A series of changes of the Tax Code and the Tax Procedure Code will come into force in 2016.
We have the pleasure to invite you for an analisys and a debate of the new provisions, on Tuesday, the 23rd of June, in an interactive training. Our guest is Mrs. Tanti Anghel, the Deputy Manager of the General Directorate Tax Procedure Code of the Finance Ministry of Romania.
There will be a special session dedicated to solving practical issues. If you have any specific questions regarding your current activity or uncertainties regarding the legislation, we ask you to send them by email beforehand.
The persons present at the seminar will receive electronic handouts by email afterwards.
The presentations will be held in Romanian.
Location:
Rapsodia hall, Intercontinental hotel
Guests:
Tanti Anghel, Deputy Manager of the General Directorate Tax Procedure Code of the FinanceMinistry
Sorin Istrate, Managing Partner Contexpert
Andreea Steinhart, Partner Contexpert
Simona Penciu, Associate Partner Contexpert
Eugenia Ion, Tax Manager Contexpert
Moderator: Diana Zaharia, journalist at Capital.
Training agenda:
- 09.00 – 09.30 Receiving guests
- 09.30 – 11.00 Session 1 – Profit tax, Microenterprise income tax. VAT.
- 11.00 – 11.15 Coffee break
- 11.15 – 12.45 Session 2 – Local taxes. Income tax and social contributions: Natural Independent Persons, independent professions, copyrights. Income from salary and assimilated to salary. Other income of natural persons.
- 12.45 – 13.45 Lunch
- 13.45 – 15.15 Session 3 – New Tax Procedure Code: General rules – definitions, applications, general rules. Fiscal judicial rapport. Joint liability procedure. General procedure rules. Fiscal registration. Setting of fiscal debt.
- 15.15 – 15.30 Coffee Break
- 15.30 – 17.00 Session 4 – New Tax Procedure Code: Fiscal verification (fiscal inspection, unannounced verification, anti-fraud verification, personal fiscal situation check, document check). Fiscal debt collection. Undeclaring penalty. Residual fiscal duty. Setting disputes against fiscal administrative acts.
Covered topics:
Profit tax
- Under which conditions, writing off uncollected debt is a deductible cost
- How are costs with private pensions, life and health insurance taxed
- What changes are in force regarding deductible protocol expense calculation
- Under which conditions you can benefit from fiscal credit for sponsorship
- What is the fiscal regime of passenger vehicle expenses and what are the fiscal implications for the users
- How do you treat the cost of expired products
- What is the fiscal regime of capitalised intrests
- How are the sums from correcting accounting errors taxed
- What fiscal facilities are in place and how can they be applied
- How is the income from dividends taxed
- How do you declare and pay profit tax for entities with a fiscal year different than the calendar year
Tax on microenterprise income
- Who has to apply this system
- What are the tax quotas
- How do you determine the computation basis for the income tax
- When do you switch from profit tax and what are the steps
Income tax and social contributions
Natural Independent Persons, independent activities, copyrights
- When can an independent activity be reclassified
- What are the consequences of reclassifying independent activities
- Who owes contributions in the case of reclassifying activities
- What are the social contributions owed for income from independent activities
- How to calculate contributions and what are the declaring and payment deadlines
Income from salaries and incomes assimilated to salaries
- What is the fiscal regime for daily allowances
- How are the stocks distributed through stock option plan taxed
- How are private pensions, life and health insurance taxed
- What are the changes when calculating social contributions
Other incomes of the natural persons
- How are dividend incomes taxed
- How are rent incomes taxed
- What are the compulsory social contributions and who has the obligation to declare and pay them
- How to calculate owed social contributions
VAT
- Under which conditions can the VAT be adjusted for uncollected debt
- When can the VAT for investments be deducted
- When is it compulsory to adjust the deducted VAT
- Under which conditions it is compulsory to auto-invoice
- What is the VAT regime for selling real estate
- What is the VAT regime for sales made before being registered as a VAT payer
- What are the obligations when invalidating capital goods.
Local taxes
- What is the difference in land and building taxation between natural persons and legal persons
- What are mixt destination buildings and how are they taxed
- Who has the obligation to re-evaluate buildings and how often have these re-evaluations to be made
- When are the newly raised buildings taxed
- Who has the obligation to pay tax for sold buildings and cars
New Tax Procedure Code:
- General rules – definitions, applications, general rules.
- Fiscal judicial rapport.
- Joint liability procedure.
- General procedure rules.
- Fiscal registration.
- Setting of fiscal debt.
- Fiscal verification (fiscal inspection, unannounced verification, anti-fraud verification, personal fiscal situation check, document check).
- Fiscal debt collection.
- Undeclaring penalty.
- Residual fiscal duty.
- Setting disputes against fiscal administrative acts
Attending fee:
- 90 euro*/person
- 10% discount for a second person from the same company
- 10% supplementary discount for Contexpert clients
*the price does not include VAT
Refunds:
If attending the training is no longer possible, please inform us by email, until the 20th of June 2015. If the annulling is made until the 20th of June 2015, the payed sums will be refunded, except for 35% representing administrative expenses.
In the case the annulling is made after the 20th of June 2015, the paid sums will not be refunded.
