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RLWeek November 26 – December 2, 2018: Certain normative acts adopted by the Government. Clarifications on the determination of tax residence and the declaration of foreign income. Draft amendment of some normative acts in the area of land improvement activity. Draft amendment to the Norm on the Application of International Financial Reporting Standards by Insurance Companies

Alina Gaja

Certain normative acts adopted by the Government. On Friday, the 23rd of November, 2018, the Government of Romania published the list of draft normative acts adopted or which the Government took note of at the meeting of the Romanian Government on November 23, 2018. [source]

Clarifications on the determination of tax residence and the declaration of foreign income. On Friday, the 23rd of November, 2018, the National Agency for Fiscal Administration informed that individuals who leave the country for a period or periods of stay abroad for 183 days during any 12 consecutive month period have the obligation to fill in and submit the form “Questionnaire for establishing the tax residence of the natural person when leaving Romania.” [source]

Draft amendment of some normative acts in the area of land improvement activity. On Thursday, the 29th of November, 2018, the Ministry of Agriculture and Rural Development set for public debate a Draft Decision on amending and supplementing certain normative acts in the field of land improvement activities. [source]

Draft amendment to the Norm on the Application of International Financial Reporting Standards by Insurance Companies. On Thursday, the 29th of November, 2018, the Financial Supervisory Authority set a draft Norm for the amendment of the FSA Norm no. 19/2015 on the application of international financial reporting standards by insurance, insurance-reinsurance and reinsurance companies. [source]

Alina Gaja

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