The deadline for presenting tax returns by private individuals who practice entrepreneurial activities (peasant farms, individual enterprises) is different from the time limit set for the other private individuals – taxpayers. This is March 25, as in the case of legal entities. Given that March 25 this year fells on a Saturday, the time limit will be March 27, IPN reports.
For the convenience of taxpayers, the subdivisions of the State Tax Service on March 22-24 will work for two hours more, until 7pm. On March 25, the working program will close at 5pm, while on March 26 at 1pm.
The tax returns are submitted to the subdivisions of the State Tax Service that serve private individuals who practice entrepreneurial activities.
The income tax rate for peasant farms is of 7%. The peasant farm that didn’t have employees and didn’t earn taxable income in the course of the fiscal period is exempted from presenting the tax return.
The individual entrepreneurs will pay a tax of 7% if the income earned in 2016 was lower than 29,640 lei and of 18% if the income was larger than this sum.
In 2016, the personal exemption was of 10,128 lei, the increased exemption for particular categories of taxpayers of 15,060 lei, while the exemption for maintained persons of 2,256 lei.
The deadline for submitting tax returns by private individuals is April 30. This year, given the nonworking days and holidays, tax returns can be presented until May 2 inclusive.
