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Recent updates to tax legislation


Towards the end of 2013 the Romanian Government updated several tax measures. Taxand Romania summarises the key matters.

Mutual Administrative Assistance in Tax Matters

By signing this Convention, Romania joins the European Council and the Organisation for Economic Co-operation and Development (OECD) in tackling tax avoidance and evasion at an international level, by providing administrative tax assistance regarding, among other, the exchange of information, assistance in the collection and transmission of documents.

Clarifications regarding subsidies included in the VAT taxable base

The Order approves the Decision no. 4/2013 of the Central Fiscal Commission which brings clarifications with the purpose to consistently apply the provisions mentioned at art. 137, paragraph (1), letter a) of the Fiscal Code and the specific Methodological Norms, regarding "subsidies directly linked to the price", in force during 1 January 2007 – 31 December 2009.

Amendments regarding the list of large and medium size taxpayers

  • Under certain conditions, branches of foreign legal entities performing their activity in Romania will also be included in the category of large/medium size taxpayers
  • The list of large taxpayers is increased to the first 2500 Romanian legal entities/branches of foreign legal entities, selected in a descending order based on the selection criteria

Discover more: Recent updates to tax legislation 

Your Taxand contact for further queries is:
Angela Rosca
T. +40 21 316 06 45

Also published in Thomson Reuters' Taxnet Pro, 9 January 2014


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Taxand's Take

Multinationals should review all recent updates to Romanian tax legistation to investigation what impact, if any, these amends will have on their operations. 

Taxand's Take Author

Angela Rosca