Amendments To The Romanian Tax Code

Government Ordinance no. 30/2011 published in the Official Gazette no. 627 on September 2 2011 modifies the Tax Code and regulates some fiscal measurements.

A. The main changes of the Tax Code refer to:

1. General provisions

1.1. Introducing provisions related to fiduciary operation. The provisions of the Civil Code are being implemented in the Tax Code.

1.2. Requirement to register with the tax authorities the contracts for providing services, which may lead to creation of a permanent establishment, concluded between a resident (individuals and legal entities) and a non-resident (legal entities and individuals). Previously, only the resident legal entities were obliged to register the service contracts concluded with non-residents (legal entities and individuals), with the tax authorities.