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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. 3/2020 – 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

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. 2/2020 – 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

Jul 2020

Tax Flash no.13/2020 – Instructions for the application of the VAT exemption

Order no. 2148/2020 regarding the amendment and completion of the Instructions for the application of the VAT exemption for the operations provided in art. 294 paragraph (1) let. A) -i), art. 294 para. (2) and art. 296 of Law no. 227/2015 on the Fiscal Code, approved by Order no. 103/2016 was published in Official Gazette 628/2020

Jul 2020

Tax Flash no.12/2020 – The extension of certain deadlines provided by EO 6/2019

Law no. 114/2020 on the approval of Emergency Ordinance no. 90/2020 for the amendment of Ordinance no. 6/2019 on the establishment of fiscal facilities, as well as for the amendment of other normative acts was published in Official Gazette 600/2020

Jul 2020

Tax Flash no.11/2020 – Extension of the DAC 6 reporting deadline

Emergency Ordinance no. 107/ 2020 regarding the amendment of art. II of Ordinance no. 5/2020 for the amendment and completion of Law no. 207/2015 on the Fiscal Procedure Code and for the extension of certain deadlines was published in the Official Gazette 579/2020