Distribution of software license and maintenance services in Romania

Q: How does Romanian law treat the distribution of software license and distribution of maintenance services, i.e. service-packs, care-packs (in particular: VAT taxation, specific rules of invoicing, payment terms, withholding tax)? A: The intercommunity supply of goods and IT related services is taxable using the reversed charge method in the country...

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Case study 04

Q: Due to the adopted conditions of complaints, any corrective invoice issued by the Romanian company for returning the goods by the customer would cause the automatic correction of invoice of Polish company to Romanian company. Is it acceptable in the buy-sell model, maintaining the same method for the...

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Case study no 3

Q: Romanian company, acting on its own account, will be free to set its selling price and from the legal point of view, these prices are not (should not) affect the sales price of Polish company. Polish company wants to use the system mechanism where the Polish invoice (for...

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What are the tax implications of using leased cars

All expenses (lease, fuel, insurance) are fully tax deductible and the related VAT provided that the car is 100% for the use of the business. The company must produce supporting documents to prove such use (transportation sheet that includes at least the minimum information requirements as provided by law...

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