Modification of the Fiscal Code

In the Official Gazette no. 1112 of November 20, 2020, Law no. 262/2020 for the amendment and completion of Law no. 227/2015 on the Fiscal Code, normative act by which facilities are granted to economic operators wishing to invest in dual-vocational education.

The concept of dual-vocational education refers to the need for a synchronization between the demand on the labor market and the supply of human resources, as a result of the professional training achieved by the dual-vocational education. This educational alternative aims to respond to a pressing social and economic need: the professional qualification of human resources according to the real needs of the labor market, and aims to achieve the economic function of education, and ensure the initial training and quality training of young people. so that they can integrate on the Romanian labor market

Thus, keeping the fiscal mechanism provided in art. 22 paragraph (1) of the Fiscal Code, a new paragraph (1 ^ 1) is introduced, with the following content:

(1^1) The profit invested in supporting dual-vocational education by ensuring the practical training and quality training of students is exempt from tax

Letter i) para. (4) art 25 changes, and will have the following content:

  1. i) sponsorship and / or patronage expenses, expenses regarding private scholarships, granted according to the law; taxpayers who perform sponsorships and / or acts of patronage, according to the provisions of Law no. 32/1994 on the sponsorship, with subsequent amendments and completions, of the Library Law no. 334/2002, republished, with subsequent amendments and completions, and the provisions of art. 25 para. (4) lett. c) of the National Education Law no. 1/2011, with the subsequent amendments and completions, as well as those that grant private scholarships, according to the law, decrease the related amounts from the profit tax due at the level of the minimum value between the following:

Art. 25 para. (4) lett. c) of the National Education Law no. 1/2011 stipulates that: economic operators ensure the practical training of students, scholarship, at least at the level of the one granted from public funds for vocational education, and other expenses for the quality training of students;

Paragraph( 1^1) of art.56 is amended to allow all economic operators partners in dual-vocational education, to deduct the amounts allocated by them for the payment of student scholarships, and will read as follows:

(1^1) Micro-enterprises that carry out sponsorships, according to the provisions of Law no. 32/1994, with subsequent amendments and completions, for the support of non-profit entities and religious units, which at the date of concluding the contract are registered in the Register of religious entities / units for which tax deductions are granted according to art. 25 para. (4 ^ 1), as well as the micro-enterprises that grant scholarships to students enrolled in vocational-dual education in accordance with the provisions of art. 25 para. (4) lett. c) of Law no. 1/2011, with subsequent amendments and completions, reduce the related amounts from the income tax of micro-enterprises to the value level representing 20% of the income tax of micro-enterprises due for the quarter in which they registered the respective expenses.