Ordinance 31/2019 brings new tax incentives

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!

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

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

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

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

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

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,...

Simplified registration procedure for VAT purposes

The Order approves the template and content of the Statement “Sworn statement for registration for VAT purposes, according to art. 316 par. (1) letter c)...

Romanian tax authorities announces operation ICEBERG

The tax authorities announces operation ICEBERG, which targets the large companies, particularly focused on the ways profits are shifted out from Romanian subsidiaries. This could...

Six payroll changes for 2019

1. Starting on 01.01.2019, according to GD 937/2018, the minimum gross wage has increased from 1,900 RON to 2,080 RON for a full time...
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