We present a summary of the most recent amendments to Emergency Ordinance 107/2024  brought by Emergency Ordinance 112/2024 and the amendments brought to the minimum  tax by Emergency Ordinance 115/2024 

Emergency Ordinance no. 112/2024 on the amendment and completion of certain  normative acts 

(Official Gazette no. 959 of 25.09.2024) 

By Emergency Ordinance no. 112/2024, a series of clarifications and amendments are introduced on  Emergency Ordinance 107/2024, among which we mention: 

• Amendments are made to the article on deferred payment, thus debtors who on the date of entry  into force of this Emergency Ordinance benefit from deferred payment of tax obligations, as well  as those who obtain the deferment in the period between the date of entry into force of this  Emergency Ordinance and November 25th, 2024 inclusive, may benefit, based on the notification  provided for in art. VI para. (1), by the postponement of interest, penalties and all accessories  remaining from the deferred payment granted. The cancellation of interest, penalties and all  accessories is granted if the cancellation request is submitted by November 25th, 2024 inclusive  and the deferred payment is completed by the date of submission of the cancellation request  inclusive, but no later than November 25th, 2024. 
• Separately from other clarifications regarding deferred payment, changes / clarifications are also  made for other situations such as: debtors in insolvency proceedings; the possibility of cancelling  interest, penalties and all accessories related to the principal established by ex officio decisions  of taxation on personal income for 2019 and 2020 if certain conditions are met. 

Emergency Ordinance no. 115/2024 for the completion of Law no. 227/2015 on the Fiscal  Code 

(Official Gazette no. 970 of 26.09.2024) 

Emergency Ordinance 115/2024 makes changes to the calculation of the minimum tax on turnover,  among which we mention: 

• Taxpayers who apply the additional deduction for research and development activities, according  to the Fiscal Code, deduct from the minimum tax on turnover the amount obtained by applying  the 16% rate on the amount representing the additional deduction of 50% of the eligible expenses  for research and development activities. The decrease of this value is made within the limit of the  minimum tax on turnover due. 
• These provisions also apply to the determination of the minimum tax on turnover for the fiscal  year 2024 / modified fiscal year starting in 2024. 

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For additional details regarding the above, you can contact any member of the Taxhouse team or you can send us an e-mail at office@taxhouse.ro.