The business entities that have employees will present one common report instead of distinct five reports on salaries and related taxes. This is provided in a bill that was passed by the legislature in the first reading, IPN reports.

According to the Ministry of Economy, which is the author of the bill, the presentation of the five reports implies additional costs and requires time for compilation given that there are five different documents and data. But many of the data included in the five reports repeat. The business entities should also interact with three different reporting entities, namely the State Tax Service, the National House of Social Insurance and the National Health Insurance Company.

The informative note to the bill says the public authorities involved in the receipt of the five reports and their processing also incur significant costs.

Thus, it is suggested substituting the five reports by one common report – FSIC16. This will be managed by the State Tax Service. The report will be presented monthly, by the date of 25 of each month.

After adoption in the final reading, the given law takes effect three months of its publication.