1. Amendments of the 2022 Single Tax Return regarding income tax and social security contributions due by individuals
By Order 2127/2021 published in the Official Gazette no. 10 from January 5, 2022, the Single Tax Return for the year 2022 (form 212) was updated, in order to introduce new sections / subsections, such as:
On a separate note from the amendments brought to the Single Tax Return by OPANAF 2127/2021, but in the context of submitting the 2022 Single Tax Return , we remind you that due to the increase of the minimum gross wage for this year to RON 2,550, the reference threshold for the computation of social security contributions becomes 30,600 lei (the equivalent of 12 minimum gross wages).
2. Amendment to form 093 “Statement for VAT registration purposes / Mentions statement for taxable persons having the headquarters outside Romania, but are established in Romania through a fixed place of business”
By Order 1941/2021 published in the Official Gazette no. 1191 on December 16, 2021, Form 093 and the related completion instructions were amended.
Through these amendments, form 093 is updated to include the changes in the Fiscal Code on special VAT regimes for electronic commerce (changes introduced by GEO 59/2021, detailed in our legislative update published in July 2021 which you may find here).
In addition, the non-resident entities that have a fixed establishment in Romania will now use the new form 093 also for:
3. Changes to the sponsorship the tax treatment starting 2022
According to Law 322/2021 published in the Official Gazette no. 1245 on December 30, 2021, both in the case of companies paying corporate tax and for those that apply the micro-enterprises income tax system, if the value established according to the limit representing 0.75% of the turnover / 20% of the corporate tax / 20% of the micro-enterprises tax (as the case may be), reduced by the amounts carried forward, it has not been fully used, taxpayers can request the redirection of the corporate tax for sponsorships, by submitting a form.
The redirection can be ordered within 6 months from the date of submission for the annual corporate income tax return or the micro-enterprise income tax return for the fourth quarter of the year. The payment of the sponsorship will be made by the tax authorities, from the tax already paid.
The provision applies starting with the tax computations made after January 1st, 2022.
4. Application of the reduced VAT rate of 5% for the supply of firewood and some digital publications
In the Official Gazette no. 1168 on December 9, 2021, Laws 286/2021 and 287/2021 were published, which establishes that starting with December 1st, 2021, for the delivery of firewood to individuals,legal persons or other entities, the applicable VAT rate is 5%.
Law 291/2021, published on 10 December 2021 in the Official Gazette no. 1172, includes among the deliveries for which the 5% VAT rate applies the books/newspapers/magazines published electronically, except for those that have mainly video or audio content. The measure applies from 1 January 2022.
The information contained in this newsletter is intended to give you an overview of new legislation; the newsletter does not contain a comprehensive analysis of each topic. For further information on the topics covered please contact us. No responsibility is accepted for decisions or omissions following the use of the content of this newsletter. All Crowe newsletters can be viewed on the page: www.crowe.ro.