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PUBLIC PROCUREMENT PROCEDURES: IMPORT...
The legislative package governing public procurement has recently undergone new changes, following the publication of Government Emergency Ordinance (OUG) no. 45/2018 in Official Journal no. 459 as from 4 June 2018. These amendments attempt to [...] Read more
2 July 2018
CADASTRE AND REAL ESTATE PUBLICITY: S...
GEO no. 31 as from 18 April 2018, published in Official Journal no. 353 as from 23 April 2018, brings certain changes to Law no. 7/1996 on cadastre and real estate publicity. Such changes simplify [...] Read more
6 June 2018
NEW RULES REGARDING OCCASIONAL WORK
The law regulating occasional work was recently changed and new sectors where economic agents can use unskilled work on an occasional, seasonal basis were added. Law no. 86/2018, published in Official Journal no. 313 as [...] Read more
6 June 2018
PUBLIC-PRIVATE PARTNERSHIP: NEW CHANGES
The legislation governing Public-Private Partnerships (PPP) has just undergone further changes, aimed at creating the premises for an effective use of this mechanism in public investment projects having a major impact in the economy. So [...] Read more
6 June 2018
Tax INCENTIVES FOR INVESTMENTS IN IND...
Foreign and local investors can benefit from a range of tax incentives when they establish themselves in industrial parks in Romania, created in order to stimulate direct investments, regional development and the creation of new [...] Read more
6 June 2018
REMOTE WORKING: NEW RULES
In an effort to bring Romanian legislation in line with European practice and current working conditions in light of the development of technological means of communication, Romania has just adopted a special law on remote [...] Read more
2 May 2018
THE EUROPEAN ACCOUNT PRESERVATION ORDER
The development of commercial relations increases the difficulties encountered by creditors in collecting their claims from debtors in other EU countries. Read more
26 April 2018
MICROENTERPRISES: POSSIBILITY TO OPT ...
Long-expected and heavily debated by the business environment, the Government Ordinance allowing microenterprises to opt again for the corporate tax has just been published in Official Journal no. 291 as of 30.03.2018 (OUG no. 25/29 [...] Read more
13 April 2018
TAX AUDIT OF RESIDENT NATURAL PERSONS
After a very active period in terms of new tax regulations introduced by the authorities, new rules aimed at verifying the fiscal situation of natural persons resident in Romania have become effective on 23.03.2018. Read more
13 April 2018
A NEW PROCEDURE FOR THE WITHDRAWAL OF...
A new procedure for the final or temporary withdrawal of lands located outside built-up areas from the agricultural circuit was passed in February. This procedure regulates the method of approval and the documentation necessary for [...] Read more
30 March 2018
THE UNIQUE DECLARATION – NEW RULES FO...
The Fiscal Code was changed again! Emergency Ordinance no. 18 as of 15 March 2018, published in Official Journal no. 260/23.03.2018, approving certain fiscal and budgetary measures and amending and supplementing certain regulations, reduces the [...] Read more
30 March 2018
FINANCIAL STATEMENTS FOR 2017: APPROV...
At the beginning of each year, companies draft their accounts for the previous financial year... Is there any profit to distribute, reinvest or losses to cover? In order to have an overall picture, the companies’ [...] Read more
15 March 2018
THE “RABLA 2018” PROGRAM, OPEN FOR CO...
Companies wishing to renew their fleet and benefit from non-repayable funding under the "Rabla" scrappage program may file their applications between 15 and 28 September 2018, knowing that the program’s budget for 2018 has been [...] Read more
15 March 2018
PROJECTS FINANCED FROM EUROPEAN FUNDS
Funding projects from European funds is a great opportunity, but also a challenge for Romanian companies in all sectors, in terms of the procedures and formalities to be fulfilled. Read more
22 February 2018
TAX EXEMPTION FOR EMPLOYEES WORKING I...
The tax incentive concerning the income tax exemption (10%), currently in force for university graduate software developers, has been extended, as of the 1st of February 2018, to employees who are not university graduates. Read more
22 February 2018