ANAF has prepared a draft of the Unified Declaration for 2024, or rather a new edition of form 212, which must be filled out by those who have independent activities, rental income, dividends, interest, cryptocurrencies, video chat, meditation and others.

We remind you that it must be submitted by May 25, 2024.

Draft unified declaration 212– click to open

The changes mainly concern the following aspects:

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. Methodology for determining 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 from 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 gross minimum wages per 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 for use of personal property, 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 on establishing and declaring contributions to social health insurance for individuals who receive income from independent activity from one or more sources, starting from fiscal year 2024

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.

There are other changes, but as usual, throughout 2024, until May 24th, we’ll be providing a VIDEO guide on the different ways to go.

Read also: When is the Unified Declaration submitted in 2024 / What minimum salary is taken into account when paying contributions