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ARTICLE · 16 APRIL 2021

Overview On The New Amendments To The Romanian Fiscal Code

MPR Partners
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Law no. 296 of December 21, 2020 for the amendment and completion of Law no. 227/2015 regarding the Fiscal Code (the "Law no. 296/2020") brought a series of beneficial changes to the business...

RomaniaTax
Felix Tapai
Felix Tapai
Oana Săvulescu
Oana Săvulescu

1. Introduction

Law no. 296 of December 21, 2020 for the amendment and completion of Law no. 227/2015 regarding the Fiscal Code (the "Law no. 296/2020") brought a series of beneficial changes to the business environment, applicable starting with January 1, 2021.

Besides certain general provisions aiming to clarify aspects regarding, for instance, fiscal residency and affiliation, the amendments brought by Law no. 296/2020 comprise important tax benefits and long-awaited measures, which are detailed individually in the following.

2. Fiscal consolidation at group level

Perhaps the most important and long-awaited amendment brought by Law no. 296/2020 is represented by the new rules regarding fiscal consolidation in the field of profit tax at group level.

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