Order of the Minister of Finance (OMF) no. 981/2024 introduced new accounting regulations regarding the minimum turnover tax (IMCA) and the additional tax per activity sector applicable starting with the annual financial statements relating to the year 2024.
Amendments and additions have been made to the accounting regulations:
- regarding individual annual financial statements and the consolidated annual financial statements, as approved by Order of the Minister of Public Finance (OMFP) no. 1.802/2014;
- in accordance with the International Financial Reporting Standards, approved by Order of the Minister of Public Finance (OMFP) no. 2.844/2016.
Following the publication of OMF no. 981/2024 in the Official Gazette, the changes and additions apply starting with the annual financial statements related to the year 2024. Economic operators with a financial year that is not the calendar year apply the new rules starting with the modified financial year commencing after 1 January 2024.