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In this issue:

New Tax Code


Accounting

No. 9
September 2015

Nr. 9
Septembrie 2015

Legislative
summary

Buletin
legislativ

New Tax Code

Noul Cod Fiscal

The new Tax Code has been published


in the Official Gazette

Noul Cod fiscal a fost publicat in


Monitorul Oficial

(Law no. 227/2015 regarding the Tax


Code, published in the Official Gazette
no. 688 of 10 September 2015)

(Legea nr. 227/2015 privind Codul fiscal,


publicat n Monitorul Oficial nr. 688 din
10 septembrie 2015)

Law no. 227/2015 regarding the Tax Code


was enacted and published in the Official
Gazette on 10 September 2015.

Legea nr. 227/2015 privind Codul fiscal a


fost promulgat i publicat n Monitorul
Oficial n data de 10 septembrie 2015.

The provisions of the new Tax Code will


enter into force, with certain exceptions,
starting with 1 January 2016.

Prevederile noului Cod fiscal vor intra n


vigoare, cu unele excepii, ncepnd cu
data de 1 ianuarie 2016.

Please refer to our Tax Alert


no. 21/September 2015 for the most
important amendments as compared to
the currently applicable version of the Tax
Code (Law no. 571/2003, as subsequently
amended and completed), covering all tax
categories, as well as social security
contributions.

V rugm s consultai Buletinul Fiscal


nr. 21/septembrie 2015 pentru cele mai
importante modificri fa de varianta nc
n vigoare a Codului fiscal (Legea
nr. 571/2003, cu modificrile i
completrile ulterioare), care acoper
toate categoriile de impozite i taxe,
precum i contribuii sociale.

Amendments to the new Tax Code

Completri aduse noului Cod Fiscal

(Emergency Ordinance no. 41/2015 for


the amendment and completion of certain
laws, as well as for the regulation of
certain budgetary measures, published in
the Official Gazette no. 733 of
30 September 2015)

(Ordonana de urgen nr. 41/2015 pentru


modificarea i completarea unor acte
normative, precum i pentru
reglementarea unor msuri bugetare,
publicat n Monitorul Oficial nr. 733 din
30 septembrie 2015)

The Emergency Ordinance introduces a


new provision amending Law
no. 227/2015 regarding the Tax Code,
stipulating that, in case the Local Council
is dissolved, the level of local taxes can be
approved through the Mayors decision.

Ordonana de urgen introduce o nou


prevedere care completeaz Legea
nr. 227/2015 privind Codul fiscal,
menionnd c, n cazul n care Consiliul
Local este dizolvat, nivelul impozitelor i
taxelor locale poate fi aprobat prin
dispoziia primarului.

Income tax and social charges


De minimis state aid schemes
Miscellanous

_________________________
This update is accurate to the best of
our knowledge at the time of issue. It
is, however, meant as a general guide
and comes with the recommendation
that professional advice be sought
before any action is taken.

n aceast ediie:
Noul Cod Fiscal
Contabilitate
Impozit pe venit i contribuii
sociale
Scheme de ajutor de stat
Diverse

_________________________
Acest material este conform
informaiilor pe care le deinem la
momentul redactrii. El are un
caracter informativ i de aceea se
recomand apelarea la asisten
specializat nainte de a ntreprinde
orice aciune n baza lui.

All rights reserved.


EY 2015

Legislative summary I Buletin legislativ

In case the Local Council is dissolved and the Mayor cannot


exercise his duties, the level of local taxes and fees can be
approved through the local administrative unit Secretarys
decision or any person appointed through the Local Public
Administration Law no. 215/2001, having the approval of the
County Administration of Public Finance.

n cazul n care Consiliul Local este dizolvat i primarul nu i


poate exercita atribuiile, nivelul impozitelor i taxelor locale
poate fi aprobat prin decizia secretarului unitii administrativteritoriale sau de ctre persoana desemnat de Legea
administraiei publice locale nr. 215/2001, cu avizul administraiei
judeene a finanelor publice.

Accounting

Contabilitate

New methodological norms for booking the main


reorganization operations

Noi norme metodologice pentru reflectarea n contabilitate a


principalelor operaiuni de reorganizare

(Order no. 897/2015 approving the norms for booking the main
operations related to the merger, spin-off, dissolution and
liquidation of companies, as well as the withdrawal or exclusion
of certain partners from companies, published in the Official
Gazette no. 711 and 711 bis of 22 September 2015)

(Ordinul nr. 897/2015 pentru aprobarea normelor metodologice


privind reflectarea n contabilitate a principalelor operaiuni de
fuziune, divizare, dizolvare i lichidare a societilor, precum i
de retragere sau excludere a unor asociai din cadrul societilor,
publicat n Monitorul Oficial nr. 711 i 711 bis din 22 septembrie
2015)

The Order approves the new methodological norms for booking


the main reorganization operations, which became effective on
22 September 2015.

Ordinul aprob noile norme metodologice pentru reflectarea n


contabilitate a principalelor operaiuni de reorganizare, ce au
intrat n vigoare n data de 22 septembrie 2015.

Upon the effective date, the Order no. 1.376/2004 approving the
norms for booking the main operations related to the merger,
spin-off, dissolution and liquidation of companies, as well as the
withdrawal or exclusion of certain partners from trading
companies and the tax treatment thereof has been repealed.

La data intrrii n vigoare, Ordinul nr. 1.376/2004 pentru


aprobarea normelor metodologice privind reflectarea n
contabilitate a principalelor operaiuni de fuziune, divizare,
dizolvare i lichidare a societilor comerciale, precum i
retragerea sau excluderea unor asociai din cadrul societilor
comerciale i tratamentul fiscal al acestora a fost abrogat.

Please refer to our Tax Alert no. 22/October 2015 for the most
important amendments and clarifications brought by the new
methodological norms.

V rugm s consultai Buletinul Fiscal nr. 22/octombrie 2015


pentru cele mai importante modificri i clarificri aduse de noile
norme metodologice.

Income tax and social charges

Impozit pe venit i contribuii sociale

Income tax

Impozit pe venit

Reduction of income norm for agricultural activities for


losses caused by natural disasters

Reducerea normei de venit, n cazul activitilor agricole


pentru pierderile cauzate de dezastre naturale

(Order no. 2.204/2015 regarding the approval of the Procedure


for the reduction of the income norm for agricultural activities and
for the approval of certain forms, published in the Official Gazette
no. 684 of 9 September 2015)

(Ordinul nr. 2.204/2015 privind aprobarea Procedurii de reducere


a normei de venit n cazul activitilor agricole i pentru
aprobarea unor formulare, publicat n Monitorul Oficial nr. 684
din 9 septembrie 2015)

The Order introduces the procedure which needs to be followed


by individuals who are performing agricultural activities, as
individuals or through an association with other individuals, to
benefit of the reduction of the income norm in the case of natural
disasters that will cause them loses.

Ordinul introduce procedura ce trebuie urmat de persoanele


fizice care desfoar activiti agricole, individual sau ntr-o
form de asociere, pentru a beneficia de reducerea normei de
venit ca urmare a unor fenomene meteorologice asimilate
dezastrelor naturale ce le produc pierderi.

Social charges

Contribuii sociale

Agreement on social security between Romania and


Republic of Albania

Acordul dintre Romnia i Republica Albania n domeniul


securitii sociale

(Decree no. 727/2015 addressed to the Parliament in order to


ratify the social security agreement concluded between Romania
and the Republic of Albania, published in the Official Gazette no.
703 of 18 September 2015)

(Decretul nr. 727/2015 pentru supunerea spre ratificare


Parlamentului a Acordului dintre Romnia i Republica Albania
n domeniul securitii sociale, publicat n Monitorul Oficial nr.
703 din 18 septembrie 2015)

Legislative summary I Buletin legislativ

The decree addresses for ratification to the Parliament the


Agreement on social security concluded between Romania and
the Republic of Albania signed on 27 February 2015.

Decretul supune spre ratificare Parlamentului Acordul dintre


Romnia i Republica Albania n domeniul securitii sociale
semnat la Bucuresti la 27 februarie 2015.

Approval of the annual forms for establishing the health


fund contribution

Aprobarea formularelor anuale pentru stabilirea contribuiei


de asigurri sociale de sntate

(Order no. 2.319 /2015 regarding the approval of form 630


regarding the annual assessment of the health fund contribution
and form 632 for cancelation of the annual decision regarding
the health fund contribution due, published in the Official Gazette
no. 709 of 22 September 2015)

(Ordinul nr. 2.319/2015 pentru aprobarea formularului 630 de


impunere anual pentru stabilirea contribuiei de asigurri
sociale de sntate i a formularului 632 de desfiinare a deciziei
de impunere anual pentru stabilirea contribuiei de asigurri
sociale de sntate, publicat n Monitorul Oficial nr. 709 din
22 septembrie 2015)

The order approves forms 630 and 632 regarding the annual tax
decision/cancelation of the annual decision for health fund
contribution due by taxpayers who derive income from demise of
goods.

Ordinul aprob formularele 630 i 632 referitoare la decizia de


impunere/ desfiinarea deciziei de impunere anuale pentru
stabilirea contribuiei de asigurari sociale de sntate datorat
de ctre contribuabilii care realizeaz venituri din cedarea
folosinei bunurilor.

De minimis state aid schemes

Scheme de ajutor de stat

During September 2015, the following normative acts in the field


of the minimis state aid schemes were published in the Official
Gazettes:

n luna septembrie 2015, urmtoarele acte normative n


domeniul schemelor de ajutor de stat au fost publicate n
Monitoarele Oficiale:

Order approving the procedure for implementing the


transparent de minimis aid scheme provided under the
National multi-annual program supporting arts and crafts,
published in the Official Gazette no. 712 of
22 September 2015;
Order approving the procedure for implementing the
transparent de minimis aid scheme provided under the
National multi-annual program for setting-up and
development of technological and business incubators,
published in the Official Gazette no. 689 of
11 September 2015;
Order amending the Procedure for implementing the
transparent de minimis aid scheme provided under the
Program for development of entrepreneurial skills among
young people and facilitating the access to finance - START,
approved by Order of the Ministry of Energy, small and
medium enterprises and business environment
no. 741/2015, published in the Official Gazette no. 687 of
10 September 2015;
Order amending the Procedure for implementing the
transparent de minimis aid scheme provided under the
Program for development and modernization of the market
services and products selling, approved by Order of the
Ministry of Energy, small and medium enterprises and
business environment no. 794/2015, published in the Official
Gazette no. 687 of 10 September 2015;

Order approving the State aid scheme supporting the


development of innovative products and services, which is a
component of priority axis 2, investment priority 2b Development of ICT products, e-commerce services and
enhancing demand for ICT, action 2.2.1 "Support the growth
of the ICT sectors added value and innovation in the field by
developing clusters" of the Competitiveness Operational
Program 2014-2020, published in the Official Gazette
no. 677 of 7 September 2015.

Ordin privind aprobarea Procedurii de implementare a


schemei transparente de ajutor de minimis prevzute n
cadrul Programului naional multianual pentru susinerea
meteugurilor i artizanatului, publicat n Monitorul Oficial
nr. 712 din 22 septembrie 2015;
Ordin privind aprobarea Procedurii de implementare a
schemei transparente de ajutor de minimis prevzute n
cadrul Programului naional multianual de nfiinare i
dezvoltare de incubatoare tehnologice i de afaceri, publicat
n Monitorul Oficial nr. 689 din 11 septembrie 2015;
Ordin privind modificarea Procedurii de implementare a
schemei transparente de ajutor de minimis prevzute n
cadrul Programului pentru dezvoltarea abilitilor
antreprenoriale n rndul tinerilor i facilitarea accesului la
finanare START, aprobat prin Ordinul ministrului
energiei, ntreprinderilor mici i mijlocii i mediului de afaceri
nr. 741/2015, publicat n Monitorul Oficial nr. 687 din
10 septembrie 2015;
Ordin privind modificarea Procedurii de implementare a
schemei transparente de ajutor de minimis prevzute n
cadrul Programului de dezvoltare i modernizare a
activitilor de comercializare a produselor i serviciilor de
pia, aprobat prin Ordinul ministrului energiei,
ntreprinderilor mici i mijlocii i mediului de afaceri
nr. 794/2015, publicat n Monitorul Oficial nr. 687 din
10 septembrie 2015;
Ordin privind aprobarea Schemei de ajutor de stat pentru
sprijinirea dezvoltrii de produse i servicii inovative, care
este o component aferent axei prioritare 2, prioritatea de
investiie 2b Dezvoltarea produselor i serviciilor TIC a
comerului electronic i a cererii de TIC, aciunea 2.2.1
Sprijinirea creterii valorii adugate generate de sectorul
TIC i a inovrii n domeniu prin dezvoltarea de clustere,
din cadrul Programului operaional Competitivitate
2014-2020, publicat n Monitorul Oficial nr. 677 din
7 septembrie 2015.

Legislative summary I Buletin legislativ

Miscellaneous

Diverse

The Romanian Chamber of Deputies supports the initiative


of the European Commission as regards the mandatory
exchange of tax information

Camera Deputailor a Romniei susine iniiativa Comisiei


Europene privind schimbul obligatoriu de informaii n
domeniul fiscal

(Decision no. 70/2015 as regards the approval of the opinion


regarding the proposal of a Councils Directive for amending the
2011/16/EU Directive concerning the mandatory automatic
exchange of tax information, published in the Official Gazette
no. 694 of 15 September 2015)

(Decizia nr. 70/2015 privind aprobarea opiniei referitoare la


propunerea de Directiv a Consiliului de modificare a Directivei
2011/16/UE n ceea ce privete schimbul automat obligatoriu de
informaii n domeniul fiscal, publicat n Monitorul Oficial nr. 694
din 15 septembrie 2015)

The Chamber of Deputies sustains the initiative of the European


Commission as regards the need to improve and harmonize the
exchange of tax information between EU Member States, for the
purpose of preventing certain tax abusive practices conducted by
companies.

Camera Deputailor salut iniiativa Comisiei Europene n ceea


ce privete nevoia de a mbunti i armoniza schimbul de
informaii fiscale ntre statele membre UE, cu scopul de a
mpiedica anumite practici fiscale abuzive ntreprinse de
societi.

In this respect, the Chamber of Deputies supports the


implementation of the proposed amendments to the 2011/16/EU
Directive as regards the administrative cooperation in the field of
taxation, to enforce a mandatory exchange of advanced tax
rulings between tax administrations of EU Member States. The
Chamber of Deputies considers that the exchange of advanced
tax rulings should not be performed retroactively, but only from
the entry into force of the amendments.

n acest sens, Camera Deputailor susine implementarea


modificrilor propuse asupra Directivei 2011/16/UE n ceea ce
privete cooperarea administrativ n domeniul fiscal, impunerea
unui schimb automat, n anumite condiii, al deciziilor fiscale n
avans ntre administraiile fiscale ale statelor membre UE.
Camera Deputailor consider c schimbul deciziilor fiscale n
avans nu ar trebui s se aplice retroactiv, ci numai dup intrarea
n vigoare a modificrilor.

The Romanian Chamber of Deputies supports the initiative


of the European Commission as regards the prevention of
tax evasion

Camera Deputailor a Romniei susine iniiativa Comisiei


Europene privind combaterea evaziunii fiscale

(Decision no. 71/2015 as regards the approval of the opinion


regarding the Communication of the Commission towards the
European Parliament and Council, on tax transparency to fight
tax evasion and avoidance, published in the Official Gazette
no. 694 of 15 September 2015)

(Decizia nr. 71/2015 privind aprobarea opiniei referitoare la


Comunicarea Comisiei ctre Parlamentul European i Consiliu
privind transparena fiscal n scopul combaterii evaziunii fiscale
licite i ilicite, publicat n Monitorul Oficial nr. 694 din
15 septembrie 2015)

The Chamber of Deputies supports the initiative of the European


Commission to fight against tax evasion and avoidance and
sustains the European Commissions communication towards
the European Parliament COM (2015) 136 Communication on
tax transparency to fight tax evasion and avoidance.

Camera Deputailor salut iniiativa Comisiei Europene de a


aciona mpotriva evaziunii fiscale licite i ilicite i susine
comunicarea Comisiei Europene ctre Parlamentul European
COM (2015) Comunicarea 136 privind transparena fiscal n
scopul combaterii evaziunii fiscale licite i ilicite.

Moreover, the Chamber of Deputies mentions that Romania


assumed, within the domestic legislation, the implementation of
the OECD TP Guidelines. However, it recognizes that the
Romanian legislation contains limited provisions regarding the
TP rules for financial transactions and the concept of intangible
assets.

Mai mult, Camera Deputailor menioneaz c Romnia i-a


asumat, n cadrul legislaiei naionale, implementarea Liniilor
directoare privind preurile de transfer emise de OCDE. Cu toate
acestea, admite c legislaia romneasc conine prevederi
limitate privind tranzaciile financiare, prin prisma preurilor de
transfer, i conceptul de active necorporale.

Romania United Kingdom Income Tax Treaty

Convenia dintre Romania i Regatul Unit al Marii Britanii i


Irlandei de Nord pentru evitarea dublei impuneri cu privire la
impozitele pe venit i ctiguri de capital

(IBFD Tax Research Platform - News)

(IBFD Tax Research Platform tiri)

The Romanian Government authorized the negotiations for


revising the Romania United Kingdom Income Tax Treaty on
23 September 2015.

Guvernul Romniei a autorizat negocierile privind modificarea


Conveniei dintre Romania i Regatul Unit al Marii Britanii i
Irlandei de Nord pentru evitarea dublei impuneri cu privire la
impozitele pe venit i ctiguri de capital n data de
23 septembrie 2015.

Legislative summary I Buletin legislativ

Romania Bulgaria Income and Capital Tax Treaty

Convenia dintre Romnia i Bulgaria pentru evitarea dublei


impuneri cu privire la impozitele pe venit i ctiguri de
capital

(IBFD Tax Research Platform - News)

(IBFD Tax Research Platform tiri)

The new Income and Capital Tax Treaty signed between


Romania and Bulgaria on 24 April 2015 has been approved by
the Bulgarian National Assembly on 10 September 2015.

Noua Convenie pentru evitarea dublei impuneri cu privire la


impozitele pe venit i ctiguri de capital semnat ntre Romnia
i Bulgaria n data de 24 aprilie 2015 a fost aprobat de ctre
Parlamentul Bulgariei n data de 10 septembrie 2015.

Once in force and effective, the new tax treaty will replace the
existing Romania Bulgaria Income and Capital Tax Treaty
(1994).

Odat intrat n vigoare i efectiv, noua convenie va nlocui


Convenia existent dintre Romnia i Bulgaria pentru evitarea
dublei impuneri cu privire la impozitele pe venit i ctiguri de
capital (1994).

Romania Moldova Income and Capital Tax Treaty

Convenia dintre Romnia i Moldova pentru evitarea dublei


impuneri cu privire la impozitele pe venit i ctigurile de
capital

(IBFD Tax Research Platform - News)

(IBFD Tax Research Platform tiri)

According to a press release published on the Moldavian


Ministry of Finance website on 9 September 2015, the first round
of negotiations for a new tax treaty between Romania and
Moldova was held in Bucharest at the beginning of September
2015.

Conform unui comunicat de pres publicat pe website-ul


Ministerul de Finane din Moldova n data de 9 septembrie 2015,
prima rund de negocieri pentru o nou convenie ntre Romnia
i Bulgaria a fost organizat la Bucureti la nceputul lunii
septembrie 2015.

Once signed, in force and effective, the new tax treaty will
replace the existing Romania Moldova Income and Capital Tax
Treaty (1995).

Odat semnat, intrat n vigoare i efectiv, noua convenie va


nlocui Convenia existent dintre Romnia i Moldova pentru
evitarea dublei impuneri cu privire la impozitele pe venit i
ctiguri de capital (1995).

For additional information, please contact:

Pentru informaii suplimentare, persoana de contact este:

Alexander Milcev, Partner Head of Tax and Legal

Alexander Milcev, Partener Director al Departamentului de


Asisten fiscal si juridic
Ernst & Young SRL i Radu i Asociaii SPRL
Bd. Ion Mihalache nr. 15-17
Cldirea Bucharest Tower Center, etaj 22
Sector 1, 011171, Bucureti, Romnia
Tel: (40-21) 402 4000, Fax: (40-21) 310 7124
Email: office@ro.ey.com

Ernst & Young SRL and Radu i Asociaii SPRL


15-17 Ion Mihalache Blvd.
nd
Bucharest Tower Center Building, 22 Floor
Sector 1, 011171, Bucharest, Romania
Tel: (40-21) 402 4000, Fax: (40-21) 310 7124
Email: office@ro.ey.com

Legislative summary I Buletin legislativ