THE EMERGENCY ORDINANCE NO 8/2014 BRINGS IN ESSENCE THE FOLLOWING CHANGES REGARDING THE FISCAL SYSTEM APPLICABLE FOR THE COMPANIES:

The revenues obtained by the legal entities resident in the States with which Romania has concluded a Convention for the avoidance of double taxation, which have been obtained from the sale or the disposal of shares held in Romanian legal entities shall be included in taxable incomes established in our fiscal-tax system.

The interests on late payment of tax liabilities shall be reduce from 0.04%/day of delay to 0.03%/day of delay and the penalties shall maintain their original level of 0.02%/day of delay.

Published in the Official Journal of Romania no. 151 from 28.02.2014
The Act has entered into force at 28th of February 2014
Issuer: Romanian Parliament