12.04.2024
Main legislative changes of March 2024
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1. Extension of the grace period for failure to submit invoices via RO e-Factura system 2. Clarifications regarding the definition of related enterprises 3. Minimum tax or additional tax for operators in the energy sector 4. Consumer Price Index 5. Update of Form 107 "Informative Statement Regarding Beneficiaries of goods/ services/ sponsorships/ patronages” 6. Adjustment of VAT taxable base 7. Tax registration for liberal professions
03.04.2024
01.03.2024
Immigration Services
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Our experts are prepared to help you in all kind of matters related to Global Mobility.
14.02.2024
Main legislative changes of January 2024
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1. Amendments to Form 100 for the declaration of tax on income from the disposal of the use of goods 2. Publication of the Order for determining the assets that are included in indicators I and A 3. Update of declaration 212 "Declaration on income tax and social contributions due by individuals" 4. Social Security Agreement between Romania and the United States of America 5. Double Tax Treaty between Romania and the Principality of Liechtenstein 6. The global minimum tax has been introduced into national legislation
15.01.2024
In 2024, RO e-Transport is mandatory for all goods
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Starting from January 1st, 2024, among the changes brought by the Government Emergency Ordinance no. 115 / 2023, the provisions of Government Emergency Ordinance 41/2022 regarding certain aspects of the implementation of the RO e-Transport system have been modified.
15.01.2024
The global minimum tax has been introduced into national legislation
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The Law applies to entities headquartered in Romania, that are members of a multinational or national group with an annual revenue of at least 750,000,000 EUR recorded in the consolidated financial statements of the ultimate parent company, in at least 2 of the 4 financial years immediately preceding the reference financial year. There are also certain expressly provided exclusions.
11.01.2024
Main legislative changes of December 2023
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1. Changes of the Tax Code and other regulations by the Government Emergency Ordinance no. 115/2023 2. Updated methodological norms for the application of the Tax Code regarding VAT and income from the transfer of real estate from personal assets 3. Lists of large and medium taxpayers, aplicable from 1st of January 2024 4. VAT updates – the new register for the purchase of housing with a reduced VAT rate and obtaining a certificate for deferral of payment at customs of VAT 5. Individual taxation updates - exclusion of IT activities from self-employed activities for which the net income can be determined based on lump sums, new tax returns and the average gross salary for the year 2024 6. Clarifications regarding legal entities operating in the oil and gas sectors and owing specific turnover tax 7. Romania has completed the synthesized text for 55 double taxation treaties with the changes brought by the multilateral convention 8. The procedure for the expansion of the mechanism for offsetting tax claims has been published 9. Several procedures and statements regarding the reporting obligations of platform operators have been published
11.01.2024
