» Tax Flash

Jan 2021

Tax Flash no.1/2021 – The amendment and completion of certain normative acts and the extension of certain deadlines

14.01.2021 – Emergency Ordinance no.226/2020 regarding certain fiscal-budgetary measures and amending and supplementing certain normative acts and extending certain deadlines was published in Official Gazette 1332/2020

Dec 2020

Tax Flash no.20/2020 – The publication of the laws amending the Fiscal Code and the Fiscal Procedure Code

22.12.2020

Nov 2020

Tax Flash no.18/2020 – The increase of the value of residences for which a 5% VAT rate is applied

16.11.2020 – Law no.248/ for the amendment of art. 291 of Law no. 227/2015 regarding the Fiscal Code was published in Official Gazette 1079/2020

Nov 2020

NNDKP CELF Alert no. 4/2020 – Deductibility of VAT – Recent Decisions (Ordinances) of the European Court of Justice (“ECJ”) in Contradiction with the Tax Practices in Romania

16.11.2020 –ECJ confirms that the deductibility of VAT cannot be refused due to reasons related to the necessity of the acquisition or fiscal fraud committed by other taxable persons in the supply chain

Nov 2020

Tax Flash no.17/2020 – The deadlines for the reporting of cross-border arrangements under Directive DAC 6 are closing in

05.11.2020 – We remind you that the deadlines for the reporting of cross-border arrangements under Directive DAC 6 are closing in

Nov 2020

Latest news in the corporate field – Simplifying and de-bureaucratization of the share transfer procedure and the payment of the share capital in case of limited liability companies

02.11.2020 – Law no. 223/2020 for simplifying and de-bureaucratization of the share transfer procedure and the payment of the share capital via the amendment of Companies’ Law no. 31/1990 (“Law 223/2020”) has been ratified by the Romanian President on 30th of October 2020 and follows to be shortly published within the Official Gazette of Romania in order to be enforced.

Oct 2020

Tax Flash no.16/2020 – Additional fiscal measures in the context of COVID-19

27.10.2020 –Emergency Ordinance no.181/2020 regarding certain fiscal-budgetary measures and for the amendment and completion of some normative acts as well as for the extension of certain deadlines was published in Official Gazette 988/2020

Oct 2020

Tax Flash no.15/2020 – The amendment of the Methodological Norms for the application of the Fiscal Code

23.10.2020 – Decision no. 864/2020 amending and supplementing the Methodological Norms for the application of Law no. 227/2015 regarding the Fiscal Code, approved by Government Decision no. 1/2016 was published in Official Gazette 956/2020

Sep 2020

NNDKP CELF Alert no. 3/2020 – The appeal in the interest of the law revolutionizing the calculation approach of statute of limitation for tax liabilities

16.09.2020 – On September 14, 2020, the High Court of Cassation and Justice (“HCCJ”) admitted the appeal in the interest of the law that will end tax authorities’ practice of extending by 1 year the five-year limitation period applicable with respect to profit tax, artificially and in breach of the relevant legal provisions.

Sep 2020

Tax Flash no.14/2020 – Measures to stimulate the maintenance / increase of equity and clarifications regarding the corporate income tax bonus

09.09.2020 – Emergency Ordinance no. 153/2020 for the establishment of fiscal measures to stimulate the maintenance / increase of equity, as well as for the completion of normative acts was published in Official Gazette 817/2020