The Minister of Finance proceeded to change and supplement the Order of the Minister of Public Finance no 3055/2009 through Order 1898 of November 22, 2013. These changes will affect the economic agents operating within the scope of O.M.P.F. 3055/2009, beginning with January 1, 2014.
The main changes and clarifications included regard the following issues:
O.M.P.F. 3055/2009 also applies for the permanent offices in Romania of legal persons registered in another country. If the legal person registered in another country conducts its activity in Romania through several permanent offices, the annual financial statements and the accounting reports required by the accounting law shall be prepared at the permanent office designated to meet the fiscal obligations.
According to Law 571/2013 regarding the Fiscal Code, with its subsequent changes and supplements, in the case of foreign legal persons who conduct activities through one or more permanent offices in Romania, the income tax is applied on the taxable income attributable on the permanent office, or on the taxable income determined for the permanent office designated to meet the fiscal obligations. The latter is also the office that shall prepare the financial statements and accounting reports.
