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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
TAX REFORM: NEW PROVISIONS FOR DIMINI...
A new fiscal rule (Government Emergency Ordinance no. 3/2018) was approved by the Romanian authorities in order to maintain net salary incomes for certain categories of persons who were affected by the amendment of the [...] Read more
22 February 2018
TEMPORARY WORK AGENCIES: AN INCREASIN...
The Romanian and European labor market is facing an unprecedented crisis of qualified personnel, which explains the great mobility encouraged by companies in terms of labor force. In such context, investors, especially foreign ones, increasingly [...] Read more
22 February 2018
PREVENTION LAW: NEW INSTRUMENTS ALLOW...
Taxpayers now have a legal instrument allowing them to remedy any error made in a tax return, without being automatically subject to financial penalties applied by inspectors during a tax inspection. This instrument is Law [...] Read more
5 February 2018
PURCHASE OF LAND IN ROMANIA BY EU CIT...
The Romanian legislation in force provides for the unconditional right of residents or non-residents of the Member States of the European Union or of the European Economic Area to acquire land ownership in Romania. However, [...] Read more
5 February 2018