IDEAS home Printed from https://ideas.repec.org/a/ahd/journl/v5y2024i11p36-46.html
   My bibliography  Save this article

Clarifications on the Taxation of Micro-enterprises’ Income in the Context of the Amendment to the Methodological Norms for the Application of the Fiscal Code

Author

Listed:
  • Lucian CERNUȘCA

    ("Aurel Vlaicu" University of Arad)

Abstract

The Methodological Norms for the application of the Fiscal Code have recently been adjusted by Government Decision No. 1393/2024, in force since November 11, 2024, in order to clarify some issues that professional accountants face in their practical activity. Among these are clarifications related to the taxation of microenterprise income, which will be discussed in this article. The changes occurred in the norms for the application of the Fiscal Code come in the context of Law No. 296/2023 and Government Emergency Ordinance No. 115/2023. They define the concept of indirect holding in microenterprises and provide clarifications regarding the activity carried out as an authorized natural person/individual enterprise/family enterprise with regard to the verification of related enterprises for the application or nonapplication of microenterprise income tax. The norms also clarify the condition regarding the timely submission of annual financial statements and present a list of legal persons that are not subject to the microenterprise income tax system.

Suggested Citation

  • Lucian CERNUȘCA, 2024. "Clarifications on the Taxation of Micro-enterprises’ Income in the Context of the Amendment to the Methodological Norms for the Application of the Fiscal Code," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 5(11), pages 36-46, November.
  • Handle: RePEc:ahd:journl:v:5:y:2024:i:11:p:36-46
    DOI: 10.37945/cbr.2024.11.05
    as

    Download full text from publisher

    File URL: https://www.ceccarbusinessreview.ro/clarifications-on-the-taxation-of-micro-enterprises-income-in-the-context-of-the-amendment-to-the-methodological-norms-for-the-application-of-the-fis-a434d/download-PDF/
    Download Restriction: no

    File URL: https://www.ceccarbusinessreview.ro/clarifications-on-the-taxation-of-micro-enterprises-income-in-the-context-of-the-amendment-to-the-methodological-norms-for-the-application-of-the-fis-a434a/abstract/
    Download Restriction: no

    File URL: https://libkey.io/10.37945/cbr.2024.11.05?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    microenterprise; indirect holding; related enterprise; natural/legal person; Government Decision No. 1393/2024;
    All these keywords.

    JEL classification:

    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ahd:journl:v:5:y:2024:i:11:p:36-46. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Radu CIOBANU (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.