Legislative News in February 2013


Important legal regulations for the business environment in Romania were published in the Official Gazette, Part I, during the month of February 2013, such as:

I.Order 224 dated 18 February 2013 regarding consumer price index used for updating advance payments for annual profit tax, published in the Official Gazette of Romania, Part I, no. 106 of 22 February 2013.

The act came into force on 22 February 2013.

For the 2013 fiscal year, the consumer price index for updating advace payment amounts for annual profit tax purposes is 104.3%.

The payers that apply the regime on paying profit tax through quartely advance payments calculate the quartely payments as a quarter of prior year profit tax adjusted by the consumer price index. The advance payments are due by the 25th day of the month following quarter and, inclusive.

The prior year profit tax representing the base for calculation of quartely advance payments made in that year.

II. Law 6 dated 21 February 2013 on Budget for public social insurance for 2013, published in Official Gazette, Part I, no. 107 of 22 February 2013.

The act came into force on 25 February 2013.

The average monthly gross salary used to construct the budget for public social insurance for 2013 is Ron 2,223 (Ron 2,117 in 2012).

The death indemnity amount is set at Ron 2.223 in case of death of insured/retired individuals or Ron 1,112 in case of a family member of an insured/retired person. The social insurance rated owed by employees and employers remain unchanged from 2012.



III. Order 140 dated 4 February 2013 to amend Norms on pplication of the exemption from VAT as per article 143 paragraph 1 letters j, j1 and m, from Law 571/2003 of the Fiscal Code and accirding to article X and X1 of the Agreement between Romania and the United States on the statues for US Forces in Romania, signed in Washington, on 30 October 2001, ratified by the Law 260/2002, aproved by OMFP 2389/2011, published in Official Gazette of 12 February 2013.

The act came into force on 12 February 2013.

The order brings certain corrections for legal correlation and allows the ANAF President for entities subject to this order even if applications were not filed in due time.