Smart Update: Declarative obligations for payers of wages and assimilated income and incomes subject to withholding tax



smart-update

 

1. Declarative obligations for payers of wages and assimilated income and incomes subject to withholding tax

Starting with 1 January 2017, the obligation of submitting Statement 205 is no longer required for payers of income from wages and assimilated income, of exploitation in any form of intellectual property rights, pensions, lease, as well as for legal entities who are obliged to calculate, withhold and pay the tax due by individuals according to article 125 par. 8 and 9 of Tax Code.
Thus, the Tax Administration eliminated from the statement’s form the columns corresponding to the previous mentioned revenues. This provision also applies to 2016 revenues.
However, the said payers of income are required to submit the Declaration on payment obligations of social contributions, income tax and nominal record of insured persons for each income beneficiary.
Obligation of submission of Statement 205 is still in force for payers of income subject to withholding tax, others than those mentioned above.

2.Stock option plan provisions

Starting with January 2017, the scope of stock option plan provisions also includes equities defined as any share or stock in a general partnership, limited partnership,limited company, limited partnership by shares, limited liability company or in any other legal entity or an open investment fund.

Download Smart Update – February regarding the new legal provisions mentioned above and share them with your team:

Your name*


Your email*


Your company

Share on Facebook0Share on LinkedIn0Share on Google+0Tweet about this on TwitterPin on Pinterest0