Ministry of Finance
Portaria (Ordinance) No. 64/2014, of 12 March

Second amendment to Ordinance No. 121/2011, of 30 March, which regulates and establishes the conditions for the application of the contribution on the banking sector. This amendment increases to 0.07% the rate imposed on the liabilities assessed and approved by the taxpayer deducted from tier-one own funds (tier 1) and additional capital (tier 2) and from deposits covered by the Deposit Guarantee Fund, and to 0.00030% the rate imposed on the notional value of the off-balance sheet derivative financial instruments assessed by the taxpayer.

Amendment Notice No. 18/2014, of 13 March

Amendment notice to Law No. 2/2014, of 16 January, which reforms the taxation of corporate entities, amending the Corporate Income Tax Code (“CIRC”) and the Personal Income Tax Code (“CIRS”).

Law No. 13/2014, of 14 March

First amendment to Law No. 83-C/2013, of 31 December (State Budget for 2014).

Note should be given to the amendment of the provisions concerning the extraordinary solidarity contribution that in 2014 will be assessed on the pensions paid to a sole beneficiary:

  • The contribution of 3.5% will be imposed on all the pensions with a monthly amount between EUR 1,000.00 and EUR 1,800.00;
  • A 10% contribution will be imposed on pensions exceeding EUR 3,750.00 and, in addition, a 15% contribution will also be applicable on the pension amount exceeding 11 times the value of the Social Support Index ("IAS") and up to the equivalent of 17 times that value, and a rate of 40% will apply to the pension amount exceeding 17 times the IAS;
  • The amount of the contribution due could not have as consequence the reduction of the gross monthly pension below EUR 1,000.00, and therefore the contribution should be reduced accordingly in order to secure that such threshold is safeguarded.

Secretary of State for Tax Affairs
Order No. 75/2014, of 28 March

Postponing until the 1st July 2014 the obligation to use invoicing software certified by the Tax Authorities to which the taxpayers that use invoicing software produced internally or by companies of the same economic group are obliged