In the Official Gazette no.1275 of December 30th, 2022 was published Order no. 4636/2022 regarding the assets used in the production and processing activity and the assets representing refurbishment for which the tax exemption for the reinvested profit is applied.
We remind you that, starting with 1st January, 2023, by GO no. 16/2022, was extended the list of tangible assets for which the reinvested profit tax exemption can be applied, according to art. 22 of the Fiscal Code. Thus, the list is completed with assets used in the production and processing activity and assets representing refurbishment.
By Order no. 4636/2022 it is established that the assets used in production, processing and the assets representing refurbishment for which the reinvested profit tax exemption is applied are those provided in the following subgroups and classes from the Catalogue on the classification and normal duration of operation of fixed assets:
a) class 1.1.1. "Industrial buildings";
b) class 1.1.2. "Light constructions with metal structures (production halls, assembly halls, etc.)";
c) class 1.1.3. "Hydroelectric plants, stations and substations, connection stations";
d) class 1.1.4. "Thermoelectric and nuclear-electric plants";
e) class 1.2.1. "Agrozootechnical buildings";
f) class 1.2.2. "Light agricultural buildings (barracks, sheds, cabins)";
g) class 1.2.3. "Deposits of mineral or natural fertilizers (composting buildings)";
h) class 1.2.4. "Forage silos";
i) class 1.2.5. "Silos for grain storage and preservation";
j) class 1.2.7. "Buildings for breeding animals and birds, paddocks";
k) class 1.2.8. "Ponds, pools; locks and lifts; dams; gutters etc. for fish farming";
l) class 1.2.9. "Arable terraces, orchards and vineyards";
m) class 1.2.10 "Greenhouses, solariums, nurseries and mushroom farms";
n) subgroup 2.2. "Measurement, control and regulation apparatus and installations";
o) subgroup 2.4. "Animals and Plants".