FY24 calendar year taxpayers with multiple Constituent Entities in Romania may elect, by 30 June 2025 (six months after the end of the fiscal year), for a single Constituent Entity to be designated to perform the Pillar Two declaration and payment of the Top-up Tax (if any) for all Romanian Constituent Entities. This...
The takeaway Order no. 206/2025 of the President of the National Tax Administration Agency (OPANAF no. 206/2025) approved the model, content and instructions for completing forms 101 “Profit tax return” and 101 Fiscal group “Consolidated profit tax return determined by the fiscal group”. The forms are to be used...
What has changed? The Council of the European Union updated the EU list of non-cooperative jurisdictions for tax purposes on 18 February 2025. Specifically, Annex 2 was updated (details are provided below). Annex I, however, has not been changed since 8 October 2024.
Government Ordinance no. 3/2025 (OG no. 3/2025) clarified the scope of the specific turnover tax (ICAS) for Romanian and foreign legal entities operating in the oil and natural gas sectors, starting with the fiscal year 2025 or with the modified fiscal year starting in 2025.
The Romanian Government has adopted Emergency Ordinance no. 156/2024 (GEO no. 156/2024, the Train Ordinance), which introduces new measures for fiscal consolidation and combating tax evasion.
Government Emergency Ordinance (GEO) no. 138/2024 amending RO e-Invoice, RO e-VAT, profit tax, income tax, accounting law, excise duties and RO e-Transport.
Government Emergency Ordinance (GEO) no. 132/2024 amending and supplementing GEO no. 107/2024 for the regulation of certain fiscal-budgetary measures in the field of managing budgetary receivables and the budget deficit for the general consolidated budget of Romania in 2024 (tax amnesty), to the Tax Code, the Tax...
Government Emergency Ordinance (GEO) no. 129/2024 regarding the amendment and completion of the GEO no. 41/2022 for the establishment of the national system for monitoring the road transport of goods RO e-Transport and repealing art. XXVIII of GEO no.130/2021 regarding some fiscal-budgetary measures, the postponement...
Government Emergency Ordinance (GEO) no. 125/2024 postpones until 31 December 2024 the application of contraventions for not having fiscal electronic cash registers. It also introduces as of 1 January 2025 for entities within the scope of authorisation, regulation, supervision and control of the Financial Supervisory...
Government Emergency Ordinance no. 123/2024 (GEO no. 123/2024) introduced some changes in the area of harmonised and non-harmonised excise duties.
Government Emergency Ordinance no. 124/2024 (GEO no. 124/2024) postponed from 1 January 2025 to 1 January 2026 the application of the new rules on the calculation of local taxes established by Government Ordinance no. 16/2022 on the amendment of Title IX “Local taxes and fees” of the Fiscal Code.
On 8 October 2024, the Council of the European Union updated the EU list of non-cooperative jurisdictions for tax purposes (Annex I and Annex II). Antigua and Barbuda was removed from Annex I and included in Annex II.
As of 1 January 2025, according to Law no. 254/2024, a reduced VAT rate of 9% will be applied to bee feed. The applicable VAT rate is currently 19%.
The Government of Romania has adopted Emergency Ordinance no. 115/2024 (GEO no. 115/2024), introducing a research and development (“R&D”) tax incentive for taxpayers which pay the minimum business turnover tax.
The Romanian Government has adopted Emergency Government Ordinance no. 107/2024 (GEO no. 107/2024), which introduces a series of measures: A fiscal amnesty for interest, penalties and all accessories related to outstanding principal budgetary obligations as of 31 August 2024 if debtors pay the principal debts and...
Order of the President of the National Tax Administration Agency no. 3789/2024 (OPANAF no. 3789/2024) approved the procedure regarding the organization and registration in the mandatory RO e-Invoice Register along with the model, content and filling instructions for form 082 ‘Application regarding registration in the...
Order of the President of the National Fiscal Administration Agency no. 3.788/2024 (OPANAF no. 3.788/2024) approved the procedure regarding the organisation and registration in the optional RO e-Invoice Register and the model, content and filing instructions of form 081 “Request for registration in the optional RO...
Order no. 3775/2024 of the president of the National Tax Administration Agency (OPANAF no. 3775/2024) approved the model and content of the Form ‘RO e-TVA pre-filled return’.
Order no. 3738/2024 of the president of the National Fiscal Administration Agency (OPANAF no. 3738/2024) approved: Form 216 ‘Declaration regarding the special tax on immovable and movable assets of high value’; the procedure regarding the collaboration between the local fiscal body and the central fiscal body for...
Order of the President of the National Tax Administration Agency no. 3562/2024 (OPANAF no. 3562/2024) approved the procedure regarding the redirection of the profit tax for sponsorship and/or acts of patronage for the profit tax due for the fiscal year 2024 or an amended fiscal year starting in 2024. For the fiscal...
