ERNST & YOUNG SRL

  |  2016-08-17

Legislative summary

Page 2/3
   12 3   


Form 306


(NAFA President Order no. 2037 / 2016, Official Gazette no. 534 / 15 July 2016)


The Order replaces NAFA Order no. 6/2010 and implements the Procedure for the approval of the biannual/annual tax period for the VAT registered taxable persons, as well as the template and content of form 306 ‘Request regarding the use of the semester or the calendar year as tax period’.


Form 088


(NAFA President Order no. 2048 / 2016, Official Gazette no. 533 / 15 July 2016)

The Order brings certain amendments to the template and content of the 088 Form.


Please refer to our Tax Alert no. 22 / 2016 for the most important amendments.


Reduced VAT rate of 9%


(Order of the Minister of Public Finances and Minister of Agriculture and Rural Development no. 1155 / 868 of
25 July 2016, Official Gazette no. 572 / 28 July 2016)


The Order defined the types of fertilizers, pesticides, seeds and other agricultural products, as well as some services for which the reduced VAT rate of 9% will be applied.


Please refer to our Tax Alert no. 25 / 2016 for more details.


Statement 394


(NAFA President Order no. 2264 / 2016, Official Gazette no. 578 / 29 July 2016)


The Order brings certain amendments to the reporting obligations and the content of the 394 Form.


Please refer to our Tax Alert no. 26 / 2016 for the most important amendments.


Customs


A series of customs-related norms were issued, aligning the domestic customs legislation with the provisions of the new Union Customs Code and related regulations for implementation.


Please refer to our Tax Alert no. 21 for more details.

 

Technical norms for customs formalities regarding the dispatches by express courier services


(NAFA President Order no. 2066 / 2016, Official Gazette no. 558 / 25 July 2016)


The Order brings an alignment with the new EU customs regulations.


State aid


(Order no. 854 / 2016 amending the annex of Order of Minister of Agriculture and Rural Development no. 3433 / 2015 regarding the approval of the state aid scheme „Encouraging regional development through investments, including in the fruit tree sector for the processing and marketing of agricultural products in order to obtain non-agricultural products”, Official Gazette no. 553 / 22 July 2016)


The objective of granting the aid is to increase the competition between companies through the creation of new products having added value, without affecting the competition on the internal market and the intra-Community trade by a measure contrary to the common interest.


The scheme enters into force as of the date of its publishing in the Official Gazette and is applied until 31 December 2020.
The total estimated value of the state aid to be granted according to the scheme is of EUR 123.3 mil.


(Order no. 857 / 2016 for the approval of the state aid scheme „Support for the first afforestation (”împădurire”) and the creation of wooded areas”, Official Gazette no. 568 / 27 July 2016)


The objective of the scheme is to grant financial support to the public and private owners of agricultural and non-agricultural lands and their forms of association for the purpose of afforestation and creation of wooded areas.


The scheme is applied until 31 December 2020.


The total estimated value of the state aid to be granted according to the scheme is of EUR 123,513,043.
(Order no. 437 / 2016 for the approval of the application of the regulatory framework regarding the state aid Register (‘RegAS’), Official Gazette no. 539 / 18 July 2016)


RegAS represents an electronic evidence system of the state aids granted to all categories of beneficiaries, irrespective of the objective of the grant, the category of funds involved and the type or nature of the supplier.

Page 2/3
   12 3   

COMMENT ON THIS ARTICLE:




Load new captcha.
 

TOP CROPS COMPANIES (2015)
Scoring Methodology by ERNST&YOUNG


 
#
COMPANY NAME
MCR TOTAL SCORING
 
1 AGRO-CHIRNOGI SA 2,6250
2 MERPANO SRL 2,6250
3 AGRICOST SA 2,5000
4 PLANTAGRO-COM SRL 2,4375
5 PIONEER HI - BRED SEEDS AGRO SRL 2,1875
6 AGRINVEST SRL 2,1875
7 INTERAGRO SA 2,1250
8 INTERAGRO SRL 2,0625
9 AGROIND CAUACEU SA 2,0625
10 AGROINTER SRL 2,0625