ANAF has published the Single Return 2024 (Form 212) on its website and it can be completed by those with self-employment, rental income, dividends, interest, cryptocurrencies, video chat, meditation and others.

It must be submitted by May 25. Please note that if you are filing a PFA in 2024, you have 30 days to upload it to the institution’s website by completing the estimate section.

What are the main novellas of the Unified Declaration 2024

More news in the new Unified Declaration. Let’s recall some changes:

1. Methodology for establishing the basis for calculating the tax on income from the transfer of goods for use in the sense that in 2023 the gross income is the annual taxable income.

2. The method of setting the tax on income from the transfer of real estate from personal inheritance, starting from 2023.

In case of transfer of ownership and its division according to legal documents between households to any buildings and adjacent lands, as well as to any land without buildings, taxpayers pay a tax, which is calculated from the value of the transaction with the application of the tax quota (1% or 3%) depending on the period of ownership of real estate objects (owned up to 3 years inclusive or owned for more than 3 years).

3. The procedure for establishing income tax in the form of income from the transfer of securities and derivative financial instruments, as well as from the transfer of investment gold starting in 2023.

4. Change in the provisions regarding the establishment and completion of annual tax obligations representing social insurance contributions and social health insurance contributions held by natural persons due to the introduction of new thresholds according to which social contributions are calculated, respectively 6, 12 or 24 minimum wages for each country, depending on the level of income achieved in fiscal year 2023.

As for estimated income:

1. Methodology for establishing the tax base and income tax from the transfer of goods for use, starting from the 2024 fiscal year

Thus, in the case of income from the transfer of goods for use, the annual net income is determined by deducting from the gross income the expenses determined by applying a rate of 20% to the gross income.

Income from the transfer of personal property for use, paid by legal entities or other persons who are required to keep accounting records, is taxed with tax at the source of income, which is final.

At the same time, the provisions according to which the income received from the execution of more than 5 lease agreements qualify as income from independent activity have been abolished.

The ability to determine net income in the real system based on accounting data has also been removed.

2. Starting from fiscal year 2024, in accordance with the Act on the Establishment and Operation of Local Gastronomic Points, income received by individuals as a result of activities as a local gastronomic point shall constitute income from an independent activity for which the annual net income is determined on the basis of the income rules, respectively to the provisions of the Fiscal Code.

3. Amendments to the provisions regarding the establishment and declaration of contributions to social health insurance for individuals who receive income from independent activity from one or more sources, starting from the 2024 fiscal year

In the case of income from independent activity, the contribution to social health insurance is established on the basis of a calculation equal to the amount of income that is expected to be received for the tax year of taxation, or the annual rate of income, the correspondingly adjusted annual rate of income, depending on the circumstances, which cannot be higher, than the one corresponding to the annual basis of calculation, which is equal to the level of 60 minimum gross wages for each country, valid at the time of submission of the Unified declaration on income tax and social contributions. debts of natural persons (Chapter II), according to May 25 inclusive of the year for which the contribution is to be paid.

Taking into account the mentioned legislative changes, it is proposed to change the model and content of form 212 “Uniform declaration on income tax and social contributions of natural persons”, according to which the declaration of income tax and social debt on contributions will be carried out, starting from 2023, as well as for tax declaration on estimated income and social contributions payable starting in 2024.

What minimum wage is taken into account for the payment of contributions

The minimum salary taken into account in 2024 for income related to 2023 is 3,000 lei (even if during the year the minimum salary was increased to 3,300 lei, which was even confirmed by ANAF). So, as you will also see in the Single Statement, there will be lower thresholds for paying health and pension contributions.

To pay CAS:

• 18,000 lei

• 36,000 lei

• 72,000 lei

For CASS payment:

• 36,000 lei

• 72,000 lei

Finally:

If you have an income between 18,000 and 36,000 lei/year, CAS is zero (it is optional), but you must pay CASS 1,800 lei.

If your income is between 36,000 and 72,000 lei per year, the CAS is 9,000 lei and the CASS is 3,600 lei.

If your income exceeds 72,000 lei per year, the CAS is 18,000 lei and the CASS is 7,200 lei

(Obviously, below 6 minimum wages, only income tax is payable).

Income tax remains unchanged: 10%

What minimum wage is taken into account for income related to 2024

The minimum salary, which is taken into account for income from 2024, is 3,300 lei. A few things have come into effect regarding the limits on the payments you will make in 2025 before May 25.

Income tax remained the same: 10%.

As for CASS, 10% of earned income or income rate will be paid, which will be capped at 60 minimum wages.

Therefore, CASS will be calculated on the basis of a calculation that cannot exceed 60 salaries to net income, respectively, annual rate of income, accordingly adjusted annual rate of income.

So, the ceiling is from 6 to 60 salaries, i.e. from 19,800 to 198,000 lei.

If the base achieved is less than 6 minimum wages, then the PFA will owe the difference in the CASS contribution to the base 6 minimum wages.

Exempt from this CASS difference are those PFAs with income from:

• salary and salary equivalents at a level at least equal to the 6 minimum salaries in each country in force during the period in which the income was received;

• rent, dividends, interest, stock exchange, cryptocurrency, other sources for which they must pay social health insurance contributions at a level at least equal to 6 minimum wages in each country.

Another novelty is from a separate revenue department.

As tax consultant Cornel Grama also pointed out, if a PFA has an income from independent activities of more than 60 salaries (210,000 lei) and from (dividends or rent or stock market, cryptocurrency, etc.) more than 24 minimum salaries, he will pay CASS in the amount of 84 minimum salaries (that is, with an income of 294,000 lei).

“There is no provision that says if you pay PFA of 24 salaries on top of other income (dividends, rent, stock market, interest) you are exempt because you have already ‘deposited’ 24 salaries. What’s more, you paid for… 60 salaries! Self-employment income is no longer stacked with other income categories for the 6/12/24 salary thresholds as before. They are treated separately,” says Grama.

Another recent change concerns rental, dividend or bank interest income received by individuals. In general, if someone has an income below 6 minimum wages, they will pay CASS at 10% of that amount, unless they are in work or have income from self-employment.

You pay CASS if your income in the Single Statement is more than 6 minimum wages and you earned less.

The CAS (pension) ceilings remain the same as before.

IMPORTANTLY: Those who were on the income norm should know that the ceiling has been changed. It is no longer 100,000 euros, but 25,000 euros. So, if you have exceeded €25,000 this year, from 2024 you will switch to the real system.

Read also:

Do you have income from social media, online sales, meditation or video chat? / What you need to know in 2024: under what conditions to register as a PFO and what does it have to do with VAT