The amendments of the Fiscal Code in Romania

Alessandro_PasutIn the framework of amendments to the Fiscal Code, the types of services rendered abroad that are subject to a 16% tax rate have been expanded. They comprise management services, consulting services, marketing services, technical assistance services, research and design services, advertising and publicity services, and services rendered by lawyers, engineers, architects, notaries, accountants and auditors.

Clarifications have been introduced concerning the fiscal residency certificate of non-residents who are beneficiaries of income derived from Romania. As a consequence this document qualifies as authentic also when issued in an electronic format or online by the competent authority in the foreign state.

Further clarifications have been introduced regarding the taxable base and related VAT for supplies of goods or services performed between related parties that have limited deduction right, as well as regarding the taxable base for fixed assets.

The market value for supplies of goods and services performed between related parties is determined based on the same methods used to determine the market value for transfer pricing, when a comparable transaction can be identified.


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