Romania passes new tax incentives to bolster business

On 4 September 2020, Romania enacted Government Emergency Ordinance no. 153/2020 (GEO 153/2020), which introduces progressive bonifications for companies improving their equity position. GEO 153/2020 also includes new provisions regarding the calculation of annual corporate income tax (CIT) vis-à-vis government-granted… Read moreRomania passes new tax incentives to bolster business

Romania introduces restrictions on sale and purchase of agricultural land

On 14 August, Romanian lawmakers passed an amendment to Law 17/2014 on the sale and purchase of agricultural land, imposing significant restrictions on the sale and purchase of extra muros agricultural land for foreign nationals. A key amendment to the legislation is… Read moreRomania introduces restrictions on sale and purchase of agricultural land