The Official Gazzette of Romania, part.1, no. 48 of 22nd January 2012 has published Government Decision no. 20/2013 regarding the modification and addition of METHODOLOGICAL DIRECTIONS in application of title VII ” Excises and other special taxes” from Law no. 571/2003 regarding the Tax Code, approved through Government Ordinance no.44/2004 for approval of Methodological Directions in application of Law no. 571/2003 of the Tax Code.
The methodological directions refer to Title VII – Excises and other special taxes in the Tax Code and have been adopted as a consequence of the new modifications of the Tax Code in the area of tax warehouses for storage of excisable products.
Some of the new stipulations are:
– Specification of excisable product groups which can be stored in a tax warehouse under duty-suspension arrangements
– Correlation of stipulations regarding reauthorization of traders that keep goods in warehousesafter the expiration of the authorization
– Specification of the medium trimestral volume of outputs of excisable products which must be completed for a functioning tax warehouse
– The establishment of the minimum subscribed and paid-in share capital which must be constituted by authorized traders for storage of excisable goods.
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