Legislative News in April 2013

LEGISLATIVE NEWS IN APRIL 2013

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

1.The Order of the Ministry of Public Finance no. 512/2013 approving the Procedure for compensation under art. VI of the Government Emergency Ordinance no. 12/2013 establishing some financial, and scheduling of some terms was published in the Official Gazette, Part I, no. 232, of April 23, 2013.

The act came into force on 23 April 2013.

Art. 1: This order approves the compensation procedure under art. VI of the Government Emergency Ordinance no. 12/2013 to establish some fiscal measures and extension of deadlines set out in the annex part of this Order.

The procedure for compensation under art. VI of the Government Emergency Ordinance no. 12/2013 to regulate certain fiscal measures and extension of terms and conditions sets out how it operates mutual settlement of payment obligations established under art. VI from OUG 12/2013.

2. Law no. 113/2013 approving Government Emergency Ordinance no. 93/2012 on the establishment, organization and functioning of Financial Authority of Supervision was published in the Official Gazette, Part I, no. 234 of 23 April 2013.

The act came into force on 26 April 2013.

This law approves Government Emergency Ordinance no. 93 of 18 December 2012 on the establishment, organization and functioning of the Financial Authority of Supervision.

3. Law no. 100/2013 approving Government Ordinance no. 16/2012 amending and supplementing Government Ordinance no. 92/2003 regarding the Fiscal Procedure Code was published in the Official Gazette, Part I, no. 211 of 15 April 2013.

The act came into force on 18 April 2013

In Article I, Section 3 (33) of Article 83 shall be amended as follows: By exception to provisions of para. (31), in case the tax return was filed by the legal deadline, and the message sent by electronic trading system that information was not validated due to the detection of errors in filing, declaration submission is initial date of the message if the taxpayer submits a statement valid until the last day of the expiring legal term deposits. 2. In Article I, section 6, the following new paragraph, paragraph 7 as follows: "7. Article 234 shall be repealed. "

4. Order of the Ministry of Public Finance no. 411/2013 on the prospectus coupon state bonds denominated in euro launched in April 2013 has been published in the Official Gazette, Part I, no. 183, of April 2, 2013.

The act came into force on 2 April 2013.

Article 1. - In order to finance the state budget deficit and public debt refinancing approved prospectus coupon state bonds denominated in euros, total value of 200 million euro, included in the appendix which is an integral part of this order.

Article 2. - General Directorate of Treasury and Public Debt will enforce the provisions of this order.

5. Order of the Ministry of Public Finance no. 393/2013 for the amendment and completion of Order no. 752/2006 regarding the approval of the issuance of the tax certificate for legal and natural persons, certificate of budgetary obligations, as well as their content model and was published in the Official Gazette, Part I, no. 185 of 3 April 2013.

The act came into force on 3 April

The order states that the main changes of Order no. 752/2006 regarding the approval of the issuance of the tax certificate for legal and natural persons, certificate of budgetary obligations, and the pattern and content, clearly listing the situations in which the competent fiscal authority is obliged to issue the certificate tax.