Tax Bulletins

Content: 1. Order of the Ministry of Finance no. 10/2024 for determining the assets to be included in indicators I and A regulated in Article 181 para. (3) and Art. 183 para. (2) of Law no. 227/2015 regarding the Tax Code (“OMF 10/2024”) 2. Order of the Ministry of Finance no. 5433/2023 for establishing the companies operating in the oil and gas sectors according to Art. 183 para. (1) of Law no. 227/2015 regarding the Tax Code (“OMF 5433/2023”) 3. Order of the Ministry of Finance no. 5394/2023 regarding the main aspects concerning the drafting and filing of annual financial statements and annual accounting reports of economic operators to the territorial units of the Ministry of Finance (“OMF 5394/2023”) 4. Law no. 3/2024 on the ratification of the Agreement regarding social security concluded between Romania and the United States of America, signed in Bucharest on 23rd of March 2023 (“Law 3/2024”) 5. Law no. 431/2023 on ensuring a minimum level of taxation for multinational enterprise groups and large national groups (“Law 431/2023”) 6. Decision no. 1336/2023 for the modification and completion of the Methodological Norms for the application of Law no. 227/2015 regarding the Tax Code, approved by Government Decision no. 1/2016 (“Decision 1336/2023”) 7. Order no. 5/5/2024 for the approval of the Procedure regarding the establishment of the risk criteria that are the basis of the analysis, the application of smart seals and the monitoring of road transport of goods - RO e-Seal, as well as some forms (“Order 5/5/2024”)

Governmental Emergency Ordinance no. 98/2023 amending Article LXIV of Law no. 296/2023 regarding fiscal-budgetary measures to ensure Romania's long-term financial sustainability

Under Law 43/2023, the differences of principal and ancillary tax obligations established as a result of the reclassification of income from gift vouchers obtained by individuals from persons other than employers from the category of income from other sources to the category of income from salaries and assimilated to salaries are annulled. Thus, OPANAF 906/2023 approves the following

The European Commission published on 23 June 2023 a proposal allowing Romania to introduce generalised electronic invoicing starting with 1 January 2024. This procedure is necessary to allow Romania to derogate from Articles 218 and 232 of the EU VAT Directive, regarding electronic invoicing.

The rules for the application of the classic and simplified payment scheduling of outstanding tax debts have been modified through GEO 20/2023, the declared purpose being to improve the collection of taxes to the state budget. Thus, regarding the classic payment scheduling we mention the following: • Scheduling of tax debts for 6 months becomes more difficult to access in the absence of guarantees. • The scheduling shall not be allowed anymore for excise duties but shall be allowed for obligations representing European funds or public national funds related to European funds. • Keeping the scheduling is conditioned also by the payment of outstanding excise duties, in maximum 30 days starting from the date the decision for payment scheduling has been communicated.

Technology is part of our lives. And technological development leaves its mark on our lifestyle. We saw that in our own homes when we gave up our traditional landlines and used the fixed broadband Internet...