✅New Fiscal Measures in 2024 ✅

• Reduction from 3 to 1 in the number of micro-enterprises in which a person can be an associate/shareholder and hold over 25% of participation rights/voting rights.
• Penalties for micro-enterprises that do not submit annual financial statements automatically switch to corporate income tax. The deadline for submission in 2024 is March 31.
• New criterion for fitting within the limit of 500.000 euros of revenues.
• Micro-enterprises can no longer make deductible sponsorships.

• Recovery of annual tax losses (starting in 2024) from taxable profits, up to 70%, over the next 5 consecutive years.
• Annual tax losses from years preceding 2024, remaining to be recovered by December 31, 2023, are recovered through taxable profits made from January 1, 2024, up to 70% of taxable profits, over the remaining recovery period within the 7 consecutive years following the year of loss registration.
• Limitation to 50% of operating, maintenance, and repair expenses for offices located in personal residences or acquired for personal use.

• Limitation to 50% of tax depreciation for social headquarters not exclusively used for economic activity.
• Limitation to 30% of expenses for adjustments for bad debts.

• Reduction of the cap for deductibility of early childhood education expenses for employees' children (up to 1.500 RON/month for each child within the 5% deductible social expenses cap).
• Limitation to 50% of VAT for purchases, rentals, or leasing of buildings/dwellings not exclusively used for economic activity.
• Decrease in the cap for personal sports facility subscriptions (from 400 euros annually to 100 euros annually/person).
• Maintenance of the amount of 200 lei/month, tax-free for income tax calculation for the year 2024.
• Modification of the cap for advances to settlement payments to 5,000 lei.
• Changes in the RO e-Invoice and RO e-Transport systems.
• In the RO e-Invoice system, deliveries of goods/services for which simplified invoices are issued will not be transmitted.