Details on the flat rate tax

By the “Emergency Ordinance with regard to budgetary correction for 2009 and some fiscal measures regulation” from April 2009 a minimum flat rate was introduced for the income tax paid by companies and for the turnover tax paid by microenterprises. This way, the companies with turnover between 0 – 52.000 lei (between 0 – 12 000 euro) are to pay this year a minimum tax of 1 467 lei (i.e. 341 euro), or 183.3 lei/month, and in 2010 a 2.200 lei (approx. 500 euro) minimum tax.

The incomes taken into consideration for flat rate tax calculation are the incomes registered till December 31st of the previous year.

In order to establish the income range for the flat rate taxation, from the incomes registered on December 31st of the previous year there are to be detracted the following incomes:

• Incomes from stock variations;
• Incomes from tangible/intangible assets production;
• Incomes from exploitation representing the share from governmental subventions and other resources for financing the investments;
• Incomes from the diminishing or annulment of provision without discounts;
• Incomes from cancellation of debts and of the increments owed to the state and which were not considered deducible when calculating the taxable income;
• Incomes from indemnifications from insurance companies.

The taxing grid: