You are on page 1of 12

v

Tax Newsflash
Issue
2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.

Amendments to the Fiscal
Code starting 1 January 2014

Modificri ale Codului Fiscal
ncepnd cu 1 ianuarie 2014
Government Emergency Ordinance no. 102/2013 on
amendments to the Fiscal Code and regulations of some
financial-fiscal measures (the Ordinance) has been published
in the Official Journal of Romania (no. 703; 15 November
2013).
The Ordinance is applicable starting 1 January 2014.
We list below the most important changes that the Ordinance
makes to the Fiscal Code.

n Monitorul Oficial nr. 703 din 15 noiembrie 2013 a fost
publicat Ordonana de Urgen a Guvernului nr. 102/2013
pentru modificarea i completarea Codului Fiscal i
reglementarea unor msuri financiar-fiscale (n continuare
Ordonana).
Prevederile ordonanei intr n vigoare la data de 1 ianuarie
2014.
V prezentm n continuare principalele modificri aduse
Codului Fiscal.
KPMG comment:
The main purpose of the measures is to achieve a wider
taxable base, in areas like property taxation, now below the
average level of taxation in the European Union, and excise
duties, to eliminate the impact of a lower foreign exchange rate
used. Other measures are aimed at aligning tax provisions to
EU law and the removal of uncertainty in assessment of the
taxable base. To stimulate investment, favourable holding
regime measures have also been introduced.

Comentariu KPMG:
Scopul declarat al msurilor l constituie n principal lrgirea
bazei de impozitare, n materia impozitrii construciilor, de la
nivelul actual aflat sub media european, i a accizelor,
pentru eliminarea influenei scderii cursului de schimb pe
baza cror acestea se calculeaz. Alte msuri vizeaz
alinierea la norme de drept comunitar sau eliminarea unor
incertitudini legate de modul de stabilire a bazei impozabile.
Ca masuri de stimulare, a investiiilor, sunt introduse prevederi
favorabile regimului de holding.
Tax on constructions Impozitul pe construcii
Taxpayers
Romanian legal entities, other than public institutions,
national research and development institutions and non-
profit entities.
Foreign legal entities which carry out activity through a
permanent establishment in Romania.
Legal entities which have their headquarters in Romania,
established according to European legislation.
For financial leasing, the taxpayer is the lessee, while for
operational leasing transactions this status is attributed to the
lessor.

Contribuabili
Persoanele juridice romne, altele dect instituiile publice,
institutele naionale de cercetare-dezvoltare i entitile
fr scop patrimonial.
Persoanele juridice strine care desfoar activitate prin
intermediul unui sediu permanent n Romnia.
Persoanele juridice cu sediu social n Romnia nfiinate
potrivit legislaiei europene.
n cazul operaiunilor de leasing financiar, calitatea de
contribuabil o are utilizatorul, iar n cadrul operaiunilor de
leasing operaional, calitatea de contribuabil o are locatorul.
Tax rate and taxable base
The tax rate of 1.5% is applied to the inventory value of
buildings owned by taxpayers at 31 December of the previous
year (constructions under group 1 from the Catalogue on the
Classification and Normal Useful Lives of Fixed Assets,
approved by Government Decision no. 2139/2004, with
applicable amendments), from which we deduct:

The value of buildings for which building tax is owed

Cota de impozitare i baza impozabil
Cota de impozitare, de 1,5%, se aplic asupra valorii
construciilor existente n patrimoniul contribuabililor la data de
31 decembrie a anului anterior (construciile prevzute n
grupa 1 din Catalogul privind clasificarea i duratele normale
de funcionare a mijloacelor fixe, aprobat prin Hotrrea
Guvernului nr.2139/2004, cu modificrile ulterioare), din care
se scade:
valoarea cldirilor pentru care se datoreaz impozit pe
289
304


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
2
according to Title IX (Local taxes), by the taxpayer or the
owner, as appropriate (including the value of
reconstruction, improvement, consolidation, modification,
or extension of rented buildings, or buildings that are the
object of a concession, administration or usage
agreement).
The value of constructions that are state property or are
about to be transferred into the property of central or local
state authorities.
The value of constructions from subgroup 1.2.9. Terraced
farmland, fruit-growing plantations and vineyards from the
Catalogue on the Classification and Normal Useful Lives
of Fixed Assets, approved by Government Decision no.
2139/2004, with subsequent amendments).
Tax on constructions is deductible for the purposes of
calculating corporate income tax.
cldiri, potrivit prevederilor titlului IX (Impozite i taxe
locale), de ctre contribuabil sau proprietar, dup caz
(inclusiv valoarea lucrrilor de reconstruire, modernizare,
consolidare, modificare sau extindere pentru cldirile
nchiriate, luate n concesiune, aflate n administrare ori n
folosin);
valoarea construciilor aflate sau care urmeaz s fie
trecute n proprietatea statului sau a unitilor administrativ
teritoriale;
valoarea construciilor din subgrupa 1.2.9. Terase pe
arabil, plantaii pomicole i viticole din Catalogul privind
clasificarea i duratele normale de funcionare a
mijloacelor fixe, aprobat prin Hotrrea Guvernului
nr.2139/2004, cu modificrile ulterioare.
Cheltuiala cu impozitul pe construcii este cheltuial
deductibil la stabilirea profitului impozabil.
Declaration and payment
The tax is required to be calculated and declared no later than
25 May for the year to which it relates.
The tax must be paid in two equal instalments, no later than 25
May and 25 September.
Newly-established taxpayers owe the tax on constructions
starting from the tax year following that in which they are
established.

Declarare i plat
Termenul pentru calculul i declararea impozitul va fi data de
25 mai, inclusiv, a anului pentru care se datoreaz impozitul.
Impozitul va fi pltit n dou rate egale, pn la data de 25 mai
i 25 septembrie, inclusiv.
Contribuabilii nou-nfiinai datoreaz impozitul pe construcii
ncepnd cu anul fiscal urmtor.
KPMG comment:
The newly introduced tax on constructions is expected to have
a significant impact on companies from industries like
telecommunications, energy, natural resources and real
estate, but companies from other industries may be affected
as well.

Comentariu KPMG:
Nou-introdusul impozit pe construcii va avea un impact major
asupra companiilor din domenii ca: telecomunicaii, energie,
resurse naturale, imobiliare, ns companiile din multe alte
industrii pot fi afectate.
Corporate income tax
Option for a tax year different from the calendar year
Taxpayers which have opted for a financial year that is
different from the calendar year, according to accounting
legislation, may also choose to have a tax year which
corresponds to the financial year. The change must be
communicated to the tax authorities at least 30 days before the
start of the modified tax year.
Impozitul pe profit
Opiune pentru an fiscal diferit de anul calendaristic
Contribuabilii care, n conformitate cu legislaia contabil, au
optat pentru un exerciiu financiar diferit de anul calendaristic,
pot opta ca anul fiscal s corespund exerciiului financiar.
Modificarea va fi comunicat organelor fiscale cu cel puin 30
de zile naintea nceperii anului fiscal modificat.
For taxpayers opting for a tax year that is different from the
calendar year, the annual corporate income tax return must be
filed by the 25
th
of the third month after the end of the modified
tax year.

n cazul contribuabililor care opteaz pentru un an fiscal diferit
de anul calendaristic, declaraia anual de impozit pe profit se
va depune pn la data de 25 a celei de-a treia luni de la
nchiderea anului fiscal modificat.
Taxpayers which opt to change their tax year and envisage
applying the deferred payment system will need to
communicate their option to the tax authorities within 30 days
of the start of the modified tax year.

Contribuabilii care opteaz pentru modificarea anului fiscal i
intenioneaz s aplice sistemul de pli anticipate vor trebui
s comunice autoritilor fiscale aceast opiune n termen de
30 de zile de la data nceperii anului fiscal modificat.


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
3
The following transitory provisions will be applicable upon
modification of the tax year:
The first modified tax year will also include the period from
the previous calendar year between 1 January and the
day before the first day of the modified tax year; this will
represent a single tax year.

If the modified tax year starts in the second or third month
of the calendar quarter, taxpayers must file a quarterly
corporate income tax return for the first month or the first
two months of the relevant quarter, which will represent a
separate quarter. The tax must be declared and paid by
the 25th of the month following the quarter.



Similarly, for taxpayers using the deferred payment
system, whose modified tax year starts in the second or
third month of the quarter, the first month or the first two
months of the quarter will constitute a separate quarter..
These taxpayers will owe deferred tax payments
amounting to 1/12 of the tax payable for the previous year,
for every month of the quarter.

La modificarea anului fiscal se vor aplica urmtoarele dispoziii
tranzitorii:
Primul an fiscal modificat va include i perioada anterioar
din anul calendaristic cuprins ntre 1 ianuarie i ziua
anterioar primei zile a anului fiscal modificat, acesta
reprezentnd un singur an fiscal.

n cazul n care anul fiscal modificat ncepe n a doua,
respectiv a treia lun a trimestrului calendaristic,
contribuabilii au obligaia de a depune o declaraie
trimestrial de impozit pe profit pentru prima, respectiv
primele dou luni ale trimestrului calendaristic respectiv,
acestea constituind un trimestru separat. Declararea i
plata impozitului se va efectua pn la data de 25 a lunii
urmtoare trimestrului.

n mod similar, contribuabilii care aplic sistemul de pli
anticipate pentru care anul fiscal modificat ncepe n a
doua lun, respectiv a treia lun a trimestrului, prima lun,
respectiv primele dou luni ale trimestrului vor constitui un
trimestru pentru care se datoreaz pli anticipate n sum
de 1/12 din impozitul datorat pentru anul precedent, pentru
fiecare lun a trimestrului.
Non-taxable revenues (holding regime)
A number of sources of revenue have now become non-
taxable (in addition to dividends, for which there is no
change). These include revenues derived from the sale
or transfer of shares and proceeds from liquidation,
whether the legal entities in which the company holds
shares are Romanian or foreign entities from states
with which Romania has concluded Double Tax
Treaties (including those outside the EU). These
revenues are non-taxable, provided that certain conditions
are met (at the time of the sale/transfer transaction or at
the time when the liquidation process starts, the
seller/transferor must have owned at least 10% of the
share capital of the foreign legal entity for an uninterrupted
period of at least 1 year).

The minimum continuous holding period for a
shareholding of minimum 10% to treat revenues from
dividends as non-taxable revenues for corporate tax
purposes has been reduced from 2 years to 1 year (at
the date of the dividend payment).

The minimum continuous holding period has also been
lowered to 1 year for tax exemption of dividends paid
by a Romanian legal entity to another Romanian legal
entity.


Venituri neimpozabile (regim holding)
Se includ n categoria veniturilor neimpozabile la calculul
impozitului pe profit, alturi de venituri din dividende, i
veniturile din vnzarea/cesionarea titlurilor de
participare i veniturile din lichidare, indiferent dac
persoanele juridice la care sunt deinute titluri de
participare sunt persoane juridice romne sau strine,
din state cu care Romnia are ncheiate convenii de
evitare a dublei impuneri (inclusiv din afara UE).
Aceste venituri sunt neimpozabile dac se ndeplinesc
anumite condiii (dac la data vnzrii/cesionrii titlurilor
de participare sau la data nceperii operaiunii de lichidare
se mplinete perioada minim de 1 an de deinere
nentrerupt a unei participaii de minim 10%).


Se reduce de la 2 ani la 1 an perioada minim de
deinere nentrerupt a unei participaii de minim 10%
(la data plii dividendelor), condiie impus pentru ca
veniturile din dividende s fie neimpozabile la calculul
profitului impozabil.

Perioada minim de deinere a fost redus la un an i n
cazul scutirii de impozit pentru dividendele pltite de
ctre o persoan juridic romn unei alte persoane
juridice romne.


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
4
Carry forward of non-deductible interest expenses
and net foreign exchange losses
The right to carry forward interest expenses and net foreign
exchange losses for taxpayers which cease their operations as
a result of a merger or de-merger operation may now be
transferred to newly-established taxpayers, or to those which
take over the assets and liabilities of the absorbed or divided
company, as appropriate, proportionally with the assets, equity
and liabilities transferred to the beneficiary legal entities, as
provided in the merger/de-merger plan.
For taxpayers which do not cease their operations as a result
of a merger or de-merger operation, the right to carry forward
interest expenses and net foreign exchange losses must be
divided between themselves and the taxpayers which partially
take over the assets and liabilities of the transferor,
proportionally to the transferred assets, equity and liabilities,
according to the de-merger plan.

Reportarea cheltuielilor cu dobnzile i a pierderilor
nete din diferene de curs valutar
n cazul contribuabililor care i nceteaz existena ca urmare
a unei operaiuni de fuziune sau divizare, dreptul de reportare
a cheltuielilor cu dobnzile i cu pierderea net din diferenele
de curs valutar se transfer contribuabililor nou-nfiinai,
respectiv celor care preiau patrimoniul societii absorbite sau
divizate, dup caz, proporional cu activele i pasivele
transferate persoanelor juridice beneficiare, potrivit proiectului
de fuziune/divizare.
n cazul contribuabililor care nu i nceteaz existena ca efect
al unei operaiuni de divizare parial, dreptul de reportare a
cheltuielilor cu dobnzile i cu pierderea net din diferenele
de curs valutar se mparte ntre aceti contribuabili i cei care
preiau parial patrimoniul societii cedente, proporional cu
activele i pasivele transferate, potrivit proiectului de divizare.
Sponsorship expenses
A new facility has been introduced allowing the carrying
forward for a period of 7 consecutive years of amounts
representing sponsorship expenses which were not deducted
from corporate income tax (for example, when a fiscal loss is
recorded).
Furthermore, it is anticipated that the calculation method for
the 0.3% turnover limitation will be detailed in the norms for
situations where the applicable accounting regulations do not
define the turnover indicator (for example, in the case of
financial institutions).

Cheltuieli cu sponsorizarea
A fost introdus posibilitatea reportrii pe o perioad de 7 ani
consecutivi a sumelor reprezentnd cheltuieli cu sponsorizarea
care nu au fost sczute din impozitul pe profit (spre exemplu,
n situaia n care este nregistrat pierdere fiscal).

De asemenea, se prevede c modul de calcul al limitei de 3 la
mie din cifra de afaceri va fi detaliat n norme pentru situaiile
n care reglementrile contabile aplicabile nu definesc
indicatorul cifra de afaceri (spre exemplu, n cazul instituiilor
financiare).
Tax credits taken by Romanian permanent
establishments of non-resident companies
The Ordinance states that a Romanian permanent
establishment of a legal entity that is resident in a state of the
European Economic Area (EEA), which derives revenues from
another member state of the EEA, can deduct the tax paid in
the state where the revenue was derived from, calculated
according to Title II of the Fiscal Code, if that revenue has
been taxed both in Romania, as well as in the state where the
revenue was derived from.

Credit fiscal pentru sediile permanente din Romnia
ale persoanelor juridice nerezidente
Ordonana introduce prevederi conform crora un sediu
permanent aflat n Romnia al unei persoane juridice rezidente
ntr-un stat al Spaiului Economic European (SEE) care obine
venituri dintr-un alt stat membru SEE, iar acele venituri sunt
impozitate att n Romnia, ct i n statul unde au fost
obinute veniturile, i poate deduce impozitul pltit n statul de
unde au fost obinute veniturile din impozitul pe profit calculat
conform Titlului II din Codul Fiscal.
To deduct this tax, the taxpayer must provide the necessary
documentation to demonstrate that the tax was paid in the
state where the revenue came from.

Deducerea impozitul anterior menionat poate fi efectuat cu
condiia existenei documentaiei necesare din care s rezulte
faptul c impozitul a fost pltit n statul n care veniturile au fost
obinute.
If the legal entity with a Romanian permanent establishment is
resident in Liechtenstein a juridical instrument must be
concluded between Romania and Liechtenstein, allowing the
exchange of information.

n cazul n care persoana juridic cu sediul permanent n
Romnia este rezident ntr-un stat membru SEE, altul dect
un stat membru UE (n spe, Islanda, Liechtenstein sau
Norvegia), este necesar ca Romnia s fi ncheiat un
instrument juridic n baza cruia s se realizeze schimbul de
informaii cu acel stat.


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
5
Tax on micro-enterprises
Consulting and management income
Conditions under which a micro-enterprise taxpayer is
reclassified as a standard corporate income tax payer have
been clarified.
The Ordinance states that the micro-enterprise tax system will
apply only if consulting and management income do not
exceed 20% of total revenues. If this threshold or the 65,000
euro threshold for total revenues is exceeded, the company
will pay corporate income tax starting with the quarter when
any one of these limits has been exceeded.
Impozitul pe veniturile microntreprinderilor
Venituri din consultan i management
Condiiile de ncadrare a unei persoane juridice romne ca
pltitoare de impozit pe veniturile microntreprinderilor au fost
clarificate n ce privete cuantumul veniturilor din consultan
i management necesar pentru ca persoana juridic respectiv
s devin pltitor de impozit pe profit.
Astfel, sistemul de plat pe veniturile microntreprinderilor se
va aplica doar dac ponderea veniturilor din consultan i
management n veniturile totale nu depete 20%. n cazul
depirii acestui prag sau al celui de 65.000 euro privind
veniturile totale, persoana juridic respectiv va plti impozit
pe profit ncepnd cu trimestrul n care s-a depit oricare
dintre aceste limite.
Taxable base
Income from exchange rate differences will be deducted from
the taxable revenues base, and therefore, for the 4
th
quarter of
the financial year, this base may represent only the favourable
differences between revenues and expenses from exchange
rate differences.

Baza impozabil
Din veniturile supuse impozitului vor fi sczute veniturile din
diferene de curs valutar, urmnd ca baza impozabil s
cuprind, n trimestrul IV, doar diferenele favorabile dintre
veniturile i cheltuielile din diferene de curs valutar.
Also, the taxable base will be diminished / increased by the
amount of any commercial discount given/received further to
invoicing services.

De asemenea, baza impozabil va fi ajustat n minus cu
reducerile comerciale acordate ulterior facturrii, respectiv n
plus cu reducerile comerciale primite ulterior facturrii.
Tax on income derived by non-residents
Dividends
To support holding companies, the Ordinance reduces the
holding period (minimum 10% in the share capital of a
Romanian legal entity) from 2 years to 1 year. This
amendment will allow tax exempt dividends to be paid to non-
resident legal entities, in line with EU Directive 2011/96 (the
Parent-Subsidiary Directive).

Impozitul pe veniturile nerezidenilor
Dividende
n contextul favorizrii societilor de tip holding, Ordonana
prevede reducerea de la 2 ani la 1 an a perioadei de deinere
a minimum 10% n capitalul social al unei persoane juridice
romne, n vederea acordrii scutirii de impozit pe dividendele
pltite ctre persoane juridice nerezidente, conform
prevederilor Directivei 2011/96/EU privind regimul fiscal comun
care se aplica societilor mam i filialelor.
Interest and royalties
The Ordinance reduces the scope of EU Directive 2003/49 on
the common system of taxation applicable to interest and
royalty payments made between associated companies of
different Member States.


Dobnzi i redevene
Ordonana prevede restrngerea sferei de aplicare a
prevederilor Directivei 2003/49/EC privind un sistem comun de
impozitare aplicabil plilor de dobnzi i redevene efectuate
ntre societi asociate din state membre diferite.
Consequently, the provisions of the Directive will be applicable
only to EU Member States, and not to European Free Trade
Association (EFTA) members which are not in the EU (Iceland,
Lichtenstein and Norway). This is based on the fact that the
legal forms of EFTA beneficial owners receiving the interest
and royalties are not stated in the list of types of entities
eligible for deduction.

Astfel, prevederile directivei se vor aplica doar pentru statele
membre UE, nu i pentru cele aparinnd Asociaiei Europene
a Liberului Schimb (AELS) Islanda, Liechtenstein i Norvegia
ntruct forma legal a societilor beneficiare efective a
dobnzilor i redevenelor prezente in AELS nu se regsete
n lista tipurilor de societi care pot beneficia de scutire.
Personal income tax and social security
contributions
For income derived from independent activities, the Ordinance
provides for the deductibility of interest on loans from
Impozit pe venit i contribuii sociale
obligatorii
Pentru veniturile din activiti independente se prevede
deductibilitatea limitat a dobnzilor aferente mprumuturilor


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
6
individuals and entities other than financial institutions, within
the limit on interest specified in Title II, of the Fiscal Code.

de la persoane fizice i juridice, altele dect instituii de
creditare, n limita ratei dobnzii prevzut la Titlul II, Codul
Fiscal.

When determining the monthly income tax for beneficiaries of
salary income from the primary place of work, the following are
admitted for deduction from the gross salary:

Se admit la deducerea din venitul brut salarial pentru
determinarea impozitului lunar n cazul beneficiarilor de
venituri din salarii la locul unde se afl funcia de baz, a
urmtoarelor:

Contributions to voluntary pension funds established


in EU/EEA member states and qualified as such by
the Financial Supervision Authority, up to EUR 400
per year per participant;


- contribuii la schemele de pensii facultative stabilite in
state membre UE/SEE si calificate astfel de ctre
Autoritatea de Supraveghere Financiara, n limita a
400 de euro pe an per participant;

Monthly mandatory social security contributions,


whether due in Romania according to local law or in
another states, according to the EU regulations, or
bilateral conventions / agreements on the
coordination of social security systems.


- contribuiile sociale obligatorii aferente unei luni,
indiferent dac acestea sunt datorate n Romnia
potrivit legislaiei locale sau ntr-un alt stat, potrivit
prevederilor Uniunii Europene, sau conveniei/acordului
privind coordonarea sistemelor de securitate social
relevant.
The provisions which allowed taxpayers to opt to determine
the net income from leasing in the simple accounting system
have been revoked.


Se abrog prevederile referitoare la opiunea contribuabililor
de a determina venitului net din arend n sistem real.
A new article has been added to clarify the deductibility of
health insurance contributions under Title IX
2,
in the case of
rental income regardless of how the net income is determined.

Se introduce un nou articol care clarific dreptul de deducere a
contribuiilor de asigurri sociale de sntate prevzute la titlul
IX
2
, n cazul realizrii de venituri din cedarea folosinei
bunurilor, indiferent de felul in care se determin venitul net.
The Ordinance states that income received by individuals in
the form of advertising materials, brochures, samples or bonus
points awarded to stimulate sales is deemed as non-taxable
income.

Se prevede c veniturile primite de persoanele fizice sub
form de materiale publicitare, pliante, mostre, puncte bonus,
acordate cu scopul stimulrii vnzrilor, sunt neimpozabile.
A new provision has been introduced, stating that if during the
statute of limitations period, the tax authorities observe non-
filing of income tax returns, the due payment date is the
deadline for the issuance of annual tax assessments.

Se introduce o prevedere conform creia, n cazul n care n
perioada de prescripie se constata nedepunerea declaraiei
de venit, termenul scadent al obligaiei de plat este termenul
limit prevzut pentru emiterea deciziilor anuale de impunere.
The Ordinance states that individuals who are residents in an
EEA Member State will benefit from the same deductions as
individuals resident in Romania when the basis for calculating
taxable income is determined. These deductions are granted
within the limits set by Romanian legislation and only if the
resident of an EEA member state provides supporting
documents and the deductions have not been made in that
persons state of residence. These provisions apply to
individuals who are resident in EU member states as well as to
those who are resident in EEA, states which are not EU
members, but with which Romania has concluded a legal
instrument for the exchange of information.

Se introduce prevederea conform creia persoanele fizice
rezidente ntr-un stat membru UE/SEE beneficiaz, la
stabilirea bazei de calcul pentru venitul impozabil, de aceleai
deduceri ca i persoana fizic rezident n Romnia.
Respectivele deduceri se acord n limita stabilit de legislaia
romn i doar dac persoana rezident ntr-un stat membru
SEE prezint documente justificative i dac acestea nu au
fost deduse n statul de rezident al persoanei. Aceste
prevederi nu se aplic persoanelor fizice rezidente ntr-un stat
membru SEE, altul dect un stat membru UE, cu care
Romnia nu are ncheiat un instrument juridic privind schimbul
de informaii.
Foreign income similar to income obtained in Romania that is
not subject to income tax under the provisions of the Fiscal
Code, will also be deemed non-taxable in Romania.

n cazul veniturilor obinute din strintate de natura celor
obinute din Romnia i neimpozabile n conformitate cu
prevederile Codului Fiscal, este prevzut acelai tratament
fiscal ca i pentru cele obinute din Romnia.


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
7
Value added tax

Taxa pe valoarea adugat
Deduction right for VAT related to acquisitions
performed by / from inactive / VAT de-registered
taxpayers

Dreptul de deducere a TVA aferente achiziiilor
efectuate de ctre / de la contribuabili inactivi / a
cror nregistrare n scopuri de TVA a fost anulat.

Changes have been made to the rules on the restriction of
inactive taxpayers and of taxpayers purchasing goods and
services from inactive taxpayers to deduct the VAT related to
the acquisitions made during the inactivity period.

Au fost aduse modificri cu privire la restricia contribuabililor
inactivi i a contribuabililor care achiziioneaz bunuri i servicii
de la contribuabili inactivi de a-i deduce TVA aferente
achiziiilor efectuate pe parcursul perioadei de inactivitate.
Given that the restriction will apply only to taxpayers
established in Romania, according to the new provisions,
inactive taxable persons that are not established in Romania
and taxable persons acquiring goods/services from these
taxpayers will have the right to deduct VAT related to the
acquisitions made during the inactivity period.

ntruct restricia se va aplica doar persoanelor stabilite n
Romnia, conform noilor prevederi, persoanele inactive care
nu sunt stabilite n Romnia, precum i persoanele care
achiziioneaz bunuri/servicii de la astfel de persoane vor avea
dreptul de a-i deduce TVA aferent achiziiilor efectuate pe
perioada inactivitii.
These amendments will apply similarly to the restriction on
deduction of VAT related to acquisitions performed by / from
taxpayers de-registered for VAT purposes under art. 153,
par. (9), letter b) e) of the Fiscal Code.

Aceste modificri se vor aplica n mod similar i n cazul
restriciei de a deduce TVA aferente achiziiilor efectuate de
ctre / de la contribuabili crora li s-a anulat nregistrarea n
scopuri de TVA conform art. 153, alin. (9), lit. b) e) din Codul
Fiscal.

Recharge of insurance for leasing services

Refacturarea asigurrii n cazul serviciilor de leasing
Amounts paid by a taxable person in the name of and on
behalf of another person and which are settled at a later stage,
where the lessor which insures, on its own, goods subject to a
leasing contract and subsequently recharges to the lessee the
cost of the insurance, are not included in the VAT taxable
base.

Sumele achitate de ctre o persoan impozabil n numele i
n contul altei persoane i care se deconteaz acesteia
ulterior, n cazul unui locator care asigur el nsui un bun care
face obiectul unui contract de leasing i care refactureaz
locatarului costul asigurrii, nu sunt cuprinse n baza de
impozitare a TVA.
KPMG comment:

The European Court of Justice has ruled, in case C-224/11
BGZ Leasing sp. Z.o.o, that, where the lessor insures the
leased item itself and re-charges the exact cost of the
insurance to the lessee, this type of transaction constitutes a
supply of insurance services, which is VAT exempt without
credit (and not an operation outside the scope of VAT).
Therefore, this decision has not been properly transposed into
law.

Comentariu KPMG:

Curtea European de Justiie a decis, n cazul C-224/11 BGZ
Leasing sp. Z.o.o, c, atunci cnd locatorul asigur el nsui
bunul care face obiectul leasingului i refactureaz locatarului
costul exact al asigurrii, o astfel de operaiune constituie o
prestare de servicii de asigurare, scutit de TVA fr drept de
deducere (i nu o operaiune n afara sferei de aplicare a
TVA). Prin urmare, aceast hotrre nu a fost transpus n
mod corespunztor n legislaie.
The adjustment of the VAT taxable base
Clarifications have been made with respect to the
adjustment of the VAT taxable base. Specifically, the
new provisions indicate that the applicability of the
possibility to adjust the VAT taxable base has been
extended to any total/partial termination of a contract
for a supply of goods/services, without being limited to
the total/partial cancellation of an operation (as per the
Ajustarea bazei de impozitare a TVA
S-au adus clarificri cu privire la ajustarea bazei de
impozitarea TVA. Mai exact, din noile prevederi reiese
faptul c sfera de aplicabilitate a posibilitii de ajustare
a bazei de impozitare a TVA a fost extins asupra
oricrui caz n care se desfiineaz total/parial
contractul aferent unei operaiuni, nemaifiind limitat la
situaia anulrii totale/pariale a unei operaiuni (aa


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
8
previous provisions).
VAT exemptions for goods / services related to
ships
cum stipula textul de lege anterior).
Scutirile de TVA aferente livrrilor de bunuri /
prestrilor de servicii n legtur cu nave
According to the new provisions, these exemptions are
applicable to supplies of goods / services to vessels used for
navigation on the high seas, used for carrying passengers /
goods for reward, for commercial / industrial / fishing activities,
for rescue or assistance at sea, or for inshore fishing.

Conform noilor prevederi, aceste scutiri sunt aplicabile livrrilor
de bunuri / prestrilor de servicii ctre nave atribuite navigaiei
n largul mrii, utilizate pentru transportul de cltori / bunuri
cu plat, pentru activiti comerciale, industriale sau de
pescuit, pentru salvare ori asisten pe mare sau pentru
pescuitul de coast.
VAT refunds to taxable persons that are not VAT
registered in Romania and VAT refunds by other
Member States to taxable persons established in
Romania
Rambursarea TVA ctre persoane impozabile
nenregistrate n scopuri de TVA n Romnia i
rambursarea TVA de ctre alte State Membre ctre
persoane impozabile stabilite n Romnia
According to the new provisions, taxable persons which are
neither established, nor registered / required to register for
VAT purposes in Romania, may benefit from VAT refunds
related to imports and acquisitions of goods / services
performed in Romania, without the refund being conditional on
the payment of the consideration for the respective purchases.

Conform noilor prevederi, persoanele impozabile nestabilite n
Romnia, nenregistrate i care nu sunt obligate s se
nregistreze n scopuri de TVA n Romnia, pot beneficia de
rambursarea TVA aferente importurilor i achiziiilor de bunuri /
servicii efectuate n Romnia, fr ca aceasta s mai fie
condiionat de achitarea contravalorii achiziiilor respective.
The same provision applies for taxable persons established in
Romania that request VAT refunds for imports and acquisitions
of goods / services performed in another Member State.

Aceeai precizare este aplicabil i persoanelor impozabile
stabilite n Romnia care solicit rambursarea TVA aferente
importurilor i achiziiilor de bunuri / servicii efectuate n alt
Stat Membru.
KPMG comment:
This amendment aims to align local legislation with European
law, to avoid the initiation of the infringement procedure for
imposing supplementary obligations on VAT refunds.

Comentariu KPMG:
Aceast modificare a avut drept scop alinierea legislaiei locale
la cea european, n vederea evitrii declanrii procedurii de
infringement pentru impunerea de obligaii suplimentare
privind rambursrile TVA.
VAT adjustments Ajustarea TVA
VAT initially deducted must not be adjusted for (capital)
goods that have been destroyed, lost or stolen, when
these situations are appropriately demonstrated or
confirmed by the taxable person (without these situations
being limited to natural disasters or force majeure, as
provided until now).
Nu se ajusteaz deducerea iniial a taxei n cazul
bunurilor (de capital) distruse, pierdute sau furate, n
condiiile n care aceste situaii sunt demonstrate sau
confirmate n mod corespunztor de ctre persoana
impozabil (fr a se mai limita situaiile la calamiti
naturale sau cauze de for major, aa cum era prevzut
pn acum);
VAT initially deducted in the specific case of stolen
(capital) goods must not be adjusted when these
situations are demonstrated based on justifying
documents issued by judicial bodies (and not based on a
final court judgment, as provided until now).
TVA dedus iniial n cazul specific al bunurilor (de capital)
furate nu se ajusteaz dac aceste situaii sunt
demonstrate pe baza actelor doveditoare emise de ctre
organele judiciare (i nu pe baza unei hotrri
judectoreti definitive, aa cum era prevzut pn acum);
Damaged goods, scrap tangible fixed assets (other than
capital goods), perishable goods, technological losses
and/or, other consumptions as appropriate are no longer
Bunurile de natura stocurilor degradate calitativ, activele
corporale fixe casate (altele dect bunurile de capital),
perisabilitile, pierderile tehnologice i/sau, dup caz, alte


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
9
mentioned in the list of situations not subject to VAT
adjustments;
consumuri proprii nu mai sunt menionate n mod specific
n lista situaiilor care nu fac obiectul ajustrii TVA;
KPMG comment:
However, no clarifications have been made so far as to
whether or not such goods are to be treated as destroyed, lost
or stolen goods (for which VAT adjustments are not required,
under certain conditions).

Comentariu KPMG:
Nu s-au adus, ns, clarificri cu privire la msura n care
astfel de bunuri sunt sau nu incluse n categoria celor distruse,
pierdute sau furate (pentru care ajustarea TVA nu este
impus, n anumite condiii).
Deducted input VAT incurred on capital goods subject to
the 50% VAT deduction right limitation must not be
adjusted.
Bunurile de capital care fac obiectul limitrii la 50% a
dreptului de deducere a TVA nu sunt supuse ajustrii
TVA.
VAT registration nregistrarea n scopuri de TVA
Taxable persons carrying out financial-banking and/or
insurance operations, to clients established outside the EU (as
well as similar operations directly connected with goods to be
exported outside the EU or similar operations carried out by
intermediaries acting in the name of and on behalf of others,
where the latter take part in these transactions), are required
to register for VAT purposes.

Persoanele impozabile care desfoar operaiuni financiar-
bancare i / sau de asigurare, ctre clieni stabilii n afara
Comunitii (precum i astfel de operaiuni n legtur direct
cu bunuri care vor fi exportate ntr-un stat din afara Comunitii
sau astfel de operaiuni efectuate de intermediari care
acioneaz n numele i n contul altei persoane, atunci cnd
acetia intervin n derularea acestor operaiuni), au obligaia
de a se nregistra n scopuri de TVA.
KPMG comment:
The change is meant to allow these taxpayers the possibility to
recover the tax incurred on purchases of goods/services
performed for the purposes of carrying out these transactions,
which constitute supplies of services giving rise to VAT
deduction right (although outside the scope of Romanian
VAT).

Comentariu KPMG:
Aceast modificare are rolul de a le acorda contribuabililor
respectivi posibilitatea de a-i recupera taxa aferent
achiziiilor de bunuri/servicii efectuate n vederea efecturii
tranzaciilor mai sus menionate, care reprezint prestri de
servicii ce dau drept de deducere a TVA (dei neimpozabile n
Romnia).
Excise duties
Increase in excise duties

Accize
Creterea nivelului accizelor
Starting from 1 January 2014, excise duties will increase for
several energy products, as follows:
Leaded gasoline: from 547 EUR/tonne to 637.91
EUR/tonne, and from 421.19 EUR/1,000 liters, to 491.19
EUR/1.000 liters.
Unleaded gasoline: from 467 EUR/tonne to 557.91
EUR/tonne, and from 359.59 EUR/1,000 liters, to 429.59
EUR/1,000 liters.
Diesel fuel: from 391 EUR/tonne to 437.85 EUR/tonne,
and from 330.395 EUR/1,000 liters to 400.359 EUR/1,000
liters.
Kerosene used as motor fuel: from 469.89 EUR/tonne to
557.39 EUR/tonne, and from 375.91 EUR/1,000 liters to
445.91 EUR/1.000 liters.

ncepnd cu 1 ianuarie 2014, va crete nivelul accizelor pentru
anumite produse energetice, dup cum urmeaz:
benzin cu plumb: de la 547 euro/ton la 637,91
euro/ton, respectiv de la 421,19 euro/1.000 litri, la 491,19
euro/1.000 litri;
benzin fr plumb: de la 467 euro/ton la 557,91
euro/ton, respectiv de la 359,59 euro/1.000 litri, la 429,59
euro/1.000 litri;
motorin: de la 391 euro/ton la 473,85 euro/ton,
respectiv de la 330,395 euro/1.000 litri la 400,359
euro/1.000 litri;
petrol lampant (kerosen) utilizat drept combustibil
pentru motor: de la 469,89 euro/ton la 557,39
euro/ton, respectiv de la 375,91 euro/1.000 litri 445,91
euro/1.000 litri.
Conversion to RON of the amounts expressed in EUR

Conversia n lei a sumelor exprimate in euro


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
1
0
The amount in RON of excise duties and tax on oil from
domestic production is determined based on the RON-EUR
exchange rate published in the Official Journal of the
European Union, set on the first working day of October of the
previous year.

Valoarea n lei a accizelor i a impozitului la ieiul din
producia intern, se determin pe baza cursului de schimb
leu-euro publicat n Jurnalul Oficial al Uniunii Europene, stabilit
n prima zi lucrtoare a lunii octombrie din anul precedent.
If the exchange rate on the first working day of October from
the previous year is lower than the exchange rate on the first
working day of October of the year before the previous one,
the amount in RON of excise duties and tax on oil from
domestic production is determined based on the exchange
rate on the first working day of October of the year before the
previous one, updated with the annual average of the
Consumer Price Index calculated in September of the previous
year, communicated by the National Institute of Statistics, no
later than 15 October.


ncepnd cu 1 ianuarie 2014, n situaia n care cursul de
schimb valutar stabilit n prima zi lucrtoare a lunii octombrie
din anul precedent este mai mic dect cursul valutar stabilit n
prima zi lucrtoare a lunii octombrie din anul anterior anului
precedent, valoarea n lei a accizelor i a impozitului la ieiul
din producia intern se determin pe baza cursului de schimb
valutar stabilit n prima zi lucrtoare a lunii octombrie din anul
anterior anului precedent, actualizat cu media anual a
indicelui preurilor de consum calculat n luna septembrie din
anul precedent, comunicat oficial de Institutul Naional de
Statistic, pn la data de 15 octombrie.
KPMG comment:
Since the exchange rate on the first working day of October
2013 is lower than the rate established in the previous year
(i.e. RON/EUR 4.4485 compared to RON/EUR 4.5223 in
October 2012), the exchange rate to be used to determine
excise duties and tax on oil in 2014 will be RON 4.7380/1 EUR
(i.e. 4.5223 indexed by 104.77% - the annual average of the
Consumer Price Index calculated in September 2013).

Hence, taking into consideration the aggregated effect of using
this increased exchange rate, and the increase in the level of
excise duties expressed in euros per specific quantity, starting
from 1 January 2014, the excise duties and the tax on oil will
increase by 6.4% compared to the rate set in the legislation in
force before the adoption of the Ordinance, except for the
following energy products for which the increase is higher:
For leaded gasoline, excise duty will increase by
approximately 23%.
For unleaded gasoline, excise duty will increase by
approximately 25.9%.
For diesel fuel, excise duty will increase by
approximately 27.6%.
For kerosene used as motor fuel, excise duty will
increase by approximately 25%.


Comentariu KPMG:
Deoarece cursul de schimb valutar stabilit n prima zi
lucrtoare din octombrie 2013 este mai mic dect cursul de
schimb stabilit n anul anterior (respectiv 4,4485 RON/EUR
fa de 4,5223 RON/EUR), cursul de schimb la care se vor
calcula accizele i impozitul pe iei n 2014 va fi de adic
4,7380 RON/EUR (respectiv, 4,5223 indexat cu 104,77% -
media anual a indicelui preurilor de consum calculat n luna
septembrie 2013).
Prin urmare, avnd n vedere efectul cumulat al utilizrii
acestui curs de schimb majorat, i al creterii nivelului
accizelor exprimate n euro pe cantitatea specific, ncepnd
cu data de 1 ianuarie 2014 accizele, respectiv impozitul pe iei
se vor majora cu 6,4% fa de nivelul prevzut de legislaia n
vigoare nainte de adoptarea Ordonanei, cu excepia
urmtoarelor produse energetice pentru care majorarea
accizei este mai mare, respectiv:
pentru benzin cu plumb, acciza va crete cu
aproximativ 23%;
pentru benzin fr plumb, acciza va crete cu
aproximativ 25,9%;
pentru motorin, acciza va crete cu aproximativ
27,6%;
pentru petrol lampant (kerosen utilizat drept combustibil
pentru motor, acciza va crete cu aproximativ 25%.

The guarantee


Garania
Starting from 1 January 2014, the level of the reduced
guarantee which warehouse-keepers can benefit from cannot
be less than the minimum level provided in the Norms to the
Fiscal Code.

ncepnd cu 1 ianuarie 2014, nivelul garaniei reduse de care
pot beneficia antrepozitarii autorizai nu poate fi mai mic dect
nivelul minim prevzut n Normele metodologice.
New provisions on the trading of certain excisable
products

Noi prevederi legate de comercializarea anumitor produse
accizabile


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
1
1
Starting from 1 January 2014 the sale of cigarettes to
individuals, at a price which is less than the declared retail
selling price, is prohibited. Non-compliance with this provision
is a minor offence penalized by a fine of between RON 20,000
and RON 100,000.

ncepnd cu 1 ianuarie 2014 este interzis vnzarea de
igarete, de ctre orice persoan, ctre persoane fizice, la un
pre mai mic dect preul de vnzare cu amnuntul declarat.
Nerespectarea acestei prevederi constituie contravenie
sancionat cu amend de la 20.000 lei la 100.000 lei.
The following activities are also prohibited:

Sales with a free gift (as defined by Government
Ordinance no. 99/2000 with respect to the sale of
products and services on the market) for excisable
products which are subject to the marking regime with
stamps or bands (i.e. fermented drinks other than beer
and wines; intermediary products and ethyl alcohol, with
the exceptions provided in the Norms to the Fiscal Code;
processed tobacco).

Practicing discounted sales (as defined by Government
Ordinance no. 99/2000 with respect to the sale of
products and services on the market), for excisable
products which are subject to the marking regime with
stamps or bands (i.e. fermented drinks other than beer
and wines; intermediary products and ethyl alcohol, with
the exceptions provided in the Norms to the Fiscal Code;
processed tobacco), of selling prices which are lower than
manufacturing costs or import costs plus excise duty and
VAT.

De asemenea, sunt interzise:
vnzrile cu prime (aa cum sunt acestea definite de
Ordonana Guvernului nr. 99/2000 privind comercializarea
produselor i serviciilor pe pia) pentru produsele
accizabile supuse regimului de marcare prin timbre sau
banderole (i.e. buturi fermentate altele dect bere i
vinuri; produse intermediare i alcool etilic, cu excepiile
prevzute n Normele metodologice; tutun prelucrat);

practicarea, n cadrul vnzrilor cu pre redus (aa cum
sunt acestea definite de Ordonana Guvernului nr.
99/2000 privind comercializarea produselor i serviciilor pe
pia), pentru produsele accizabile supuse regimului de
marcare prin timbre sau banderole (i.e. buturi fermentate
altele dect bere i vinuri; produse intermediare i alcool
etilic, cu excepiile prevzute n normele metodologice;
tutun prelucrat), de preuri de vnzare mai mici dect
costurile ocazionate de producerea, importul sau
desfacerea produselor accizabile vndute, la care se
adaug acciza i TVA.
Non- compliance with the provisions with respect to sales with
a free gift and discounted sales for excisable products which
are subject to the marking regime with stamps or bands
represents a minor offence penalized with a fine of between
RON 20,000 and RON 100,000, as well as the seizure of the
products or of the income derived from their sale.

Nerespectarea prevederilor cu privire la vnzrile cu prime sau
la vnzrile cu pre redus pentru produsele accizabile supuse
regimului de marcare prin timbre sau banderole constituie
contravenie i se va sanciona cu amend de la 20.000 lei la
100.000 lei, precum i cu confiscarea produselor, iar n situaia
n care acestea au fost vndute, cu confiscarea sumelor
rezultate din aceast vnzare.
Local taxes
The taxable value of buildings is now defined as the amount
stated in the evaluation report issued by an authorized
valuator. This provision does not solely apply to buildings
owned by the credit institutions, but also to any legal entity
applying International Financial Reporting Standards, which
has the cost model as the subsequent evaluation method.
Taxe locale
n cazul impozitului pe cldiri, se clarific faptul c valoarea
impozabil este valoarea rezultat din raportul de evaluare
emis de un evaluator autorizat, pentru cldirile care aparin nu
doar instituiilor de credit, ci oricror persoane juridice care au
obligaia de a aplica Standardele internaionale de raportare
financiar i aleg ca metod de evaluare ulterioar modelul
bazat pe cost.
KPMG comment:
The paragraph containing these provisions was introduced into
the Fiscal Code starting 1 January 2012, in relation to credit
institutions, for which the use of International Financial
Reporting Standards became compulsory from that date.

Subsequently, publicly traded companies have also been
required to apply International Financial Reporting Standards
starting with the financial statements for the 2012 financial

Comentariu KPMG:
Paragraful care conine aceste prevederi a fost introdus n
Codul Fiscal ncepnd cu data de 1 ianuarie 2012, n contextul
n care instituiile de credit erau obligate s aplice Standardele
internaionale de raportare financiar ncepnd cu aceast
dat.
Cu toate c, ulterior, ncepnd cu situaiile financiare aferente
exerciiului financiar 2012, societile ale cror valori mobiliare
sunt admise la tranzacionare pe o pia reglementat au, de


2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative
(KPMG International), a Swiss entity. All rights reserved.
1
2

year. Until this amendment to the Fiscal Code, the relevant
paragraph only applied to credit institutions.


asemenea, obligaia de a aplica Standardele internaionale de
raportare financiar, pn la aceast modificare a Codului
fiscal, paragraful respectiv fcea referire doar la instituiile de
credit.
The draft public ordinance published for public debate by the
Ministry of Finance proposed the removal of the 20% limit on
the application by local authorities of tax on individuals (in
addition to the standard rate). However, following the debate,
this proposal was not adopted.

Dei n proiectul de ordonan lansat n dezbatere public de
ctre Ministerul Finanelor Publice se propunea i eliminarea
n cazul persoanelor fizice a pragului maxim de 20% n limita
cruia autoritile locale pot stabili cote adiionale la impozitele
i taxele locale prevzute n Codul Fiscal, aceste prevederi nu
au fost n cele din urm adoptate.
Other provisions
Mining royalties increased
Royalties imposed under the Mining Law no. 85/2003 will be
increased by 25% starting 1 January 2014, except for coal
production royalties, which will remain unchanged, and noble
metal royalties, which will be increased by 50%.









Alte prevederi
Majorarea redevenelor miniere
Cotele de redeven instituite n baza Legii minelor nr.
85/2003, vor fi majorate cu 25% ncepnd cu data de 1
ianuarie 2014, cu excepia redevenei pentru crbuni, care va
rmne la acelai nivel ca n prezent, i a redevenelor pentru
metale nobile, care vor fi majorate cu 50% fa de cota
aplicabil n prezent.

For more details, please contacts us:

KPMG Romania S.R.L.
Victoria Business Park, DN1 Bucuresti Ploiesti nr. 69-71,
Sector 1, Bucuresti 013685, Romania,
P.O. Box 18 191
Tel: i+40 741 800 800 / Fax: +40 741 800 700
Internet: www.kpmg.ro