The Ministry of Finance (MoF) has issued the here below Decision No. 245/1 dated 07/06/2020 published in the Official Gazette No. 44 dated 12/11/2020 determining the elements constituting the turnover of banks, financial institutions and financial intermediation institutions to be adopted in order to settle the flat-rate tax provided for in article 20 of Law No.6/2020. Indeed, constitutes the turnover:
a) Concerning banks, financial institutions and financial intermediaries which adopt form (B1) for the annual declaration of the activity’s results: in the aggregate the sum of the accounts of the seventh category contained in form B13 (declaration of profit and loss) of the aforementioned declaration and consequently of the declaration attached to the Decision.
b) Concerning financial intermediation institutions which adopt form (S1) for the annual declaration of the activity’s results: in the aggregate the sum of the accounts of the seventh category contained in form s16 (declaration of profits and losses) of the aforementioned declaration and consequently the declaration attached to this Decision.
The tax shall be paid by virtue of tax rolls attached to the decision (S 13), a copy of which shall be given to the Ministry of Finance, similar to the invoice relating to article 51 of the Law No. 497/2003 and its modifications, in order for the competent authority before the Ministry of Finance to register it in the tax system provided for this purpose.
The tax paid by each bank, financial institution and financial intermediation company is considered to be a deductible charge from the income of the fiscal year 2020, and the penalty paid due to late payment (if any) of the tax within the deadline provided for in article 20 of the Law No. 6/2020, or the due penalty which must be paid and the amount of which is less than what is due, is considered to be a deductible charge.