Jinga Maravela

Tax Newsletter — September 2013

The main amendments brought by Government Decision no. 613/2013 (published in the Official Gazette no. 528/2013) to the Methodological Norms for the application of the Fiscal Code are: the beneficial tax treatment applicable to contributions paid to Romanian private pension funds (deductibility of expenses capped to €400 per year for profit tax purposes) is extended also to contributions paid to private pension funds established in the European Union or in the European Economic Area; and clarifications in relation to the payment/reimbursement procedures of the excise duties due for beer and maximum guarantee thresholds to be established by the authorised fiscal warehouse keepers.

The enactment provides for the republishing of the Methodological Norms for the application of the Fiscal Code in the Official Gazette.

Through the amendment of the Fiscal Procedural Code, Government Ordinance no. 28/2013 (published in the Official Gazette no. 553/2013) provides the methods for the administration and payment of the income tax and the related social contributions owed by the taxpayers who obtain revenues from agricultural activities…

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