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Legal News
SPLIT PAYMENT OF VAT: THE MAIN CHANGE...
Government Ordinance no. 23/2017 concerning the split payment of VAT, which has been largely criticized by the Romanian business community, has been approved at the end of 2017 by the Parliament, thus becoming Law no. [...] Read more
16 January 2018
LEGAL HOLIDAYS IN 2018
We are hereby sending you a summary of the legal holidays in 2018, in accordance with the provisions of the Labour Code. Read more
15 January 2018
TAX REFORM: NEW CHANGES REGARDING THE...
Government Emergency Ordinance no. 79/2017, published in the Official Journal of 10.11.2017, which transfers employer's contributions to employees, also amends the provisions of the Fiscal Code on the turnover tax payable by microenterprises. Read more
8 December 2017
A NEW SOCIAL SECURITY CONTRIBUTION S...
The Fiscal Code was recently amended by Government Emergency Ordinance (OUG) no. 79/2017, published in the Official Journal on 10.11.2017. Read more
6 December 2017
POSTING OF WORKERS IN THE EUROPEAN UNION
The posting of workers in the framework of the provision of services in the European Union has been a major issue for several years for all the EU Member States. Two points of view conflict [...] Read more
6 December 2017
AMENDEMENTS OF THE FISCAL CODE OBLIGA...
As a result of the publication of Government Emergency Ordinance no. 79/2017 amending the Fiscal Code, the Executive passed Emergency Ordinance no. 82/2017 published in Official Journal no. 902/16.11.2017. This Ordinance provides the obligation for [...] Read more
23 November 2017
INCOME TAX. EMPLOYEE AND EMPLOYER CON...
In addition, lease also note that the Government has expressed its intention to increase the guaranteed gross minimum salary at the national level from Lei 1,450 to Lei 1,900i from the 1st of January 2018. Read more
23 November 2017
JUSTICE REFORM IN ROMANIA: THE EUROPE...
The European Commission presented, on the 15th of November 2017, the Report on the progress made by Romania under the Cooperation and Verification Mechanism (CVM) in order to implement the recommendations made by the European [...] Read more
16 November 2017
PERSONAL DATA: UNIFORM AND COMPULSORY...
As a member State of the European Union, Romania will have to implement, from May 25th, 2018, European Regulation no. 679/2016 on the protection of natural persons with regard to the processing of personal data [...] Read more
10 November 2017
PROMISSORY NOTE: USEFUL ELEMENTS
In business relationships, partners have every interest to benefit from guarantees, in order to have a good recovery of their debts. The promissory note is widely used in this purpose, but its use imposes some [...] Read more
10 November 2017
VAT: NEW RULES…AS OF OCTOBER 1st, COM...
Published in Official Journal no. 706 as of 31 August 2017, Government Ordinance no. 23/2017 on the VAT split payment mechanism allows taxable persons and public institutions to opt, from the October 1st, 2017 for [...] Read more
10 November 2017
ENFORCEMENT OF FISCAL OBLIGATIONS: NE...
New legal provisions regarding the enforcement of fiscal obligations of natural persons or legal entities came have become effective following the amendment of Law no. 277/2015 on the Code of Fiscal Procedure by Government Ordinance [...] Read more
3 November 2017
PROMISSORY NOTE: USEFUL ELEMENTS
In business relationships, partners have every interest to benefit from guarantees, in order to have a good recovery of their debts. The promissory note is widely used in this purpose, but its use imposes some [...] Read more
3 November 2017
PRIVATE HEALTH CARE SERVICES: NEW FAC...
Employees who benefit from health insurance premiums and/or medical subscriptions contracted for their benefit by their employer are exempt from the payment of income tax and compulsory social security contributions up to a ceiling of [...] Read more
28 September 2017
RESEARCH AND DEVELOPMENT: NEW CONDITI...
Among this year’s numerous legal changes in tax law, this September marks the entry into force of new changes regarding the exemption from the income tax. These changes concern a new category of professionals, namely [...] Read more
28 September 2017