• Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 2/28/2014

Romania - Corporate income tax, VAT, environment fund-related tax changes 

February 28:  New law in Romania—a “government decision” (Hotarârea Guvernului nr. 77/2014)—amending the tax code, was published in the official journal in February 2014.

Among the items are measures affecting or clarifying:

  • The tax treatment of losses from the assignment of receivables
  • The taxation of dividends subject to an income tax treaty
  • A carryforward of deductible sponsorship expenses
  • The taxation of micro-enterprises
  • The taxation of income derived by non-residents
  • The imposition of value added tax (VAT) on certain services and VAT rules and adjustments
  • Excise tax on luxury goods, certain beverages (e.g., coffee and beer), and electricity

Read a February 2014 report (English and Romanian) [PDF 542 KB] prepared by the KPMG member firm in Romania: Changes to the Norms to the Fiscal Code

Environment fund-related taxes

Other guidance amends the rules for calculating contributions and taxes payable to the environment fund.

Read a February 2014 report (English and Romanian) [PDF 436 KB] prepared by the KPMG member firm in Romania: Changes to the calculation of contributions and taxes payable to the Environmental Fund

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