16.01.2025
Digital Mind and ITXS join forces to digitalize the accounting, audit, and tax consultancy market
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Digital Mind, a company part of the Crowe Romania group committed to driving innovation in technology, began its merger process with ITXS last year, a process that was finalized at the end of 2024.
15.01.2025
The Annual Tax Return for the Year 2024
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On December 18, 2024, Order No. 7015 was published, detailing the procedure for completing and submitting Form 212, the "Annual Tax Return on Income Tax and Social Contributions Due by Individuals" for the year 2024.
13.01.2025
Tax measures introduced by GEO 156/2024
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Emergency Ordinance no. 156/2024 on some fiscal-budgetary measures in the field of public expenditure to substantiate the consolidated general budget for 2025, for amending and supplementing certain normative acts, as well as for extending certain deadlines, was published in the Official Gazette no. 1334 of December 31, 2024, and the provisions presented below entered into force as of January 1, 2025.
19.12.2024
04.12.2024
Main legislative changes of november 2024
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1. Extension of the fiscal amnesty deadline and new measures for the cancellation of tax liabilities 2. Changes to the enforcement of penalties under the RO e-Transport system 3. Clarifications introduced through the application norms of the Fiscal Code 4. Romania suspends double taxation treaty with Belarus 5. Additional tax for credit institutions and specific turnover tax for the oil and natural gas sectors 6. Simplification of the declaration and payment mechanism for tax obligations by individuals
18.11.2024
Simplification of the mechanism for reporting and paying tax obligations for individuals
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Emergency Ordinance no. 128/2024 for amendments and completions of Law No. 227/2015 regarding the Fiscal Code and specific measures for digitalization, as well as for amending and supplementing certain normative acts, aims to eliminate the obligation to submit the Annual Tax Return for certain categories of taxpayers.
05.11.2024
The main fiscal legislative news of October 2024
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1. Amendments and simplifications to the Fiscal Amnesty Procedure 2. Postponement of the new property taxation system by EO 124/2024 3. Registration of non-resident payment service providers in Romania 4. Romania suspends the double taxation treaty with Russia 5. New measures regarding cash register usage
10.10.2024
Main fiscal news in September 2024
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1. Procedure for canceling outstanding budget obligations 2. Additions to Emergency Ordinance 107/2024 on tax amnesty 3. Romania's reciprocity declaration to the United Kingdom of Great Britain and Northern Ireland 4. Extension of the application of tax facilities for research and development and for taxpayers paying minimum turnover tax 5. Procedure for communicating taxpayer data and amounts redirected by the tax authority 6. Nominal value of meal, cultural, and nursery vouchers in the second semester of 2024 and the first semester of 2025 7. Exemption from import duties and VAT exemption for goods belonging to persons fleeing the military aggression between Ukraine and Russia
30.09.2024
09.09.2024
04.09.2024
Main legislative changes of August 2024
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1. Model of transport notice for cash & carry traders; 2. Establishing the deadline for submitting the recapitulative statement and approving certain forms; 3. New details for the administration and monitoring procedure for large and medium taxpayers; 4. Amendment to the procedure for implementing measures for restructuring outstanding budgetary liabilities; 5. Establishing the special cases of enforcement and the competent structures;
21.08.2024
Tax and Legal Guide 2024
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We have launched a comprehensive tax and legal guide designed to support businesses in Romania in successfully navigating the complexities of local taxation.
07.08.2024
Main legislative changes of July 2024
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1. Approval of the model of the form for the declaration of luxury goods 2. Approval of the model form 177 "Application for the redirection of corporate income tax" 3. Approval of the model of the form „Pre-filled Ro e-VAT return” 4. Approval of the model of the form for regarding the registration in the RO e-Invoicing Register of Forced Executions 5. Approval of the VAT refund procedure for transactions carried out by non-profit entities
18.07.2024
Inheritance law in the international context
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Complex rules that can be simplified with proper inheritance planning: a topic that also concerns Italians in Romania
04.07.2024
Main legislative changes of June 2024
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1. Pre-filled RO e-VAT return 2. Changes on the RO e-Transport applicability procedure 3. E-invoicing for B2C transactions 4. New regulations for accounting records of certain taxes 5. VAT provisions for the Return Guarantee Scheme (SGR) 6. Procedure for ex-officio VAT computation for entities for which the VAT number has been cancelled 7. List of large and medium-sized taxpayers
