Taxand Romania reports on the amendments and completions brought to the Fiscal Code.
Government Ordinance no. 25/2017 published in the Official Gazette no. 706 from 31 August 2017
Ordinance no. 25/2017 brings new amendments and completions to the Law 227/2015 regarding the Fiscal Code. The main amendments are listed in the following paragraphs
Expenses representing the value of the transferred receivables, as per the law, are included in the category of limited deductibility expenses with a deductibility limit of 30% of the value of the transferred receivables
The expressions “income derived from independent activities carried out in Romania” and ”income derived from intellectual property rights derived from Romania” are defined
Non-taxable income includes the amounts or advantages received by individuals also from dependent activities carried out at the board of aircrafts operated in international traffic
