EMERGENCY ORDINANCE NO 19/2014 MODIFIES AND COMPLETES THE FISCAL CODE PROVISIONS CONCERNING THE EXEMPTION FROM TAXATION OF THE REINVESTED PROFIT.

Thus, the profit reinvested in technological equipment – cars, the working machineries and facilities, used for the purpose of developing economic activities, shall be exempt from taxation. The exemption from taxation is applicable only on the reinvested profit in the technological equipment manufactured and/or purchased after 01.07.2014 and which will be put into function until 31.12.2014, including.

In equal measure, the new legislative amendments are related exclusively to new technological equipment.
Taxpayers, which shall benefit on the tax relief, are obliged to maintain in their patrimony the concerned technological equipment for at least a period equal to half of the economical use, established in accordance with the applicable accounting rules, but not more than 5 years.

Published in the Official Gazette of Romania no 308 of 25.04.2014
The normative will enter into force at 01.07.2014
Issuer: Romanian Parliament