Economic agents making purchases using corporate bank cards will not be required to issue a tax invoice.
This is provided for by the amendments to the Tax Code initiated by the PAS deputies. In particular, a cash/tax receipt will be considered a supporting document for the deduction of expenses paid using the company’s corporate bank card, and such transactions will not be subject to the allowable limits for the deduction of undocumented expenses provided for in the Tax Code (up to 0.2% of taxable income during the tax period). This change is expected to be an important bureaucratic easing for businesses, especially when making low-value purchases. It is also proposed that individuals who are engaged in independent entrepreneurial activities increase their taxable income at a rate of 1% - from 0.6 million lei to 1.2 million lei if they accept payment for goods sold exclusively through payment instruments (payment card, mobile phone, etc.), while it is allowed to pay in cash up to 10% of the total amount of income for one tax period. This change is aimed at stimulating the transparent activities of individuals engaged in independent commercial activities and increasing the income of this category of taxpayers. The draft also provides for a number of clarifications regarding the content of the cash receipt and other primary reporting documents. The bill must be approved by the government, after which it will be considered by parliamentary commissions. //01.02.2022 — InfoMarket.
