Tax newsletter — 12 August 2013
The Government Ordinance no. 16/2013 on amendments and additions to the fiscal code and regulations of various fiscal-budgetary measures was published in the Official Gazette no. 490 on 2 August.
The most important changes are the introduction of the reduced VAT rate of nine per cent for the supply of bread and bakery products, flour and wheat and the increase in excise duties on ethyl alcohol, as well as the introduction of excise duties for luxury products such as jewellery, natural fur garments, yachts and cars with engine capacities greater than 3,000cc.
The ordinance introduces the VAT reverse charge mechanism for supplies of energy and for green certificate transactions and extends the deadline for the use of the VAT reverse charge mechanism for supply of cereals by 31 December 2018…
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Briefings from Jinga Maravela
Jinga Maravela has released the October issue of its Tax Newsletter, which includes amendments to the content of Form 100 and clarifications on the additional taxation for management severance payments.
Jinga Maravela has released the September issue of its Tax Newsletter, which includes amendments to the Fiscal Procedural Code and amendments to the contributions due to the Environmental Fund.