Taxand Romania reports on the amendments and completions brought to the Fiscal Code.
Government Ordinance no. 25/2017 published in the Official Gazette no. 706 from 31 August 2017
- Ordinance no. 25/2017 brings new amendments and completions to the Law 227/2015 regarding the Fiscal Code. The main amendments are listed in the following paragraphs
- Expenses representing the value of the transferred receivables, as per the law, are included in the category of limited deductibility expenses with a deductibility limit of 30% of the value of the transferred receivables
- The expressions “income derived from independent activities carried out in Romania” and ”income derived from intellectual property rights derived from Romania” are defined
- Non-taxable income includes the amounts or advantages received by individuals also from dependent activities carried out at the board of aircrafts operated in international traffic
Discover more: Amendments and completions brought to the Fiscal Code