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An update to Statement 394 will require companies new disclosures about transactions with related parties
The new form will contain a section where companies will disclose whether they had, or not, any transactions will related... read more

Changes of fiscal regulations
Two of the most recent changes in the Tax Code are postponed to 01.01.2022: 1. The full deduction of the provision... read more

Cancellation of VAT registrations, consequences
Government Ordinance no 4/2015 for amending Law no 571 regarding Fiscal Code, was published into Official Gazette no 74/28.01.2015. Taxable persons... read more

Social contributions for part-time employees with wages lower than the minimum wage on the economy will increase
Ordinance no. 4/2017 for amending the Law no. 227/2015 regarding the Fiscal Code was published in the Official Gazette no.... read more

VAT registrations, forms 088 and 098
Order no 112/2015 approving the model and content of certain fiscal forms used by taxable persons for value added tax... read more

Updates to the Fiscal Code – Ordinance of the Government no. 24/2012 – expenses related to cars

The VAT exemption threshold increases to 300,000 lei
Law no. 72/2018 regarding the approval of Government Ordinance no. 25/2017 for amending Law no. 227/2015 regarding the Fiscal Code... read more

The social security tax is reduces with 5%
Law no 123/2014 amending Law no 571/2003 regarding Fiscal Code was published into Official Gazette no 687/19.09.2014. Social security contribution rates... read more

The split VAT payment applies optionally from 1 October 2017
Ordinance no. 23/2017 regarding split VAT payment was published in the Official Gazette no. 706/31.08.2017. The Ordinance applies optionally between 1... read more