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Amendment of other orders of the Finance Minister

Monitorul Oficial al Romaniei no. 306/8 May 2012  has published Government Emergency Ordinance no. 15/8 May 2012 establishing measures in the sphere of health insurance and public finance.

The Ordinance amends the base of taxation for the persons obtaining income from pensions, specifying that the monthly calculation base of the contribution to the National Health Insurance Fund shall represent only that part of such income which exceeds RON 740.

Art. 2699 containing the abovementioned provision shall become effective when pensions are due to be paid for the month of May.

Monitorul Oficial no. 316/ 1 May 2012 has published Order no. 640/3 May 2012 of the President of the National Tax Administration Agency, approving the model and content of Form 307 – ”Declaraţie privind sumele rezultate din ajustarea taxei pe valoarea adăugată” [Declaration on the Amounts Resulting from the Adjustment of the Value Added Tax].

This Order amends the model and content of the aforesaid Form 307.

Monitorul Oficial no. 316/11 May 2012 has also published Order no. 647/2012 of the President of the National Tax Administration Agency amending Annex 1 to said President’s Order no. 50/2012 approving of the model and content of some of the Forms provided under Title III of Law no. 571/2003, regarding the Tax Code.

In particular, the new Order amends Form 221 – „Declaraţie privind veniturile din activităţi agricole impuse pe norme de venit” [Declaration on the Income Achieved from Agricultural Activities Subject to Lump-sum Tax].

TAX ALERT by Mazars Consulting / MAZARS ROMANIA

* Note: You may find Romanian, German and French versions of the newsletter in Mazars’ archive

* TAX ALERT contains a selection of the latest major issues occurred in the Romanian legislative framework, is intended only to provide information and, hence, shall not be deemed to provide professional advice or consultancy.  Therefore, we assume no responsibility in this respect.

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