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Legislative Proposals August 2017

LEGISLATIVE PROPOSALS   We inform you that the Ministry of Finance has published on its website, on 4 august 2017, the Government Ordinance Project concerning the broken-down payment of VAT and on 7 august 2017 the Government Ordinance project for modification and completion of the law 227/2015 regarding the fiscal code.   A. AMENDMENTS TO…
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Declaring withholding tax for nonresident’s incomes

The tax on the revenues obtained by nonresidents from a Romanian resident is withheld according to the general rule set by the Fiscal Code (chapter VI). The Conventions for avoidance of double taxation concluded with other states may provide a more favorable taxation or even exemption of such revenues. The Romanian companies that make payments…
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