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Romania – Revised Deadline for Filing Annual Tax Return, Paying Related Tax

Romania – Revised Deadline for Filing Annual Tax Return

This report covers an extension of deadlines for certain tax return compliance obligations in Romania.

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Government Emergency Ordinance no.15 / 2019 was published in Romania’s Monitorul Oficial (Official Journal of Romania)1 no. 204 of 14 March 2019, extending the deadline for submission of:

  • Romanian Annual Tax Return on Income tax and social security contributions due by individuals with respect to income obtained during 2018
  • Payment of tax obligations for 2018
  • Romanian Annual Tax Return on Income tax and social security contributions due by individuals with respect to income estimated to be obtained during 2019
  • Statement 230 redirecting 2 percent or 3.5 percent of the annual tax on income from salaries and pensions to non-governmental organizations (NGOs).2   

The new deadline is 31 July 2019.  The deadline for granting the 5-percent bonus is also extended until 31 July 2019.Government Emergency Ordinance no.15 / 2019 was published in Romania’s Monitorul Oficial (Official Journal of Romania)1 no. 204 of March 14, 2019, extending the deadline for submission of:

§  Romanian Annual Tax Return on Income tax and social security contributions due by individuals with respect to income obtained during 2018

§  Payment of tax obligations for 2018

§  Romanian Annual Tax Return on Income tax and social security contributions due by individuals with respect to income estimated to be obtained during 2019

§  Statement 230 redirecting 2 percent or 3.5 percent of the annual tax on income from salaries and pensions to non-governmental organizations (NGOs).2   

The new deadline is 31 July 2019.  The deadline for granting the 5-percent bonus is also extended until 31 July 2019.

WHY THIS MATTERS

The deadline for declaration and payment, as described above, was initially set for 15 March 2019.  At the last moment, the deadline was extended until 31 July 2019.  This gives taxpayers and their tax service providers some very welcome breathing room to gather the necessary information and documents and complete/submit their returns and make their payments timely.

FOOTNOTES

1  The Monitorul Oficial can be found by clicking here.

2  With respect to their income tax, which was already withheld at source by the income payer during the previous year, individuals may opt to direct part of that income tax to an NGO of their choice.  This is also applicable to nonresidents paying Romanian income tax on salary or on pension income.

The information contained in this newsletter was submitted by the KPMG International member firm in Romania.

©2021 KPMG România S.R.L., o societate cu răspundere limitată de drept român, membră a organizației globale KPMG, compusă din societăți membre independente afiliate KPMG International Limited, societate privată engleză cu raspundere limitată la garanții.  Toate drepturile rezervate.

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Flash Alert is an Global Mobility Services publication of KPMG LLPs Washington National Tax practice. The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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