ERNST & YOUNG SRL

  |  2016-07-13

Legislative summary No. 6 June 2016

Amendments to the Tax Code. Amendments and additions to the Tax Code. (Government Emergency Ordinance no. 32/2016 for the completion of Law 227/2015 regarding the Tax Code and for the regulation of certain financial and tax measures, published in the Official Gazette no. 488/30 June 2016)

Page 1/3
 1 2 3   

Amongst others, Government Emergency Ordinance no. 32/28 June 2016 amends and complets certain normative acts, amongst which also Law no. 227/2015 regarding the Tax Code.

The following amendments are brought to the Tax Code:


Income Tax


Income tax exemption on salary income

Starting with the salary income related to August 2016, the income tax exemption applies for the salary income earned as a result of performing activities in Research and Development or Technological Development fields. The conditions for such exemption will be provided through a separate common Order of several ministries (of Education, Economy, Public Finance, Labor and Agriculture) until August 2016.


Income from other sources


The income earned by the statistical operators from the collection activity from the population and from the legal entities contained in the statistical research realized with view to produce official statistics is included in the category of income from other sources.

 

Income tax exemption on income earned from individuals from transfer of immovable properties from personal patrimony

The Ordinance provides that the individuals are not liable to income tax on the first operation of Datio in Solutum for immovable assets in order to settle the obligations assumed through loans as per Law no. 77/2016 regarding Datio in Solutum of immovable assets.


VAT


VAT reduced rate


The applicable VAT rate for supplies of fertilizers and pesticides used in agriculture, seeds and other agricultural products for sowing or planting, as well as for the supplies of services such as the ones particularly used in agriculture provided through order of the minister of public finance and of the minister of agriculture and rural development, shall be reduced to 9%.


The application of the 9% VAT reduced rate will entry into force starting 1 August 2016.
Please refer to our Tax Alert no. 19/11 July 2016 for the most important provisions included in this decision.

 

Excise duty

 

Procedure for the registration of distribution and wholesales activities of alcoholic beverages and/or tobacco

(NAFA Order no. 1.850/17 June 2016 approving the Procedure for the registration of distribution and wholesale activities of alcoholic beverages and/or tobacco, as well as for the approval of the model and content of certain forms, published in the Official Gazette no. 471/24 June 2016).


The Order provides the conditions which should be met for obtaining the licence for distribution and wholesale activities of alcoholic beverages and/or tobacco.

 

Economic operators holding previously issued valid licenses, have a period of 180 days as of the entry into force of this Order, to submit a new application request, as per the new provisions. Upon expiry of the above mentioned period, these licenses will lose their validity.

 

The application requests have to be submitted to the following offices:


- to the interior / border customs office where the economic operators have their jurisdiction; or
- to the Authorization Department of the Customs General Directorate, applicable for large taxpayers.
The Order repeals the NAFA president Order no. 3.138/2011.

 

Procedure for the registration of economic operators carrying out wholesale or retail activities of energetic products – gasoline, diesel, kerosene, liquefied petroleum gas and biofuel
(NAFA Order no. 1.849/17 June 2016 approving the Procedure for the registration of economic operators carrying out wholesale or retail activities of energetic products – gasoline, diesel, kerosene, liquefied petroleum gas and biofuel, as well as for the approval of the model and content of certain forms, published in the Official Gazette no. 474/24 June 2016)

 

The Order provides the conditions which should be met for obtaining the licence to carry out wholesale or retail activities of energy products.

 

Economic operators holding previously issued valid licenses, have a period of 90 days after the entry into force of this Order, to submit a new application request, as per the new provisions. Upon expiry of the previously mentioned period, these licenses will lose their validity.

The application requests have to be submitted to the customs office in the jurisdiction area where the trading storage or the wholesale storage (for which the registration is requested) are located.

Economic operators which apply for a trading licence have to present the criminal record of the company’s administrator which should not contain any criminal sanctions from definitive court rulling regarding certain types of crimes.

The Order repeals the NAFA president Order no. 2.491/2010.

 

Page 1/3
 1 2 3   

COMMENT ON THIS ARTICLE:




Load new captcha.
 

TOP MOTORCYCLES COMPANIES (2016)
Scoring Methodology by ERNST&YOUNG


 
#
COMPANY NAME
MCR TOTAL SCORING
 
1 COMPANIA NATIONALA POSTA ROMANA SA 3,0000
2 FAN COURIER EXPRESS SRL 3,0000
3 DHL INTERNATIONAL ROMANIA SRL 3,0000
4 NEMO PROD COM IMPEX SRL 3,0000
5 URGENT CARGUS SA 2,0000
6 TNT ROMANIA SRL 2,0000
7 UPS ROMANIA SRL 2,0000
8 DYNAMIC PARCEL DISTRIBUTION SA 2,0000
9 GLS GENERAL LOGISTICS SYSTEMS ROMANIA SRL 2,0000
10 TOTAL POST MAIL SERVICES SRL 2,0000