LEGAL BRIEFS
BY TUCA ZBARCEA & ASOCIATII
Law no. 296/2023 on some fiscal and budgetary measures to ensure Romania's long-term financial sustainability was published in the Official Gazette no. 977/27.10.2023.
Relevant highlights:
Tax measures:
• Minimum turnover tax;
• Additional tax for credit institutions;
• Additional tax for companies operating in the oil and gas sectors;
• Microenterprise tax;
• Income tax;
• Social security contributions;
• Special tax on immovable and movable property of high value;
• VAT;
• Excise duties.
Measures to strengthen financial and fiscal discipline:
• General implementation of RO e-Invoice system
• Implementation of RO e-Seal system.
Measures to ensure tax compliance:
• Measures to prevent and combat illegal economic activities;
• Strengthening financial discipline and combating tax evasion;
• Elimination of the possibility to pay half of the minimum fine.
To read more, please download the .pdf attached.
01 Nov • PDF