The new Tax Code: what changes for Microenterprises

With the publication of the Law No. 227/2015 (Lege 227/2015) profoundly changed the tax code effective January 1, 2016.

Subject to further change by a recent Decree are the rules related to the “Microenterprise” advantage regime; we briefly highlight what will change as far as this particular regime is concerned:

1. The Plafond limit to remain in the scheme increases to 100,000 euros (previously it was 65,000 euros);
2. The flat-rate tax on achieved turnover will become variable and linked to the number of employees hired, in particular will pay:

• 1% on turnover companies that have hired at least 2 employees;
• 2% companies with only one employee;
• 3% microenterprises without any employees.

As a reminder, until Dec. 31, 2015, the legislation does not provide for any modulation of the tax based on the number of employees hired.

We remain available for clarification.