Tax, as follows:
- Clarifications of the term “shareholders” used to qualify a unique tax group in the sense that it also includes the shareholders of companies established under Law no. 31/1990;
- Clarifications on the adjustment of the tax base for intra-Community acquisitions in case of a VAT rate change;
- The publication of the tariff codes (NC code) for the list of products covered by the application of the reduced 9% VAT rate and clarifications in connection with certain specific situations that involve the application of the reduced rate or the standard rate
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Changes to the title “Excise duties and other special taxes”:
- Amendments have been made in terms of the method of calculation of the excise duties for certain excisable goods, the sale price of which is denominated in a currency other than RON. To that effect, the conversion into RON is performed based on the latest exchange rate notified by the National Bank of Romania, valid as at the date on which the chargeability of the excise duty occurs, for intra-Community acquisitions, and based on the exchange rate regulating the calculation of the value at the customs for imported goods;
- Amendments have been made in terms of the procedure for the reimbursement of the excise duties;
- Amendments have been made in terms of how to calculate the harmonized excise duties;
- Amendments have been made in terms of the alcohol produced in individual households;
- Provisions have been added in connection with the chargeability of the excise duty in the case of economic operators producing and/or performing intra-Community acquisitions or importing coal, coke or lignite and using these products;
- There are amendments and additions in connection with the conditions for the permitting of tax warehouses;
- There are amendments and additions in connection with the exemption from the payment of the excise duties
- Regulations have been added in terms of certain categories of individuals exempted from the payment of the health insurance contributions;
- The provisions on the tax on constructions relating to the application of the 1% rate applicable from 2015 and relating to the items that are deducted from the tax base have been supplemented.
Decision amending and supplementing the methodological rules for the application of Law no. 571/2003 on the Tax Code, as approved by the Government Decision no. 44/2004 6
- Published in the Official Gazette, Part I no. 300 of 30.04.2015
- Published in the Official Gazette, Part I no. 316 of 08.05.2015
- Published in the Official Gazette, Part I no. 321 of 12.05.2015
- Published in the Official Gazette, Part I no. 328 of 14.05.2015
- Published in the Official Gazette, Part I no. 355 of 22.05.2015
- Published in the Official Gazette, Part I no. 373 of 28.05.2015