{"id":10758,"date":"2015-11-05T16:28:41","date_gmt":"2015-11-05T13:28:41","guid":{"rendered":"https:\/\/beta.kreston.ro\/2020\/06\/13\/oug-50-2015-to-change-the-new-fiscal-code-5-dividend-tax\/"},"modified":"2020-06-13T20:29:41","modified_gmt":"2020-06-13T17:29:41","slug":"oug-50-2015-to-change-the-new-fiscal-code-5-dividend-tax","status":"publish","type":"post","link":"https:\/\/kreston.ro\/en\/oug-50-2015-to-change-the-new-fiscal-code-5-dividend-tax\/","title":{"rendered":"OUG 50\/2015 to change the New Fiscal Code \u2013 5% dividend tax"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]OUG nr. 50\/2015 amending and supplementing Law no. 227\/2015 regarding the Fiscal Code and Law no. 207\/2015 regarding the Fiscal Procedure Code, was published into Official Gazette no 817\/03.11.2015<\/p>\n<p>The main provisions are:<\/p>\n<p>Starting 1 January 2016, the dividend tax rate will be 5% of the gross dividend paid to a Romanian legal persons, unless the dividends are tax exempt under the fiscal law.<\/p>\n<p>For individuals tax rate on dividends is also 5%.<\/p>\n<p>The threshold that applies to microenterprises increased from EUR 65,000 to EUR 100,000.<\/p>\n<p>Microenterprises income tax rates are:<\/p>\n<p>a) 1% for microenterprises that have more than two employees, inclusive;<br \/>\nb) 2% for microenterprises that have one employee;<br \/>\nc) 3% for microenterprises that have no employees.<\/p>\n<p>Starting 2016, VAT rate is reduced to 9% for the supply of drinking water and water for irrigation in agriculture.<\/p>\n<p>Individuals who on 31 December 2015 own non-residential buildings (buildings in which an economic activity is performed) or mixed-use buildings are required to submit declarations to the Direction of local taxes up to 31 March 2016.<\/p>\n<p>Legal persons have the same obligation for filing returns untill 31 March 2016.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]OUG nr. 50\/2015 amending and supplementing Law no. 227\/2015 regarding the Fiscal Code and Law no. 207\/2015 regarding the Fiscal Procedure Code, was published into Official Gazette no 817\/03.11.2015 The main provisions are: Starting 1 January 2016, the dividend tax rate will be 5% of the gross dividend paid to a Romanian legal persons, unless [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14902,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[262],"tags":[],"class_list":["post-10758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-alert-en"],"_links":{"self":[{"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/posts\/10758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/comments?post=10758"}],"version-history":[{"count":2,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/posts\/10758\/revisions"}],"predecessor-version":[{"id":10760,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/posts\/10758\/revisions\/10760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/media\/14902"}],"wp:attachment":[{"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/media?parent=10758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/categories?post=10758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/tags?post=10758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}