Romania amends Fiscal Procedure Code and its high court rules on statute of limitation

On 18 December 2020, the Romanian President promulgated an amendment on the law on fiscal procedures and in the Official Gazette it was published a High Court of Cassation and Justice ruling on the five-year statute of limitations for corporate… Read moreRomania amends Fiscal Procedure Code and its high court rules on statute of limitation

CEE businesses keen on ‘green’ Belt & Road Initiative opportunities, CMS survey finds

­­­­CEE businesses are increasingly interested in environmentally-friendly and sustainable sectors as areas for future Belt & Road Initiative (BRI) investments, while traditional trade-related sectors such as transportation and logistics remain popular. According to a survey commissioned by international law firm… Read moreCEE businesses keen on ‘green’ Belt & Road Initiative opportunities, CMS survey finds

Landmark ECJ ruling on a Romanian case involving deduction of VAT on abandoned investments

On 12 November, the ECJ issued its decision in case C-734/19 ITH Comercial Timisoara SRL (ITH) involving the input VAT recovery for goods and services no longer used by the taxpayer (i.e. pertaining to abandoned real-estate projects). The Court ruled… Read moreLandmark ECJ ruling on a Romanian case involving deduction of VAT on abandoned investments

Survey: Nearly 90% of companies active on the logistics and industrial market in Romania want to ramp up e-commerce. Investments will accelerate next year

More than 8 out of 10 industrial & logistics companies want to accelerate investments in next 12 months or to keep them similar to recent years, according to a survey conducted by Colliers International among 26 top developers and tenants… Read moreSurvey: Nearly 90% of companies active on the logistics and industrial market in Romania want to ramp up e-commerce. Investments will accelerate next year