KPMG.com/RO Tax Feedhttp://www.kpmg.com/_layouts/feed.aspx?xsl=1&web=/RO/en/IssuesAndInsights/RSSFeeds&page=5a5cf38e-63ad-4e16-a4e5-989f13a05c27&wp=8bfeb955-a822-483f-9317-20fc05e6724cTax Rss Feed60New amendments to public procurement legislationhttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Advisory/Legal-Newsflash/Pages/New-amendments-public-procurement-legislation.aspxGEO 35/2013 provides for measures primarily aimed at speeding up and streamlining the procurement process.Thu, 09 May 2013 08:35:02 GMTDeclaration of Additional Taxes Recently Imposed For the Energy Sectorhttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Indirect-Tax-Newsflash/Pages/Declaration-of-Additional-Taxes-Recently-Imposed-For-the-Energy-Sector.aspxThe Order to amend Order 1950/2012 has been published in In the Official Journal of Romania (no. 111/2013).Mon, 04 Mar 2013 09:22:28 GMTReduced VAT rate for medical lenseshttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Indirect-Tax-Newsflash/Pages/Reduced-VAT-rate-for-medical-lenses.aspxAccording to a memo dated 20 March 2013, the reduced VAT rate of 9% is applicable for deliveries of aerial or contact medical lenses and their accessories.Thu, 28 Mar 2013 13:20:20 GMTCyprus bailout deal – tax implicationshttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Direct-Tax-Newsflash/Pages/Cyprus-bailout-deal-tax-implications.aspxTraditionally, Romanian entrepreneurs have used Cyprus as a location for holding, financing and intellectual property asset management activities.Thu, 28 Mar 2013 12:55:54 GMTECJ: Cosmetic surgery can be VAT exempthttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Indirect-Tax-Newsflash/Pages/ECJ-Cosmetic-surgery-can-be-VAT-exempt.aspxOn 21 March 2013, the ECJ issued its decision in case C-92/12 PFC Clinic.Mon, 25 Mar 2013 10:30:06 GMTECJ: Tax authorities may not refuse VAT registrationhttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Indirect-Tax-Newsflash/Pages/ECJ-Tax-authorities-may-not-refuse-VAT-registration.aspxOn 14 March 2013, the ECJ issued its decision in case C-527/11 Ablessio SIA with respect to situations in which the tax authorities of Member States refuse to assign a VAT identification number to taxable persons.Mon, 25 Mar 2013 10:22:47 GMTMore severe penalties for tax evasionhttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Direct-Tax-Newsflash/Pages/More-severe-penalties-for-tax-evasion.aspxThe new Law has significantly increased the penalties for offences related to tax evasion.Mon, 25 Mar 2013 10:33:32 GMTChanges to the Norms to the Fiscal Codehttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Direct-Tax-Newsflash/Pages/Changes-Norms-Fiscal-Code-mar-2013.aspxExtensive amendments have been made to the Norms, as a result of the amendments to the Fiscal Code made by Government Ordinance no. 8 of 23 January 2013.Mon, 25 Mar 2013 08:18:50 GMTVAT – reverse charge on cerealshttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Indirect-Tax-Newsflash/Pages/VAT-reverse-charge-on-cereals.aspxIn October 2012, Romania asked to be authorised to continue to apply the reverse charge mechanism in relation to certain cereals and oilseeds.Mon, 25 Mar 2013 10:22:36 GMTTaxation of foreign companies in Romaniahttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Direct-Tax-Newsflash/Pages/Taxation-foreign-companies-in-Romania.aspxThe European Commission has issued a reasoned opinion for Romania in relation to amending the discriminatory tax treatment of foreign companies. Details are set out in a European Commission press release (MEMO/13/122, dated 21 February 2013).Mon, 04 Mar 2013 08:28:02 GMTConstitutional Court decision on the “clawback” taxhttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Direct-Tax-Newsflash/Pages/clawback-tax-february-2013.aspxThe Court has decided that the law provision according to which the value of drugs sales (calculation element for the “clawback” tax) also includes Value Added Tax is non-constitutional.Mon, 04 Mar 2013 08:27:51 GMTIncrease in excise duties for cigaretteshttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Indirect-Tax-Newsflash/Pages/Increase in excise duties for cigarettes-feb-2013.aspxFollowing Government Decision no. 50 on rates for specific excise duties expressed in EUR per 1000 cigarettes, as from 1 April 2013 the rate will rise from EUR 53.18 per 1000 cigarettes to EUR 56.71 per 1000 cigarettes.Mon, 25 Feb 2013 14:22:16 GMTFormalities imposed by the New Civil Procedure Codehttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Advisory/Legal-Newsflash/Pages/Formalities-imposed-by-the-New-Civil-Procedure-Code.aspxLaw no. 76 of 24 May 2012 imposes new obligations on companies in terms of their corporate name.Mon, 25 Feb 2013 14:18:19 GMTAmendments to fiscal legislationhttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Direct-Tax-Newsflash/Pages/Amendments-to-fiscal-legislation-january-2013.aspxOrdinance on amendments to the Fiscal Code has been published in the Official Journal of Romania (no. 54/2013).Tue, 29 Jan 2013 10:02:53 GMTChanges to tax forms 200 and 260 related to personal income taxhttp://www.kpmg.com/RO/en/IssuesAndInsights/ArticlesPublications/Newsflashes/Tax/Direct-Tax-Newsflash/Pages/Changes-to-tax-forms-200-and-260-related-to-personal-income-tax.aspxThe Order amends Order no. 52/2012 which approves the model and content of the forms listed in Title III of the Fiscal CodeThu, 24 Jan 2013 13:46:20 GMT