8/14/2019 Romania Latest on Fiscality

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ROMANIA: LATEST ON FISCALITY

State budget law for 2009, no 18/2009, established the budgets allocated this year for the

following state aid schemes:

Government Decision no 753/2008 regulating a new state aid scheme on supporting regional

development by stimulating investment, a budget of RON 40 000 thousand for 2009.

According to Ministry of Public Finance information available on the website

http://www.mfinante.ro/, beginning with March 16, 2009, the applications for Agreement-in-principle for Financing can be submitted, along with the justificatory documents, according to item

2 of chapter 3 of annex 2.

The documents will be submitted at the General Registry of M.F.P., specifying on the

envelope State aid scheme on supporting regional development by stimulating investment.

Government Decision no 1164/2007 regarding the granting of de minimis state aid for the

development or modernization of enterprises, a budget of RON 6 219 thousand for 2009.

According to Ministry of Public Finance information available on the website

http://www.mfinante.ro/, beginning with March 16, 2009, the applications for Agreement-in-

principle for Financing can be submitted, along with the justificatory documents, according to item

1.2. of chapter 6 of annex 2.

The documents will be submitted at the General Registry of M.F.P., specifying on theenvelope Unit for implementing de minimis state aid scheme.

Government Decision no 1680/2008 implementing a new state aid scheme for ensuring sustainable

economic development, a budget of RON 150 000 thousand for 2009.

According to Ministry of Public Finance information available on the website

http://www.mfinante.ro/, beginning with March 16, 2009, the applications for Agreement-in-

principle for Financing can be submitted according to article 12, item 3 of H.G. no 1680/2008,

along with the justificatory documents stipulated at item 1, sub item 1.2 of chapter 5 of annex no 3.

The documents will be submitted at the General Registry of M.F.P., specifying on the

envelope State aid scheme for ensuring sustainable economic development.

Also, through order no 269/2009 of the Minister of Public Finance, the General Unit for

State Aid, Disloyal Practice and Regulated Prices was appointed Unit of Implementation of the state

aid scheme established by H.G. 1680/2008 for setting up a new state aid scheme for ensuring

sustainable economic development.

Romanian Government adopted Emergency Ordinance no. 200/2008 on modifying and

completing Law no. 571/2003 - the Fiscal Code of Romania.

New measures adopted by the Romanian Executive stipulate among other issues the tax-

exemption of reinvested dividends.

Thus, starting with 2009, dividends reinvested for maintaining and increasing new jobs for

developing the activity of Romanian legal persons distributing dividends, according to the purpose

registered at the National Trade Registry Office, are exempted from tax on dividends.

Dividends invested in the authorized capital of another Romanian legal person for creating

new jobs, for developing its activity, according to the object of activity registered at the National

Trade Registry Office are also dividend tax exempted.

Emergency Ordinance no. 200/2008 comes into force on 1st of January 2009.

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