• CORPORATE LAW: THE BENEFICIAL OWNER – NEW IMPERATIVES

    CORPORATE LAW: THE BENEFICIAL OWNER – NEW IMPERATIVES

    02.10.2019

    Indeed, two years later than the due date, June 26, 2017, established for the transposition by the UE member states in their national legislation of the 4th Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, the Law 129/2019 transposes both the UE Directive 2015/849 of the European Parliament and of the Council from May 20, 2015 and of the UE Directive 2016/2.258 of the Council from December 6, 2016. The normative act in question also repeals the former national regulation in the field of combat against money laundering, namely the Law 656/2002 on the prevention and the combat against money laundering.
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  • TAXATION: OBTAINING THE TAX RECORD ONLINE, POSSIBLE AT LAST

    TAXATION: OBTAINING THE TAX RECORD ONLINE, POSSIBLE AT LAST

    02.10.2019

    The taxpayers registered with the Romanian tax authorities by means the online communication platform, called “The private virtual space” have, for now on, the possibility to request and receive their tax record via Internet. The new service is free of charge and available not only to individuals but also to legal entities and to the ones without legal personality.
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  • THE UNIQUE TAX RETURN: BONUSES ARE FINALLY POSSIBLE

    THE UNIQUE TAX RETURN: BONUSES ARE FINALLY POSSIBLE

    09.07.2019

    The National Agency for Tax Administration has adopted, through the Order no. 1369 of the Ministry of Public Finances published in the Official Gazette no. 479 from June 12, 2019, the proceedings for bonuses granting for online filing, by electronic means of the “Unique Tax Return” on income tax and social insurance contributions due by natural persons as well account payments of the tax liabilities due in 2018, by means of the same unique tax return.
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  • TAX LAW: NEW AMENDMENTS FOR THE CONSTRUCTION SECTOR

    TAX LAW: NEW AMENDMENTS FOR THE CONSTRUCTION SECTOR

    28.06.2019

    Tax regulations concerning the activity of companies in the construction sector, in force since January 1st 2019, were subject to further amendments and clarifications by the Government Emergency Ordinance no. 43/2019, published in the Official Journal no. 507 from June 21st 2019.
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  • THE SANCTIONS REGIME: NEW RULES

    THE SANCTIONS REGIME: NEW RULES

    28.06.2019

    The legal regime of sanctions was subject to some important changes following the publication of the Law no.109/2019 in the Official Journal no. 418 from May 28th amending and completing certain legislative acts in the domain of electronic communications, postal services and equipment market monitoring.
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  • GENDER EQUALITY: EMPLOYERS MUST DOUBLE THEIR EFFORTS

    GENDER EQUALITY: EMPLOYERS MUST DOUBLE THEIR EFFORTS

    31.05.2019

    Employers have legal obligations relating to gender equality and equal treatment between men and women, these obligations being enforceable on companies having more than 50 employees, according to the provisions of the Methodological Norms for implementing Law no. 202/2006 on equal opportunities and treatment between women and men, published in the Official Journal no. 333 from May 2nd 2019.
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  • COPYRIGHT DIRECTIVE PUBLISHED IN THE EU OFFICIAL JOURNAL

    COPYRIGHT DIRECTIVE PUBLISHED IN THE EU OFFICIAL JOURNAL

    31.05.2019

    The copyright reform within the Digital Market, a subject that has been debated at length within the EU since 2016, finally moved on to the next stage after the EU Directive 2019/790 of the European Parliament and of the Council on copyright and related rights in the Digital Single Market and amending Directives 96/9/EC and 2001/29/EC (“Copyright Directive”) was published on the 17th of May in the EU Official Journal.
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  • VOUCHERS: NEW PROVISIONS FOR VOUCHER ISSUERS

    VOUCHERS: NEW PROVISIONS FOR VOUCHER ISSUERS

    31.05.2019

    The order of the Minister for Public Finances no. 1.909 from March 26th 2019 published in the Official Gazette no. 269 from April 9th 2019 modifies the conditions to be fulfilled by companies specializing in the issuance of different types of vouchers, such as meal, childcare, cultural, gift or holiday vouchers, requiring, among other, that the company have a share capital of EUR 500.000 up to EUR 1 million, as the case may be.
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  • INSOLVENCY PROCEEDINGS: RISKS ASSOCIATED WITH ENFORCEMENT ACTIONS

    INSOLVENCY PROCEEDINGS: RISKS ASSOCIATED WITH ENFORCEMENT ACTIONS

    31.05.2019

    Nowadays, financial issues are no longer an exception to the rule, but a constant reality in the life of a company. Within such fragile environment, a series of unfortunate events may suffice to trigger serious financial issues. If only a single company faces difficulties in paying its debts, then this can result in irreversible consequences on the businesses of its partners.
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  • TAXATION : TAX REDUCTIONS FOR CERTAIN TAXPAYERS

    TAXATION : TAX REDUCTIONS FOR CERTAIN TAXPAYERS

    17.04.2019

    At the end of 2018, the Government Emergency Ordinance no. 114/2018 introduced important amendments with a negative impact on the activity of some economic agents from various sectors (banking, energy, telecom). On 29 March 2019, the Government Emergency Ordinance no. 19 was published in the Official Gazette no. 245.
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  • CENTRALIZED PUBLIC PROCUREMENT: NEW PROCEDURES

    CENTRALIZED PUBLIC PROCUREMENT: NEW PROCEDURES

    10.04.2019

    The centralized public procurement procedures, regulated as of 2008, could not have been implemented until recently as the enforcement norms for the GEO no. 46/2018 on set-up, organization and functioning of the National Office for Centralized Public Procurement (NOCPP) were not available.
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  • NGOS - REQUIRED TO SIGN UP IN THE TAX AUTHORITY’S SPECIAL REGISTRY

    NGOS - REQUIRED TO SIGN UP IN THE TAX AUTHORITY’S SPECIAL REGISTRY

    10.04.2019

    As of April 1st, 2019, all non-profit organisations/ units of worship receiving sponsorships/donations/private grants from corporate taxpayers or benefiting from an allocation of up to 3.5% from natural person taxpayers’ income tax must be registered in the Special Registry of the tax agency.
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