Further clarification on the methodological norms for the application of the tax code

The much expected clarification and exemplifications relating to the VAT system applicable upon receipt of payment have taken on a final form through the publication of amendments to the Methodological Norms for the application of the Tax Code in Monitorul… Read moreFurther clarification on the methodological norms for the application of the tax code

Amendment of the declaration regarding the registration of contracts concluded with foreign legal entities and non-residents

Monitorul Oficial al Romaniei No 695 / 10 October 2012 has published Order No 1400 / 21 September 2012 of the President of the National Tax Administration Agency on the procedure of registering contracts / documents concluded between Romanian legal… Read moreAmendment of the declaration regarding the registration of contracts concluded with foreign legal entities and non-residents

The long expected clarifications on the application of IFRS by listed companies have been published

Monitorul Oficial al Romaniei No 687 / 4 October 2012 has published Order No 1286 / 1 October 2012 of the Minister of Public Finance, approving of accounting regulations harmonised with the International Financial Reporting Standards, applicable by companies the… Read moreThe long expected clarifications on the application of IFRS by listed companies have been published

Amendments to the exchange-rate regime and performance of foreign currency operations

Monitorul Oficial al Romaniei no. 341/19 May 2012 has published Regulation no. 6 from the 9th of  May 2012 which amends and supplements Regulation no. 4/2005 of the National Bank of Romania on the exchange-rate regime, and abrogates Rule no. 4… Read moreAmendments to the exchange-rate regime and performance of foreign currency operations