Emergency Ordnance no. 79/08.11.2017 regarding the changes and the addition of the Law no. 227/2015 regarding the Tax Code  – main topics:  

1. The transposing in the national law of the provisions of the Directive 2016/1164/EU, for the control of the externalization of the profits of the multinational companies – valid from January 1st, 2018;
2. The change of the taxation system for microenterprises – valid from January 1st, 2018;
3. The change of the right of VAT deduction – valid from January 1st, 2018;
4. Social contributions, the applicable quotas for the income tax, changes of personal deductions, changes regarding the taxation of PFA – from January 1st, 2018.

 Example of salary calculation before and after January 2018

ECOVIS Romania – Tax Alert – 15.11.2017 – EN