The Law no. 54/2015 on completing the article 73 of Law no. 571/2003 on the Tax Code was published in Official Gazette of Romania, Part I, no. 198 of 25th March 2015.
The Law completes the Tax Code provisions on taxing the incomes from agricultural activities, in the sense of reducing the income norm if no losses have been registered as result of certain adverse climatic events.
Thus, within the current year, for the incomes earned by natural persons, individually or by association, if there were losses as a result of certain adverse climatic events which can be related to natural disasters as frost, hail, glaze, floods, rainstorms, dryness, as well as to those wild animal products which affect over 30% of the surfaces destined to the vegetal/animal agricultural production owned, the income bracket is reduced proportionally with the respective lose.
The acknowledgment of damages and the evaluation of losses are made at the request of the natural persons / associations without legal personality, which perform agricultural activities for which the annual income is established based on income brackets by a commission called through the order of the prefect of Bucharest, at the proposal of the executive director of the county agricultural directorate / agricultural directorate of Bucharest, commission formed at local level by a representative of the mayoralty, a specialist of the Agency for Payments and Intervention for Agriculture, a representative of the county agricultural directorate / agricultural directorate of Bucharest and a representative of the regional general directorate of public finances within the National Agency for Fiscal Administration.
The procedures for applying the above-mentioned provisions are established through order of the President of the National Agency for Fiscal Administration with the opinion of the Ministry of Agriculture and Rural Development.
:: The Source: JURIDICE.ro