Let us inform you about latest updates and changes in Romanian legislation in our September edition of “Tax & Fiscal Alert“:
- Changes to the Fiscal Code
- Revision of the fiscal record certificate
Changes to the Fiscal Code
Profit tax
According to Fiscal Code Changes, following expenses shall be considered as tax – deductible:
- Costs incurred by operators with the evaluation / revaluation of fixed assets belonging to the public domain (entered into force on 5 September 2011)
- Registration costs in land book or real estate books of the belonging goods to public domain that are under administration or concession agreements (entered into force on 5 September 2011)
Revision of the fiscal record certificate
Reorganization of fiscal record was made due to the prevention and to fight against the fiscal evasion and to pursuit better fiscal discipline of the tax payers. Within mentioned fiscal record shall be kept following data: evidence of all natural and legal persons, associates, shareholders and legal representatives of the legal persons which have committed any deeds sanctioned by the fiscal, financial or custom laws.
Please find more information in attached document.
In case of any questions or remarks, please feel free to contact us. You can find all contact details in attached document.
