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New year, new tax policies

Romania

With the new year arrives new tax policies and legislation. Taxand Romania provides an update on the changes.

There have been adjustments made in the following areas:

Approval of norms for certification of tax returns by tax consultants

  • The Decision approves the norms for the certification, by tax consultants, of the tax returns of taxpayers, individuals or legal entities, which opted for their certification.

Amendments regarding the extension of certain declaration and payment deadlines

  • The tax on incomes derived from exploitation of natural resources, other that natural gas shall apply until 31 December 2015.
  • The tax on natural monopoly in the electricity and natural gas industry shall apply until 31 December 2015.

Discover more: Tax Hot Topics, January 2015


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

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Taxand's Take

Large and medium sized taxpayers in Romania should bear in mind that these changes have immediate effect.

Taxand's Take Author

Angela Rosca
Romania

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