Procedures for registration and management of taxable persons registered for VAT purposes

Based on this declaration, the competent fiscal authority will issue the “Registration Certificate for VAT purposes”, containing the VAT registration number issued for intra-community acquisitions
The Declaration has to be submitted with the relevant fiscal authority by:
Taxable persons performing intra-community acquisitions who are not registered for VAT purposes and do not have the obligation to register according to art. 153 of the Fiscal Code; and by
Non-taxable persons performing intra-community acquisitions who have the obligation to register or opt for registration
The Order also provides for the registration procedure for VAT purposes and other procedural requirements for individuals registered as tax payers, (including for those performing independent economic or professional activities)

(Order 2224 published in Official Gazette 3/3 January 2007)

Enforcement of international treaties concluded by Romania

The order provides for the enforcement dates of certain international treaties concluded by Romania, including:
Romania – Morocco Double Tax Treaty (applicable starting 17 August 2006);
Romania – Austria agreement in the field of social security (applicable starting 1 Dec. 2006)
Romania – Hungary agreement in the field of social security (applicable starting 1 November 2006).

(Order 1936 published in Official Gazette 4/4 January 2006)
 

Implementation of certain European Directives in the capital market regulations

The Order approves Regulation 31/2006 of NSC (Romanian, “Comisia Nationala a Valorilor Mobiliare”) completing the domestic capital market legislation with the provisions of the following European Directives:

2006/49/EC regarding the adjustment of the share capital of investment companies and credit institutions
2004/109/EC regarding the harmonisation of the transparency requirements pertaining to the information concerning the issuers of securities traded on a regulated market
2004/25/EC regarding takeover public offers
2004/72/EC regarding the approval of 2006/6/EC Directive regulating the accepted market practice, privileged information and notification of suspicious operations
39/2004 regarding the financial instruments markets
2003/71/EC Directive (amending 2001/34/EC Directive) regarding the prospectus published upon the offering of securities to the public or upon their trading admission
97/9/CEE regarding the investors’ compensatory schemes
85/611CEE regarding the legal, regulatory and administrative requirements pertaining to certain securities joint investment entities

(Order 106/2006 published in Official Gazette 5/4 January 2007)

Norms regarding the Single Administrative Document and the Summary Declaration

The Order approves the norms for the completion, utilisation and printing of the Single Administrative Document (Romanian, "Documentul administrativ unic") and of the Summary Declaration (Romanian, "Declaratia Sumara")
These documents will be used for import purposes in the frame of Romania’s EU Accession starting 1 January 2007
The data to be required in entry and exit summary declarations should be harmonised so as to ensure a common basis for risk analysis throughout the Community and to enable the effective exchange of information between customs authorities
The order also establishes the explanatory Notes regarding the codes used in the Single Administrative Document forms
For the use of the Summary Declaration, the order provides the forms of the Primary and of the Complementary Summary Declaration

(Order 9988/2006 published in Official Gazette 7/5 January 2007)