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Holidays bring in further tax amendments

In addition, Form 630 is presented, which contains Annual Tax Decision regarding the determination of the social health insurance contribution.

 

Monitorul Oficial al Romaniei No 490 / 2 August 2013 has published Government Ordinance No 16 / 30 July 2013 which amends and supplements Law No 571 / 2003, regarding the Tax Code, and regulates tax- and budget-related measures.

Some of the major amendments to the Tax Code, as provided by this Ordinance, refer to the following:

Title I – General Provisions

Title II – Profit Tax, Title V – Tax on the Income Obtained from Romania by Nonresident Entities and Tax on Foreign Entities’ Representative Offices in Romania

Title VI – Value Added Tax

 

Title VII – Excise Duties and Other Special Taxes – the new provisions shall come into force starting 1 September 2013

Title IX2 – Mandatory Social Contributions

The above-referenced Ordinance also amends Government Ordinance No 64 / 2001, regarding the distribution of profit to national companies and companies the share capital of which is owned, either in full or in part, by the State, as well as to public corporations (i.e. régie autonomes). This Ordinance also amends Government Emergency Ordinance No 9 / 2013, regarding the environmental stamp for vehicles.

Apart from the provisions mentioned herein as coming into force on 1 September 2013, all the other provisions referred to in this Newsletter will become effective three (3) days after the date of their publication in Monitorul Oficial.

 

Monitorul Oficial al Romaniei No 485 / 2 August 2013 has published Order No 938 / 19 July 2013 of the President of the National Tax Administration Agency, approving Form 630, i.e. Annual Tax Decision regarding the determination of the social health insurance contribution.

 

The aforesaid Order approves Form 630 which contains the Annual Tax Decision, regarding determination of the social health insurance contribution, and the annex thereto comprising a statement regarding determination of the monthly amount of social health insurance contribution.
The Form is used for the establishment of annual payment obligations related to the social health insurance contribution and for the adjustment of prepayments. Such Form shall be used to determine social health insurance contributions starting the tax year 2012.