Government Ordinance no. 7 / 2013, imposing a tax on additional income derived further to the deregulation of prices in the natural gas sector has been published.
The provisions of the above-mentioned Ordinance apply to economic operators, including their subsidiaries and economic operators belonging to the same group of economic interests, carrying out both natural gas extraction and sale activities in Romania (Romania includes the national territory, the territorial sea, the contiguous zone and the exclusive economic zone of the Black Sea).
The tax due represents a 60% surcharge levied on additional income derived further to the deregulation of prices in the natural gas sector, from which related royalties and upstream investments not exceeding 30% of the total additional income are deducted. The additional income is calculated according to the formula set out in the Ordinance.
As of 1 February 2013 and until 31 December 2014, the tax has to be declared and paid on a monthly basis, by the 25th of the month following that for which the tax is calculated. An ANAF Order is to be published providing the template and the content for the statement.
[Source: Romanian Official Gazette no. 53 / 23 January 2013]
For more information, please contact Peter de Ruiter, Mihaela Mitroi, Ionut Simion and Daniel Anghel.
Country Managing Partner, Romania
Tel: +40 21 225 3708