Tax Flash No. 8/2017

Print Friendly, PDF & Email

Ordinance no. 25/2017 for amending and completing Law no. 227/2017 regarding the Fiscal Code was published in the Official Gazette 706/31.08.2017

The main amendments are included below.

CORPORATE INCOME TAX

  • Starting 1 January 2018, expenses corresponding to the alienated receivables are deductible within the limit of 30% of their value.

SOCIAL CONTRIBUTIONS

  • Medical subscriptions paid by the employers are not subject to social contributions within the limit of the RON equivalent of EUR 400 per year. This provision is applicable within 3 days from its publication date.

TAX ON REPRESENTATIVE OFFICES

  • The annual fee on representative offices will be RON 18,000.
  • The payment term is the last day of February of the tax year (being the same with the declaration term).
  • These provisions apply starting 1 January 2018.

EXCISE DUTIES

  • The excise duties for petrol and diesel are increased gradually, with 0.16 RON/liter from 15 September 2017, respectively with another
    0.16 RON/liter from 1 October 2017.

Terms and Conditions | Privacy Policy | Cookies Policy | Sitemap | Contact

Copyright © 2009-2018 Nestor Nestor Diculescu Kingston Petersen SCA. All Rights Reserved.

NNDKP OFFICES

Bucharest | Timisoara | Brasov | Cluj