Amendments to the annual corporate tax return
Forms 101 “Corporate Tax Return” and 101G “Consolidated Corporate Tax Return for Fiscal Groups” have been updated to reflect the amendments to the Fiscal Code introduced in 2024 concerning corporate tax and the minimum turnover tax.
Accordingly, new rows have been introduced to reflect the following:
- Corporate tax payable
- Minimum turnover tax, applicable to taxpayers with an annual turnover exceeding EUR 50 million. This tax becomes due in cases where the computed corporate tax is lower than the minimum turnover tax.
- Tax loss carried forward, limited to 70% of taxable profits realized over the following five consecutive years.
Source: Order No. 206/2025 approving the format, content, and instructions for completing Forms 101 “Corporate Income Tax Return” and 101G “Consolidated Corporate Income Tax Return for Fiscal Groups,” published on February 18, 2025
