(P) Tax Alert: Order of the National Agency for Fiscal Administration amending the model and content of various tax returns

(Order no. 878 / 9 July 2013 published in Official Gazette No. 432 / 16 July 2013) The Order amends and completes Order no. 1950 / 2012 issued by the National Agency for Fiscal Administration on the model and content of tax returns. The amendments contain inter alia: the change of the annual profits tax return (i.e. 101 return), changes in the instructions for filling in the State budget tax liabilities return (i.e. 100 return) and 101 return. The changes in the 101 return mainly reflect the requirements of the Fiscal Code as regards tax consolidation introduced starting with 1 July 2013 for foreign legal entities which have several permanent establishments in Romania. The respective entities have the obligation to submit the 101 return by 25 July 2013 for the period up to 30 June 2013 for each Romanian permanent establishment.

For additional information, please contact:

Venkatesh Srinivasan Partner – Head of Tax & Legal

Ernst & Young SRL

15-17 Ion Mihalache Blvd.

Bucharest Tower Center Building, 22

nd

Floor

Sector 1, 011171, Bucharest, Romania

Tel: (40-21) 402 4000

Fax: (40-21) 310 7124

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