Half-yearly accounting reporting and news from Order 2493/2019

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Half-yearly accounting reporting and news from Order 2493/2019 The Order approves the Accounting Reporting System for June 30, 2019 and establishes the deadline for submitting...

Tax incentives in the construction sector

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The Ordinance amends both the minimum gross salary of RON 3,000 (without including bonuses, allowances and other additions) in the field of construction and...

NAFA published a plan of measures to streamline revenue collection

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This plan includes, inter-alia, the following actions: I. Simplifying Tax Administration Procedures to Support Voluntary Compliance: • reducing the number of forms and statements for legal...

Ordinance 31/2019 brings new tax incentives

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The Government Emergency Ordinance no. 31/2019 to amend the Fiscal Code stipulates the granting of tax incentives and the amendment of the Fiscal Code. ...

Reduced VAT quota for organic and traditional food products!

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Starting with 01.06.2019, the VAT quota for food products recognized by the Ministry of Agriculture as being of high quality, mountainous, eco, traditional, decreases...

Transfer of Business (TOGC) – Long term Tax Implications in Romania

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If the immediate tax implications of a Transfer of Business as a Going Concern are well known and considered by all parties involved, there...

Short tax guide to newcomers

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The number of foreign people choosing to settle in Romania is increasing, slowly but surely. Many authors or freelancers can ignore the poor road...

Online sales – Distance sales to Romania and specific VAT implications

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The distance sales are taxable in the country of destination, except some categories of products. An exemption is also applicable when the total volume...

The Register of the entities for which tax deductions are allowed

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Starting with April 1st 2019 sponsoring companies may apply the specific tax incentives only if the beneficiary is enrolled in a dedicated Registry. In...

The personal income tax return deadline extends until July 31, 2019

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The Government extends the personal income tax return deadline until July 31, announced Prime Minister Viorica Dancila on Tuesday. The deadline for submitting 230 Form,...
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