Main legislative changes of July 2024
1. Approval of the model of the form for the declaration of luxury goods
As a supplement to Law 296/2023 on the introduction of the special tax on immovable and movable property of high value, the Romanian Tax Authorities approved the model form 216 through which these assets shall be declared.
Persons obliged to declare and pay
- Individuals who own on December 31 of the previous tax year residential buildings located in Romania with a value of over 2,500,000 lei;
- Individuals and legal entities that own cars registered in Romania with a value of over 375,000 lei.
Calculation method
- In the case of properties representing residential buildings, by applying a rate of 0.3% on the difference between the taxable value of the building communicated by the local tax authority through the tax decision and the ceiling of RON 2,500,000;
- In the case of properties representing cars, by applying a 0.3% rate on the difference between the purchase value and the ceiling of 375,000 lei.
Deadlines:
- until September 30 for residential buildings;
- until December 31 for cars.
The model of the form was published by Order No. 3738/2024, Official Gazette, Part I No. 689 of July 17, 2024.
2. Approval of the model form 177 "Application for the redirection of corporate income tax"
The procedure for the redirection of corporate income tax for sponsorships and/or acts of patronage was approved, as well as the model and content of form 177 "Application for redirection of corporate income tax".
The procedure and model of the form were published by Order No. 3562/2024, Official Gazette, Part I No. 643 of July 5, 2024.
3. Approval of the model of the form „Pre-filled Ro e-VAT return”
The model and content of the form "Pre-filled RO e-VAT return" was approved.
The form is filled in as a result of the capitalization of data and information from the National Information System RO e-VAT and is implemented on August 1, 2024 for operations carried out starting with July 1, 2024 by taxable persons registered for VAT purposes.
The model of the form was published by Order No 3775/2024, Official Gazette, Part I No 726 of July 24, 2024.
4. Approval of the model of the form for regarding the registration in the RO e-Invoicing Register of Forced Executions
The procedure regarding the organization and registration in the RO e-Invoicing Register of Forced Executions and the model and content of form 079 "Application for registration in the RO e-Invoicing Register of Forced Executions" were approved.
The procedure and model of the form were published by Order No 3769/2024, Official Gazette, Part I No 719 of July 23, 2024.
5. Approval of the VAT refund procedure for transactions carried out by non-profit entities
The VAT refund procedure related to the purchases of goods or services made by non-profit entities and companies wholly owned by non-profit entities, for which the tax exemption is applied according to art. 294 para. (5) letters a)-b^1) of Law no. 227/2015 on the Fiscal Code.
The VAT refund refers to the following tax exempt operations:
- construction, rehabilitation and modernization services of hospital facilities,
- supplies of medical equipment, appliances, devices, accessories and protective equipment, consumables for sanitary use intended for use by persons with disabilities.
The regulations were introduced by Order 3044/2024 published in the Official Gazette, Part I No. 672 of July 12, 2024.
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Crowe România