Newsletter 4/2017 - Inflation Index

Newsletter 4/2017

Ramona Burduja
07/03/2017
References: Order 240/2017

Inflation index used for computing the corporate income tax

                 References: Order 240/2017

 

 

Order of the Ministry of Public Finance no. 240 regarding the inflation index was published in the Romanian Official Gazette no. 123/15.02.2017.

For fiscal year 2017, the consumer price index used for adjusting the advance payments on account of the annual corporate income tax is equal to 101,4%.

Hence, the companies that opted for computing the annual corporate income tax, with advance payments, shall apply this index to the value of the annual corporate income tax for FY2016 in order to compute the advance payments that are due in FY2017 on a quarterly basis.

 

We remain at your disposal for any further clarifications.

 

 

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