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TAXATION OF REPRESENTATIVE OFFICES: NEW PROVISIONS

TAXATION OF REPRESENTATIVE OFFICES: N...

New legal provisions regarding the taxation of representative offices of foreign companies in Romania ("ROs") will enter into force on 1 January 2018. These new provisions are set forth by Government Ordinance no. 25 as [...] Read more

28 September 2017
(NINE O’CLOCK) COMPANY RECOVERY UNDER COURT SUPERVISION

(NINE O’CLOCK) COMPANY RECOVERY UNDER...

The recovery under court procedure is a solution designed to allow a company to continue its activity, to maintain its employees and to pay its debts. Read more

8 September 2017
LABOR LAW: THIS SUMMER’S NEWS

LABOR LAW: THIS SUMMER’S NEWS

This summer, the Romanian Labor Code was amended in order to strengthen the fight against undeclared work. The way social security contributions paid by the employers was also changed this summer. Here are, in brief, [...] Read more

8 September 2017
EUROPEAN UNIQUE IDENTIFIER (EUID) – NEW IDENTIFICATION ELEMENT FOR PROFESSIONALS

EUROPEAN UNIQUE IDENTIFIER (EUID) – N...

Are you a company or a certified natural person, registered with the Romanian Trade Registry? In this case, you should be aware of the legal provisions on the identification of professionals that came into force [...] Read more

1 August 2017
SOFTWARE DEVELOPERS: LIMITATION OF THE EXEMPTION FROM INCOME TAX

SOFTWARE DEVELOPERS: LIMITATION OF TH...

The tax incentive introduced at the beginning of this year for software developers, enabling them to benefit from an exemption from income tax (16%), whatever the turnover per employee registered by the employer, was abolished [...] Read more

1 August 2017
COMPANY RECOVERY UNDER COURT SUPERVISION

COMPANY RECOVERY UNDER COURT SUPERVISION

In a company’s life, market changes or bad management may lead to a situation where it can no longer cope with its debts, namely a default on payment. Read more

27 July 2017
[NINE O’CLOCK] CRISTINA BOJICA: THE OBLIGATION OF MULTINATIONAL COMPANIES TO REPORT IN THEIR STATE OF TAX RESIDENCE

[NINE O’CLOCK] CRISTINA BOJICA: THE O...

Multinational groups are required by European law to report in their State of tax residence. This obligation, introduced at European level by Directive no. 2016/881, amending Directive no. 2011/16/EU has just been transposed into Romanian [...] Read more

27 July 2017
ANTI-COMPETITIVE PRACTICES: NEW LEGAL PROVISIONS

ANTI-COMPETITIVE PRACTICES: NEW LEGAL...

Anti-competitive practices are incompatible with the functioning of the internal market of the European Union and are thus prohibited. Natural or legal persons that have incurred a damage caused by anti-competitive practices may take action [...] Read more

30 June 2017
FREE MOVEMENT OF EUROPEAN WORKERS IN ROMANIA – CONTENT AND PROTECTION INSTRUMENTS

FREE MOVEMENT OF EUROPEAN WORKERS IN ...

Are you a citizen of the European Union? Are you planning to move to Romania to work as an employee? If so, it would be useful to know that the Romanian law has recently clarified [...] Read more

30 June 2017
NON-COMPETITION CLAUSE IN ROMANIAN LABOUR LAW

NON-COMPETITION CLAUSE IN ROMANIAN LA...

Protecting the company’s interests is any employer’s legitimate objective, so as to preserve the company’s advantages in relation to its competitors. Romanian law acknowledges employers’ right to protect themselves in the work relations with their [...] Read more

30 June 2017
THE OBLIGATION OF MULTINATIONAL COMPANIES TO REPORT IN THEIR STATE OF TAX RESIDENCE

THE OBLIGATION OF MULTINATIONAL COMPA...

Multinational groups are required by European law to report in their State of tax residence. This obligation, introduced at European level by Directive no. 2016/881, amending Directive no. 2011/16/EU has just been transposed into Romanian [...] Read more

30 June 2017
SALES: WHAT TOOLS TO CHOOSE - OPTION AGREEMENT OR PROMISE TO SELL?

SALES: WHAT TOOLS TO CHOOSE - OPTION ...

Are you planning to conclude a sale and make sure that your partner does not change his mind until the date scheduled for the sale to take place? According to Romanian law, for this purpose, [...] Read more

22 June 2017
GENERAL TERMS AND CONDITIONS

GENERAL TERMS AND CONDITIONS

Do you ever wonder what “general terms and conditions” are useful for? Well, such a contractual document is useful when the parties to a contract do not have the time to sign a proper sale-purchase [...] Read more

8 June 2017
MEAL VOUCHERS: HIGHER MAXIMUM VALUE

MEAL VOUCHERS: HIGHER MAXIMUM VALUE

The maximum nominal value of meal vouchers that employers may grant to their employees has been slightly increased, from 15 Lei to 15.09 Lei, for the first half of 2017. This new value is applicable [...] Read more

8 June 2017
MINIMIS AIDS AIMING AT INCREASING ENERGY EFFICIENCY

MINIMIS AIDS AIMING AT INCREASING ENE...

A new minimis aids scheme, aiming at increasing the energy efficiency of companies active in the industry sector has entered into force on 26 April 2017, further to the publication in Official Journal no. 298 [...] Read more

8 June 2017

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