On March 29, the executive adopted a GEO which enforced some of the amendments the Senate adopted to GEO 79/2017 (social contributions transfer). Article 1 provides a turnover threshold of EUR 1 million under which companies can opt for either for tax on profit or on turnover. The Draft GEO also changes the income tax percentages that can be distributed to NGOs (up to 3.5%), excises on fuels and harmonized excises. The GEO (25/2018) was published in the Official Gazette on March 30.
On Wednesday, March 28, after talks with Commissioner Bienkowska apart from announcing that GEO 25/2018 was going to be adopted on Thursday, March 29, Teodorovici highlighted that the MFP analyzes the two Fiscal Codes "article by article" and discusses them with interested parties. By the end of June 2018, MFP is going to put up for debate the final version of the two Fiscal Codes.
On March 27, ANAF published a draft order on approving the design, provisions and other aspects of the Single Tax Statement (D212). The order was published in the Official Gazette on March 29. On the same day, FinMin State Secretary Tiberiu Mavrodin announced that experts within the Ministry are working on a single statment for legal persons, part of a series of actions aimed at relaxing fiscal procedures.
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