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Main amendments and completions brought to the Fiscal Code and the Fiscal Procedural Code

Angela Rosca 02 Apr 2018

Taxhouse, Taxand Romania, reports on the main amendments and completions brought to the Fiscal Code and the Fiscal Procedural Code. 

Emergency Ordinance no. 25/2018 published in the Official Gazette no. 291 of 30.03.2018

Emergency Ordinance no. 25/2018 regarding the amendment and completion of certain normative acts, as well as for the approval of certain fiscal-budgetary measures brings, among others, amendments and completions to the Fiscal Code and the Fiscal Procedural Code.

The main amendments and completions brought to the Fiscal Code refer to the following aspects:

• Corporate income tax
• Tax on microenterprise’s income
• Personal income tax
• Social security contributions
• Income tax on the revenues obtained by non-residents in Romania and income tax for the representatives of foreign companies established in Romania
• Value added tax
• Excise duties and other special taxes
• Local taxes

Discover more: Main amendments and completions brought to the Fiscal Code and the Fiscal Procedural Code

Taxand's Take

The aforementioned amendments shall enter into force on the date of the publication of this Emergency Ordinance in the Official Gazette, except for the amendments brought to Micro-enterprise’s income tax of the Fiscal Code, which shall apply as of 1 April 2018.

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International Tax | Romania