News
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
OUR PARTNER, LOREDANA VAN DE WAART, O...
Loredana Van de WAART, Partner, was one of the key speakers of the fourth Foreign Investors Summit (FIS), the 3-day exclusive business event organized by Business Review between October 31 – November 2, 2017, in [...] 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
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...
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
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) – 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 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
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