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Major Changes to Romania’s Tax System: A Breakdown of New Laws and Regulations
Amendments in corporation tax area: Starting with January 1, 2024, taxpayers who registered a turnover bigger than EUR 50,000,000 in... read more
Several amendments to the legislation on holidays and social insurance benefits
The order stipulates that in the first stage the medical leave can be granted only for four calendar days, in... read more
The minimum wage increases by 150 lei from January 1st 2020
The Government issued the Decision no. 935/2019 which regulates the minimum gross salary guaranteed for payment. The minimum gross wage will... read more
Order 2206 on half-year accounting reporting was published
The Order approves the Accounting Reporting System on June 30, 2020 and establishes the deadline for submitting to the territorial... read more
Starting from Sept. 1st 2013: VAT (9% for bread), VAT registration, Excises, Social securities
Clarification for fiscal loss to be transferred to companies emerging from merge/split of companies
NAFA published a plan of measures to streamline revenue collection
This plan includes, inter-alia, the following actions: I. Simplifying Tax Administration Procedures to Support Voluntary Compliance: • reducing the number of forms... read more
Emergency Ordinance 130 was published regarding some fiscal-budgetary measures
Inter-alia the main amendments brought by the ordinance are the following: • Increasing the ceiling on non-taxable vouchers offered as a... read more

