Romanian Green Certificates – Values 2016

The new limit values of the GC in 2016 according to the Order no.3/2016 are as following : The minim value is 132,4045 ron (29,3971 eur). The maxim value is 269,7247 (59,8856 eur).
Registration as VAT payers 2015 and necessary documents

Registration as VAT payers 2015 and necessary documents

Registration as VAT payers 2015 and necessary documents The company was founded on the basis of the Law 31/1990 (partnership, limited partnership, corporation, limited liability company) and are registered with the Chamber of Commerce, the application can request as VAT payers, as follows: in founding after the founding when the turnover of the calendar year is less than 220,000 lei (exemption limit) only when the situation has led to the resolution, stop Process of registration as VAT payers When it was founded – must be submitted to the tax office: the form 098 application for registration for value added tax, according to Tax Law Article 153 paragraph (1) letter a) and the Form 088 statement on their own responsibility concerning the review of the intention and capacity to cover the activities. field of VAT. The deadline of this explanation is the same day of submission of the application for registration in Handelsregiter. These forms 098, 088 are filled in electronically in pdf format. They are submitted to the tax office but not online. After the establishment, if sales of a calendar year is less than the exemption limit in the amount of 220,000 lei – The following forms are the tax office issued: the form 010 Statement of tax registration / Declaration of mentions for legal persons, associations and other companies without legal personality, and the form 088 statement on their own responsibility concerning the review of the intention and capacity for activities in the field of VAT. The deadline of these statements on the day of the application for registration. Only if the situation has led to the resolution, stop...

Minimum wage in Romania is increasing

The minimum wage in Romania is 1050 lei gross, must be from July 1, 2015. This increase also Verkehrstbußgelder simultaneously rise, as these are linked to the minimum wage. Sickness benefits are also adjusted. Companies that do not pay this minimum, must expect penalties from 1,000 to 2,000 lei per employee. Source: noutatifiscale.ro Date:...

Extension of the reduced VAT rate of 9% from the June 1, 2015

According to Law no. 571/2003 regarding the Fiscal Code, Art. 140 para. (2), as amended 6/2015, published in Official Journal 250 of 14 April 2015 shall apply from 01 June, the reduced VAT rate of 9% for following deliveries: – Food, including drinks (except alcoholic beverages), living pets, seeds, – Food for the production of catering – service (except alcoholic beverages) . In addition, the reduced VAT of 9% is extended to the following services: – Entrance to: castles, museums, memorial houses, historical monuments, Zoo, Botanical gardens, fairs and cultural events – Supply of textbooks, newspapers and magazines – Supply of prostheses and their accessories, (except for dentures) – Supply of orthopedic products – Distribution of medicinal products and veterinary medicinal products – Accommodation in the hotel sector or related fields, including the lease of land for camping. Source: Finante Publice...
(Deutsch) Transelectrica hat 4,77 Millionnen grüne Zertifikate für erneuerbare Energien ausgestellt

(Deutsch) Transelectrica hat 4,77 Millionnen grüne Zertifikate für erneuerbare Energien ausgestellt

Transelectrica has issued 4.77 millions green certificates for renewable energy, of which 1.05 millions  to the electricity market operator (OPCOM) been transferred. Other 1.04 millions  green certificates for renewable energies have been traded directly to the manufacturer. According to the data of the Transelectrica projects to produce renewable energy have reached a total capacity of 4,689 MW by the end of May. Thus, 829 MW of wind power projects, solar parks with a total capacity of 1,200 MW, 560 MW small hydro and biomass projects were in the system 2, with a cumulative capacity of 100 MW. At the end of February power generation capacity were installed renewable energy worth 4,582 MW in the system. Date:...