Elimination of the obligation to submit the Single Declaration for estimated income
One of the main changes is the elimination of the obligation to file the Single Declaration for declaring estimated income, income tax, social security contribution (CAS) and social health insurance contribution (CASS). Thus, taxpayers will no longer have to file this declaration during the year for estimated income, simplifying the tax compliance process.
At the same time, the obligation to submit the SINGLE DECLARATION in the current year is eliminated for taxpayers who start or cease an activity during the fiscal year, as well as those who temporarily interrupt their activity or enter into temporary suspension of their activity according to the relevant legislation, as well as in situations where changes occur to the contractual clauses or in the event of termination, during the fiscal year, of the rental contracts concluded between the parties. In these cases, individuals are obliged to submit the single declaration by May 25 inclusive of the year following the year of income generation.
Introduction of the pre-filled Single Declaration
Starting with the income for the year 2025, the National Agency for Fiscal Administration (ANAF) will send taxpayers the pre-filled Single Declaration with data on income earned, income tax due, the calculation base for social contributions and the amount of contributions due. The procedure for pre-filling, verifying and sending the Single Declaration will be approved by order of the President of ANAF by May 10, 2025, and the first pre-filled declaration will be submitted by May 25, 2026.
Simplifying the mechanism for calculating and paying tax obligations
GEO 128/2024 aims to simplify the mechanism for calculating, declaring and paying tax obligations owed by individuals. Thus, taxpayers will declare income earned and the related tax obligations only in the following year, by May 25, based on the income actually earned, eliminating the need to file declarations for estimated income.
Obligation to register rental contracts
Taxpayers who obtain income from the transfer of the use of personal property, other than income from leasing and from the rental for tourist purposes of rooms located in personally owned homes, are obliged to register the contract concluded between the parties, as well as any subsequent changes, within 30 days of its conclusion or modification, with the competent tax authority.
Conclusion
The amendments brought by GEO 128/2024 represent an important step towards simplifying and digitizing tax processes for individuals in Romania. The elimination of the obligation to file the Single Tax Return for estimated income and the introduction of pre-filled tax returns by ANAF will reduce the administrative burden for taxpayers and encourage voluntary compliance. It is essential that individuals are informed and prepared for these changes, ensuring that they comply with the new tax deadlines and procedures.
