Deadline for taxation premium granted by Romanian Fiscal Authorities

Forself-employed persons, today is the last day of payment to attain thefiscal premium with regards of income tax and social security contribution.

This premium was announced in the Official Gazette No. 1005 of November27, 2018 through the Order no. 2.906 / 2018. This order is approving the procedure for granting the bonus, in case of anticipated payments for contributions to income tax, individual social insurance and the individual social health insurance, established by the annual taxation decisions.

The amounts established by the annual taxation decision for which a bonus is granted, are as follows:

a) the annual income tax for the income realised by self-employed persons in 2017;

b) the individual social insurance contribution due by self-employed persons for the period 2016-2017;

c) the individual contribution of health insurance due by self-employed persons for the period 2014-2017.

The bonus value is calculated applying 10% to the amounts established through the annual tax decisions. This grant reduces the amount of tax obligations established by the annual taxation decisions communicated to self-employed persons.

The bonus is granted on condition that the difference between the amounts established by the annual tax decisions, and the value of the bonus, is paid in full as follows:

a) Until 15 December 2018, including, in the case of income tax and individual social security contributions;

b) until 31 March 2019, including, in the case of the individual contribution of health insurance.

In case the paid amount does not cover the amounts established by the annual tax decisions, the bonus is granted only for the totally paid sums related to those annual taxation decisions that fulfill the full payment condition.

Incase there will be registered other outstanding tax obligations than those established by the annual tax decisions, the paid amounts will compensate the outstanding tax obligations in the order provided by art. 165 of Law no. 207/2015 from the Fiscal Procedure Code. The remaining not cleared amounts will be considered when granting the bonus.

The competent Fiscal Institution shall notify the authorized person with regards to the bonus approval up to 31 August 2019.

If, after this date, the self-employed person considers that the conditions for granting the bonus are met, but they have not been notified in this respect, they may address to competent central tax authorities to grant the bonus. The competent central fiscal bodies shall analyze the tax situation as well as the claims made by individuals and will notify in respect of granting or non-granting the bonus.

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