Official Monitory no. 817 of 03.11.2015 & Emergency Order no. 50 of October 27th, 2015 for the modification and addition of the Law no. 227/2015 regarding the Fiscal Code and of the Law no. 207/2015 regarding the Fiscal Procedure Code I – Taxation system for microenterprises Starting with January 1st, 2016 the turnover that classifies an entity
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Official Monitory no. 785 of 21.10.2015 & Emergency Order no. 44 of October 14th 2015 regarding the granting of fiscal facilities The fiscal facilities introduced by the Emergency Order refer to the cancelling of all penalties for overdue payments, and also of a quota of 54.2% of the interests, due to the main payment duties
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The new Romanian Fiscal Code will take effect January 1, 2016 The new legislation is a mixed bag. It contains fewer positive measures for businesses and individuals than originally planned, but there are still benefits. The new Romanian Fiscal Code was adopted on September 10, 2015, but most measures will apply starting January 1, 2016.
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