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Fiscal-Budgetary Measures for Providing Romania’s Financial Sustainability. The Impact on Limited Liability Companies/ Certified Natural Persons

Author

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  • Elena STĂNCIULESCU

    (Bucharest)

Abstract

By this article we aim to emphasize the new fiscal-budgetary measures that shall be applied starting with 2024 and their impact on limited liability companies and certified natural persons. In this respect, we present issues regarding the new taxation rates applicable to micro-enterprises, what happens when the turnover exceeds certain limits, what are the additions to the Fiscal Code with regard to the calculation method of the corporate tax for large companies with a turnover of over 50 million Euros, as well as the modification of the calculation method of the health insurance contribution in the case of certified natural persons.

Suggested Citation

  • Elena STĂNCIULESCU, 2023. "Fiscal-Budgetary Measures for Providing Romania’s Financial Sustainability. The Impact on Limited Liability Companies/ Certified Natural Persons," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 4(11), pages 40-48, November.
    • Handle: RePEc:ahd:journl:v:4:y:2023:i:11:p:40-48
    DOI: 10.37945/cbr.2023.11.05
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    More about this item

    Keywords

    limited liability company; certified natural person; tax rate; turnover; income tax; corporate tax; health insurance contribution; Law No. 296/2023;
    All these keywords.

    JEL classification:

    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law

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