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Closing the fiscal year 2011

Closing the fiscal year 2011: The Official Gazette of Romania, part I, no. 119 dated the 16th of February 2012 published the Order of president of the National Agency for Fiscal Administration for changing the Order of president of the National Agency for Fiscal Administration no. 101/2008. This order brings clarifications regarding the term for the submission of the annual statement of profit tax for 2011 by the contributors who chose to complete the closing of the financial exercise 2011 until the 25th of February 2012. So, for this category of contributors the term for the submission of the profit tax statement for 2011 is the 25th of March 2012, without any obligation to submit the form 100 for the profit tax for the 4th trimester of 2011. * * * New forms for cancelling/cutting down the penalties for delay: The Official Gazette of Romania, part I, no. 120 dated the 17th of February 2012 published the Ministry of Finances’ Order no. 163/2012 concerning the approval of the issued forms in the application of provisions of the article XI of the Government Ordinance no. 30/2011 for changing and completing the Law 571/2003 concerning the Fiscal Code, as well as for regulating certain financial-fiscal measures. The regulatory establishes the cancelling decision of the penalties for delay, as well as the cutting down decision of the penalties for delay, in the application of provisions of the article XI of the Government Ordinance no. 30/2011 for changing and completing the Fiscal Code. We remember that, according to the GO no. 30/2011for changing and completing the Fiscal Code, it can benefit of the cancellation or cutting down the penalties for delay for the main fiscal obligations left at 31st of August 2011, as follows: cancelling the penalties for delay, as well as cancelling a share of 50% of the delay increasing tax of these main fiscal obligations, if the main obligations and the its rates are off until 31st of December 2011; cutting down with 50% the penalties for delay, as well as cutting down with 50% a share of 50% of the delay increasing tax of these main fiscal obligations, if the main obligations and the its rates are off until 30th of June 2012. * * * The modification and completion of the occupations’ classification in Romania: The Official Gazette of Romania, part I, no. 128 dated the 22nd of February 2012 was published the Ministry of Labor, Family and Social Protection and the National Institute of Statistics’ common Order no. 177/81/2012 concerning the modification and completion of the occupations’ classification in Romania – occupation level (six characters), approved by the Ministry of labor, family and social protection and by the president of the National Institute of Statistics’ Order no. 1.832/856/2011. The Order changes and completes the occupations’ classification in Romania – occupation level (six characters) with new occupations practiced in the national economy. Among the occupations introduced by the OCR are: expert/specialist in the public-private partnership, assessor of the cultural assets, TV journalist (with secondary education, upper or senior), magician master, specialist in e-Business, specialist in the social economy, TV producer. The regulatory provides the deletion of certain occupations, like: justice inspector, justice counselor, professional justice reviewer, general inspector of court, general inspector of notary, land registry book leader. * * * The consumer price index used for calculating the anticipated payments of profit tax: The Official Gazette of Romania, part I, no. 122 dated the 20th of February 2012 was published the Minister of Finances’ Order no. 225/2012 concerning the consumer price index used for updating the anticipated payments in the annual profit tax account. According to the regulatory, for the fiscal year 2012, the consumer price index used for updating the anticipated payments in the annual profit tax account is 3.5%.

Andreea Roxana TUDOROIU

 

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