Law no. 296/2023 published in the Official Gazette, Part I no. 977 of October 27, 2023, brings significant changes to the Fiscal Code, and new regulations for the Romanian economic environment for strengthening the financial and fiscal discipline, improve voluntary compliance for the goods road carriers, latest updates regarding the e-invoice implementation and RO e-sealing.

Please see below a summary of the most important topics, prepared by TGS Romania tax experts.

You can click on each topic for a detailed description.

Corporate Income Tax

Additional tax for credit institutions, Romanian legal entities, and Romanian branches of credit institutions — foreign legal entities

Additional tax for legal entities carrying out activities in the oil and natural gas sectors

Taxes on the income of micro-enterprises

VAT

Income tax and mandatory social contributions

Meal vouchers and holiday vouchers & Other salaries provisions

Income from independent activities & unidentifiable sources

Excise duties and other special charges

Special tax on high-value immovable and movable property

The obligation to report invoices issued in the national RO e-Invoice system is extended

RO e-Seal – A New System is introduced

TGS Romania team offers you technical advice regarding the implications of these legislative changes, as well as the fiscal situations and cases that might be encountered in current activity.

For more details and clarifications, we are at your disposal at the following e-mail addresses:

Mihaela Rosu, Partner BPO & Tax TGS Romania m.rosu@tgs-romania.com
Cristian Faica, Senior Tax Manager TGS Romania c.faica@tgs-romania.com