Although it is mid January only, we continue witnessing changes to the forms and procedures for the declaration of tax obligations.
Monitorul Oficial al Romaniei No 17 / 9 January 2013 has published Order No 1992 / 27 December 2012 of the President of the National Tax Administration Agency, which amends Annex No 2 to Order No 3.596 / 2011 of the same President, regarding the declaration of supplies of goods / services and of acquisitions performed in the national territory by entities registered for VAT purposes, and approves the model and content of the informative statement on supplies of goods / services and acquisitions performed in the national territory by entities registered for VAT purposes.
The Order provides for a change in the condition for reporting data in Informative Statement 394. Thus, the supplies of goods / services and the acquisitions performed in the national territory by entities registered for VAT purposes shall be reported in the Statement subject to the invoice issuing date (even if the chargeable event has not occurred in the reporting period). In addition, the Order mentions that Statement 394 shall also specify the invoices to which the new VAT system (i.e. VAT is chargeable on collection of payment) has been applied.
The Order provisions shall become effective on 1 February 2013 (in the case of operations performed in January 2013).
Monitorul Oficial No 16 / 9 January 2013 has published Order No 1985 / 21 December 2012 of the President of the National Tax Administration Agency approving of the Procedure for the registration of fiduciary contracts, the Procedure for the registration of lease agreements, as well as of the model and content of certain forms.
This Order approves of the procedures for the registration of fiduciary contracts and lease agreements with the competent tax authority, and of the declarations which should be submitted for the registration of the two types of contracts.
These provisions come into force on the date of publication in Monitorul Oficial.
Monitorul Oficial No 18 / 9 January 2013 has published Government Ordinance No 1 / 9 January 2013 which regulates financial and tax measures related to local taxes.
The Ordinance provides for the possibility for local public administrations to adopt resolutions on lower tax brackets in 2013, which should not be higher than those in 2012.
The Ordinance provisions become applicable three days after their publication in Monitorul Oficial.
TAX ALERT by Mazars Consulting / MAZARS ROMANIA
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* TAX ALERTcontains 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.