Navigating the Carbon Border Adjustment Mechanism (CBAM): A Guide for Businesses and Accountants

In response to the pressing need for stringent climate action, the European Union (EU) has elevated its climate targets, paving the way for introducing the Carbon Border Adjustment Mechanism (CBAM). This mechanism is designed to counteract 'carbon leakage,' a phenomenon where companies relocate their production to countries with laxer climate...

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Tax News OUG 115

New changes to the fiscal legislative framework were published on 15.12.2023, as follows: Corporation Tax New rules for deducting the amounts paid to employees for early education, within the limit of 1,500 lei per month/child The deductibility of the expenses with the employees accommodation is carried out at the level of...

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Elevating Business Efficiency: A Comprehensive Guide to E-Invoicing and the Role of Professional Service Providers

In the fast-paced realm of modern business, innovation continues to reshape traditional practices. One such transformation is the widespread adoption of E-invoicing, a digital approach to invoicing that streamlines processes, reduces errors, and enhances efficiency. With a decade of expertise in copywriting, let's delve into the intricacies of E-invoicing, exploring...

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E-Invoice

• Starting with January 1, 2024, companies have the obligation to issue and send B2B and B2G invoices in electronic E-Invoice format. • Starting with July 1, 2024, only invoices issued and sent in the electronic E-Invoice format are recognized as such in accordance with the provisions of the Fiscal Code. •...

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legea 216 2023 aduce clarificari privind livrarea si instalarea panourilor fotovoltaice

Law 216/2023 brings clarifications regarding the delivery and installation of photovoltaic panels

The law brings clarifications regarding the extension of the application of the reduced VAT quota to other supplies of goods and services, inter-alia the main changes we emphasize the following: equipment, including heat pumps, will benefit from the application of the reduced rate; the necessary components purchased separately; the application...

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