Government Ordinance no 3/2017, Official Gazette 16/06.01.2017
Starting with 6 of January 2017, the limit of the revenues used for categorize a company as a microenterprise increases from 100.000EURO to 500.000EURO.
Starting with 1st of February 2017, the income tax due by the microenterprises is:
• 1% if the company has at least 1 employee
• 3% if the company has no employees
The exchange rate used for established the limit of 500.000EURO is the BNR exchange rate from the last day of the previous year.
The companies who paid corporate tax in 2016 and reported revenues under 500.0000EURO have the obligation to pay tax on profit for JANUARY 2017 until 25 of February 2017.
Starting with 1st of February they will pay tax on revenues: 1% or 3%, depending on the number of employees.
Starting with 6st of January 2017 the companies who performed exclusively activities of innovation, research and development are exempted from corporate tax for a period of 10 years. The above activities are defined by GO 57/2002.
Law no 1 / 06.01.2017, MO 15 / 06.01.2017
Starting with 1st of February 2017 a lot of non-fiscal taxes were removed, the most known are:
– Radio and TV charges
– Stamp tax for vehicle registration;
– Taxes due at Register of Trade
– Taxes for issue of the criminal and fiscal record
– Consular and citizenship fees
– Additional charges for issuing the temporary passport
The above information represents a summary of the recently published information, with no purpose of providing consultancy. FINACO cannot be held responsible because of using the information contained in this document.
For further information, please contact:
Florica Cira | Tax advisor
Calea Turzii 111C, ap.3, Cluj Napoca
Tel: (40) 364 113 331; Fax: (40) 364 113 330