Major amendments are provided in respect to the sanctions imposed on entities committing tax evasion, which will materialise in more severe punishments, such as imprisonment. Moreover, for certain acts of tax evasion, taxpayers will no longer be punished with a… Read moreTougher sanctions imposed by authorities for tax evasion
Once spring has set in, authorities put new clothes on the procedures for the tax registration of legal entities, associations and other entities having no legal personality, as well as of natural entities carrying on independent economic activities or being… Read moreNew Registration Forms
Monitorul Oficial al Romaniei, Part I, No 119 / 4 March 2013 has published Government Emergency Ordinance No 9 / 19 February 2013, regarding the environmental tax on vehicles and the abrogation of legislative acts referring to the tax on… Read moreChanges to the environmental tax on vehicles
Monitorul Oficial al Romaniei, Part I, No 52 / 23 January 2013 has published Government Resolution No 23 / 2013 on the establishment of the National Minimum Wage. The abovementioned legislative act establishes the National Minimum Wage (“NMW”) payable in… Read moreAmendment of the national minimum wage
Monitorul Oficial al Romaniei No 44 / 21 January 2013 has published Order No 40 / 2013 of the Minister of Public Finance, regarding major aspects related to the preparation and submission of annual financial statements and annual accounting reports… Read moreFinancial statements, reports and accounts for 2012
Law No 192 / 2006, regarding mediation and the organisation of mediator’s profession, which will become effective concurrently with the entry into force of the New Code of Civil Procedure on 15 February 2013, provides that, in certain fields of… Read moreMandatory mediation prior to litigious proceedings
Monitorul Oficial al Romaniei No 48 / 22 January 2013 has published Government Resolution No 20 / 16 January 2013 amending and supplementing the Methodological Norms for the application of Title VII on Excise Duty and Other Special Taxes of… Read moreFurther amendments to the tax law
In an attempt to replenish the Treasury coffers, the authorities have decided to render widely publicised amendments effective, thus bringing about dramatic changes in the Romanian tax environment. The new provisions cover aspects related to the major issues approached by… Read moreSubstantive changes to the tax Code
The series of changes to the tax legislation seems to never end. The latest regulations refer to aspects related to mandatory social security contributions. Monitorul Oficial al Romaniei No 36 / 16 January 2013 has published Order No 17 /… Read moreLast-minute changes to tax law
Among the latest amendments to the tax legislation, noteworthy are the manner in which the Register of entities applying the new VAT system should be consulted, Form 012 containing the notification of change in the annual / quarterly profit tax… Read moreFurther changes to the tax legislation
