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Amendments Brought To The Fiscal Procedure Code

Romania
19 Dec 2012
New amendments were recently introduced to the Fiscal Procedure Code by Emergency Ordinance no. 84/2012. Taxand Romania summarises what these will entail.

According to the recent amendments brought to the Fiscal Procedure Code, tax liabilities, which have a submission and payment deadline on 25 December, will be declared and paid until 21 December.

Additionally, in the case 21 December is a non-working day, the tax liabilities should be declared and paid until the last working day prior to 21 December.

Taking into consideration the general character of this amendment, it will be applicable for December 2012.


Your Taxand contact for further queries is:
Angela Rosca
T. +40 21 316 06 45
E. angela.rosca@taxhouse.ro

Taxand's Take

These emergency amends to the Fiscal Procedure Code provide very little time for corporations to submit their tax liabilities on schedule. Companies should aim to submit their tax liabilities by this date or find out what the consequences are of missing the deadline.

Taxand's Take Author

Angela Rosca
Romania