Tax exemption of reinvested profits– completing the list

In the Official Gazette with the number 1275 of 30 December 2022, the MF Order no.4636 of 29 December 2022 was published regarding the assets used in the production and processing activity and the assets representing the re-processing for which the tax exemption of the reinvested profit applies, according to article 22 of the Law no.227/2015 on the Tax Code.

Assets used in the production and processing activity and assets representing the re-technology for which the tax exemption of reinvested profit is applied, according to article 22 of Law no.227/2015 on the Fiscal Code, with subsequent amendments and additions, are those provided for in the following subgroups and classes of the Catalogue on the classification and normal operating times of fixed assets, approved by Government decision:

Class 1.1.1. ‘Industrial buildings’;
Class 1.1.2. ‘Light constructions with metal structures (production halls, assembly halls, etc.)’;
Class 1.1.3 ‘Hydroelectric power stations, transformer stations and substations, connection stations’;
Class 1.1.4. ‘Thermal and nuclear power stations’;
Class 1.2.1 ‘Agro-zootechnical buildings’;
Class 1.2.2. ‘Light agricultural buildings (huts, sheds, sheds, huts)’;
Class 1.2.3. ‘Mineral or natural fertiliser storage (composting buildings)’;
Class 1.2.4 ‘Silos for animal feed’;
Class 1.2.5 ‘Silos for the storage and preservation of grain’;
Class 1.2.7. ‘Buildings for animal and poultry breeding, paddocks’;
Class 1.2.8. ‘Helical tanks, ponds, basins; sluices and lifts; weirs; troughs, etc. for fish farming’;
Class 1.2.9. ‘Terraces on arable land, orchards and vineyards’;
Class 1.2.10 ‘Greenhouses, solariums, terraces and mushrooms’;
subgroup 2.2. ‘Measuring, checking and regulating apparatus and installations’;
subgroup 2.4. ‘Animals and plants’.

The provisions of this Order shall enter into force on 1 January 2023.

The Directorate-General for Tax Legislation and Customs and Accounting Regulations, the Regional Directorates-General for Public Finance and the Directorate-General for the Administration of Large Taxpayers shall implement the provisions of this Order.