Microenterprises’ plafond change: obligations

As has already been pointed out in the previous in formative from February 1, 2017 all commercial companies with private capital that made less than 500,000 euros in revenue in the 2016 calendar year will have to compulsorily adopt the Microenterprise regime (according to Decree Law 3/2017 amending Law 227/2015 (Tax Code) . For the month of January 2017, the problem arises for those companies that having exceeded the old plafond of 100,000 euros have switched to the “for profit” tax regime, i.e., the 16 percent taxation on taxable income only for the month of January as from February 1, 2017 they still fall under the old microenterprise regime.

The regulations on the transitional regime (approved by Decree Law No. 3 of Jan. 6, 2017) stipulate that these companies must,for the “transition” month only (from Jan. 1, 2017 to Jan. 31, 2017) and by Feb. 25, 2017, extraordinarily file tax returns adopting the “for profit” regime in the settlement of the afferent tax.

By the deadline for filing and settling the tax on taxable profit, these companies will also have to file a 010 return to change their tax regime with a switch from the ordinary to the microenterprise regime.

We remain available for any further clarification.