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…
If you are registered and logged in to the site, click on the link below to read the rest of the Jinga Maravela briefing. If not, please register or sign in with your details below.
Briefings from Jinga Maravela
This newsletter sets out in chronological order the main tax news/amendments published in the period of 1–31 January 2014.
Jinga Maravela looks at four recent legal rulings, including the updating of the national minimum gross wage and the postponed entry into force of the Civil Procedure Code.