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Tax & Legal Newsletter December 2012
In December 2012 the Romanian authorities passed a series of new tax and legal measures, including:
  New templates for VAT and income tax declarations

The Romanian Ministry of Finance and National Fiscal Administration has issued several new templates for use in VAT and income tax declarations. (More information)

  Guide to the application of the VAT cash accounting system

The Romanian Ministry of Finance has released a guide to the application of the VAT cash accounting system.
(More information)

  Changes affecting payments to the State Budget

Certain amendments have been introduced with respect to tax liabilities to be paid into a specific account at the State Treasury (“contul unic”). (More information)

  Amendments to the Romanian Fiscal Code

Various amendments have been introduced in relation to excise duties. (More information)

  Mandatory information on mediation

As of 1 February 2013, the mediation procedure will become mandatory in civil, family, certain criminal cases and other situations as indicated by law. (More information)

  Change to validity term of General Urban Plans

A new validity term for General Urban Plans has been established, applicable as of 13.12.2012. (More information)

  For individual advice on any of the above and how it affects you or your business, please contact a member of our team.


Jan Glas (Managing Partner): jan.glas@tpa-horwath.ro
Cristina Gheorghita (Legal Partner): cristina.gheorghita@tpa-horwath.ro
Claudia Stanciu - Stanciulescu (Tax Partner): claudia.stanciu@tpa-horwath.ro
Klaus Krammer (Partner): klaus.krammer@tpa-horwath.ro
TPA Horwath | www.tpa-horwath.ro | 46 Cobalcescu St., Bucharest | Tel: +40 21 310 0669 | Fax: +40 21 310 0668
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