Mention is made of the changes introduced by Decree Law 102 of Nov. 13, 2013, which amended the microenterprise regime effective Jan. 1, 2014:

– Consulting and management services are also introduced among the activities eligible for the scheme provided that they are up to 20 percent of total revenues (the condition must be verified for each quarter);

-does not consider the exchange rate differences in the first three quarters but the cumulative recorded foreign exchange gain at the end of the administrative year(please note that previously only the income from foreign exchange differences was fully considered);

-Discounts and rebates granted by suppliers and those granted to customers also count toward the formation of taxable income.

It should be noted that as of Dec. 31, 2012, the microenterprise regime is the natural regime for all corporations that:

1) They earn revenues of less than 65,000 euros;

2) carry out activities other than consulting and management;

3) the share capital is not held by the state or public agencies.