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Order no. 5308/ November 24, 2023 for the amendment of the Nomenclature of independent activities for which the net income can be determined based on the annual income norms
The Order, published in the Official Gazette no. 1105, will enter into force on January 1, 2024 and its provisions eliminate the possibility of determining the net income based on the annual income norms for activities in the IT field, other than those that generate copyright or rights related to copyright.
The annual net income will be determined only on the basis of accounting data (the real taxation system).
The CAEN codes that will be removed from the income norm are:
- CAEN 6202 – Consulting activities in information technology
- CAEN 6203 – Management activities (management and exploitation) of computing resources
For more details, please consult the Official Gazette website.
The EY team is available for further details on the above.
Prepared by:
- Geanina Ciorâță - Senior Manager, People Advisory Services Department
For additional information, please contact:
- Alex Milcev, Partner, Tax & Law Leader Romania & Moldova