LEGISLATIVE NEWSLETTER 8 / 2009

Include:

1. Emergency Ordinance 34/2009 - regarding the correction of the budget for year 2009 and regulation of financial and fiscal measures

Amend the Code of Fiscal Procedure

1. After Article 219 of Government Ordinance no. 92/2003 on the Fiscal Procedure Code, republished in the Official Gazette of Romania, Part I, no. 513 of 31 July 2007, with subsequent amendments, insert a new article, Article 2191, with the following contents:

Article 291 1
Contraventions for summary statements

1. Not submitted the summary statements   provided by Title VI of the Law no. 571/2003, or filing such statements with incorrect or incomplete amounts constitute contravention.
2. Act stipulated above shall be punished by a fine of 2% of total EU undeclared goods of purchases / deliveries or, in undeclared differences resulting from incorrect or incomplete statements
3. No person shall be punished for recapitulative corrective statements to the fulfillment of legal deadline for submitting them.
4. Is not penalized person who, after legal deadline for doing so, correct the statements as a result of a fact not attributable to the taxable person.
5. Fine stipulated in para. (2) is reduced by 50% if the taxable person corrected summary statement by the deadline for submission of legal following summary statement

The above mentioned regulations enter in force at 1st of May 2009.