{"id":12547,"date":"2021-06-08T11:12:32","date_gmt":"2021-06-08T08:12:32","guid":{"rendered":"https:\/\/beta.kreston.ro\/2021\/06\/08\/fiscal-residence-submission-deadline-for-foreign-companies\/"},"modified":"2021-06-08T11:35:43","modified_gmt":"2021-06-08T08:35:43","slug":"fiscal-residence-submission-deadline-for-foreign-companies","status":"publish","type":"post","link":"https:\/\/kreston.ro\/en\/fiscal-residence-submission-deadline-for-foreign-companies\/","title":{"rendered":"Fiscal residence submission deadline for foreign companies"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]Foreign legal entities that have the effective management in Romania must fill in, by June 30, 2021, a questionnaire based on which the tax authorities will establish the tax residence.<\/p>\n<p>The questionnaire must be sent with a number of other documents. More precisely, according to Law no. 296\/2020, inter-alia, the following documents are needed:<\/p>\n<ul>\n<li>certified copy, accompanied by the authorized translation of the decision of the shareholders \/ associates \/ members of the board of directors \/ executive directors of the foreign legal entity regarding the establishment of the place of effective management in Romania;<\/li>\n<li>certified copy of the extract from the Trade Register;<\/li>\n<li>copy of the document or act regarding the use of the space in Romania;<\/li>\n<li>certified copy accompanied by the authorized translation of the contracts concluded with the executive directors \/ members of the board of directors of the foreign legal entity.<\/li>\n<\/ul>\n<p>If a foreign company will be considered resident both in Romania and in a signatory state of a double taxation convention to which Romania is a party, the residence of this person is established according to the norms of the double taxation convention.<\/p>\n<p>The law stipulates that, after the fiscal residence of foreign companies in Romania will be established, they will have a series of obligations, especially registration.<\/p>\n<p>If the non-resident companies do not register for tax purposes in Romania, they will be automatically assigned by the tax authorities a place of effective management.<\/p>\n<p>An important change is that the establishment of residence in Romania must not be based on artificial arrangements in order to reduce taxes and must not create opportunities for non-taxation or lower taxation in Romania.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]Foreign legal entities that have the effective management in Romania must fill in, by June 30, 2021, a questionnaire based on which the tax authorities will establish the tax residence. The questionnaire must be sent with a number of other documents. More precisely, according to Law no. 296\/2020, inter-alia, the following documents are needed: certified [&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-12547","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\/12547","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=12547"}],"version-history":[{"count":2,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/posts\/12547\/revisions"}],"predecessor-version":[{"id":12549,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/posts\/12547\/revisions\/12549"}],"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=12547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/categories?post=12547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kreston.ro\/en\/wp-json\/wp\/v2\/tags?post=12547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}