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THE MAIN LEGISLATIVE AND TAX CHANGES ...
The New Year comes with many legislative and fiscal changes but also with some extended deadlines aimed mainly at supporting the economic activity of companies, in the context of the COVID-19 pandemic. Read more
7 January 2021
LEGAL HOLIDAYS IN 2021 IN ROMANIA
A summary of the legal holidays in 2021, in view of the provisions contained in the Romanian Labour Code. Read more
21 December 2020
KURZARBEIT IN ROMANIA : NEW RULES
The Covid-19 crisis has entailed certain important changes in labor law in Romania, which are not so easy to actually implement. Read more
14 December 2020
COMPANIES LAW: NEW LEGAL PROVISIONS
The law n ° 223/2020 aimed at simplifying and smoothing the transfer of shares and the payment of share capital, published in the Official Journal n ° 1018 of November 2, 2020, entered into force [...] Read more
25 November 2020
KURZARBEIT: NEW MEASURES FOR EMPLOYEE...
In the context of the economic crisis caused by the Covid-19 pandemic, the Government has recently adopted new measures intended to protect employees and employers and which aim, on the one hand, to stimulate employment, [...] Read more
31 August 2020
ULTIMATE BENEFICIAL OWNER: NEW AMENDM...
Government Emergency Ordinance No. 111/2020 on amending and supplementing Law No. 129/2019, is the result of intense debates between legal professionals and recipients of Law No. 129/2019 on the prevention and combating of money laundering [...] Read more
24 July 2020
INSOLVENCY PROCEEDINGS: NEW RULES
The Law n° 113/2020, published in the Official Gazette no. 600/2020, introduces some important changes of the Law no. 85/2014 on insolvency prevention and insolvency proceedings. Read more
23 July 2020
BENEFICIAL OWNER: RELIEF ON DECLARATI...
The Law no. 129 from July 11, 2019 on the prevention and fight against money laundering and terrorist financing was subject to some important alteration aiming at easing excessive bureaucracy implemented at fist. Read more
9 July 2020
COMPANIES: SIMPLIFICATION OF FORMALITIES
Companies’ law no. 31/1990 has been substantially amended at the beginning of this July which resulted in more flexible proceedings of incorporation of companies. Read more
8 July 2020
DIGITALISATION: CONNECTING ELECTRONIC...
Starting with July 1, 2020, electronic cash registers shall be connected at NAFA’s servers, which is indeed a first in Romania, a very important turning point in the process of digitization of the administration. Read more
30 June 2020
LABOR LAW : NEW MEASURES TO SUPPORT E...
Part of the support package for companies whose activity has been impaired by the Covid-19 pandemic, the State has adopted under the GEO no. 70/2020 and the GEO no. 92/2020 certain measures aimed to encourage [...] Read more
12 June 2020
FISCAL POLICY: ONLINE PAYMENT OF TAXE...
The measures aimed at containing the spread of the virus COVID-19 speed up the digitization process of the public administration. In line with such speeding, the National Agency for Fiscal Administration (NAFA) has announced the [...] Read more
27 April 2020
DIGITIZATION: ELECTRONIC COMMUNICATIO...
The restrictions imposed by the State in the context of the COVID-19 pandemic have resulted in a speed up of digitization of the exchange of documents between the economic operators and the Romanian public authorities. Read more
23 April 2020
COVID19: TOUGHER SANCTIONS FOR INFRIN...
In the context of the development of the COVID-19 pandemic and of the stringency to contain the soaring spread of the virus, the Government has adopted the GEO no. 34/2020 whereby sanctions for inobservance of [...] Read more
2 April 2020
COVID-19: ECONOMIC AND FISCAL & BUDGE...
The Emergency Ordinance of the Government no. 29/2020 on certain economic and tax & budgetary measures aimed at mitigating the negative effects on the economy caused by the COVID-19 pandemic has been published in the [...] Read more
26 March 2020