News
SCREENING OF EUROPEAN DIRECT INVESTME...
All foreign direct investments by EU investors shall be subject to thorough screening, regardless of whether they are subject to screening procedures aimed at economic concentrations, as already applicable to outward investments. Read more
21 December 2023
THE DOMESTIC GROSS SALARY IN 2024
The domestic minimum basic gross salary in 2024 will be 3,300 lei (approx. €663) per month, except for the construction and agriculture sectors, where it will be 4,582 lei and 3,436 lei, respectively. Read more
13 December 2023
FISCAL POLICIES: OVERVIEW OF THE MAIN...
The Law no. 296/2023 published in the Official Journal no. 977 of October 27, 2023, provides for fiscal-budgetary measures on which the government undertook responsibility in the Parliament and brings significant fiscal changes that may [...] Read more
1 November 2023
PREVENTION AND FIGHT AGAINST HARASSME...
In addition to the existing legislation promoting gender equality and safe work environment , without violence and harassment, the GD no. 790/2023, published in the Official Journal no. 939 of October 17, 2023, sets the [...] Read more
24 October 2023
REPORTING ON FOOD AND AGRICULTURAL PR...
The rules of enforcement of the Law no. 105/2023, establishing for the agricultural producers, depositors, processors, and vendors acting in the agri-food sector in Romania the obligation of monthly reporting of food and agricultural products [...] Read more
24 October 2023
NEW MINIMUM SALARY STARTING WITH OCTO...
The Government approved the increase of the basic gross minimum salary at the country level, which, starting with October 1st, 2023, goes from 3,000 to 3,300 lei per month. Read more
3 October 2023
TAXATION: NEW TAX REGIME FOR MICRO-EN...
The government has proposed significant changes to the tax regime for micro-enterprises by passing a bill through the procedure of assuming responsibility in Parliament. Read more
26 September 2023
INCOME TAX EXEMPTION IN THE IT FIELD ...
Under the law draft on tax measures for ensuring Romania’s long term financial sustainability tabled for public debate by the government, the income tax exemption on salaries and other salary-related income for employees in the [...] Read more
22 September 2023
TAX BENEFITS IN THE CONSTRUCTION, AGR...
The income tax exemption (10%) granted to the employees in the constructions field, food and agriculture will be maintained for incomes under 10,000 Lei (around 2,000 euros) whereas the health insurance exemption (in Romanian CASS, [...] Read more
22 September 2023
CONSTRUCTPLUS : FINANCING FOR THE PRO...
Starting with July 7, 2023, the date of entry into effect of the GEO no. 68/2023, companies operating in the construction materials production sector may be eligible to receive state aid of up to 50 [...] Read more
17 July 2023
TAX INCENTIVES: NEW REGULATIONS IN TH...
The procedure for granting tax incentives in the construction field enacted under the Order of the Ministry of Finances no. 1528/2022 was modified by the Order no. 2044/2023 Read more
13 July 2023
LABOR LAW: NEW LEGAL PROVISIONS FOR E...
The Law no. 179/2023 extended from 7 to 12 the age of children whose parents qualify for being granted leave and pay of an allowance to take care of a sick child. Read more
5 July 2023
PRODUCT SAFETY: NEW OBLIGATIONS FOR T...
Consumer products placed or sold on the EU market, both through traditional stores or through means of distance or online sale, will be subject to stricter safety requirements starting with December 13, 2024, Read more
29 June 2023
FDI: EU-INVESTMENTS INCLUDED IN THE S...
The Law 164/2023 published in the Official Journal 495 of June 7, 2023, extends the scope of the screening of foreign direct investments to include, in certain conditions, FDI over EUR 2 MM by EU-investors. Read more
20 June 2023
TAX EVASION: CROSS-BORDER CRIMES PUNI...
Cross-border fraudulent act consisting in the use, submission of false tax returns or non-disclosure of VAT-related information resulting in a loss of at least 10 Mln euros for the EU budget are crimes incurring up [...] Read more
6 June 2023