Important amendments to the fiscal legislation

Summary: 1. Law No. 296/21.12.2020 amending and supplementing Law No. 227/2015 regarding the Fiscal Code, as amended by the Emergency Ordinance No. 226/31.12.2020 regarding certain tax-budgetary measures and for amending and completing certain normative acts and for extending some terms… Read moreImportant amendments to the fiscal legislation

Țuca Zbârcea & Asociații obtains a final ruling from the High Court of Cassation and Justice in a dispute concerning a fiscal debt of approximately EUR 1.9 million

ȚUCA ZBÂRCEA & ASOCIAȚII obtained from the High Court of Cassation and Justice a final ruling on the admission of the administrative claim filed by a company member of a well-known IT group, seeking the invalidation of the administrative fiscal… Read moreȚuca Zbârcea & Asociații obtains a final ruling from the High Court of Cassation and Justice in a dispute concerning a fiscal debt of approximately EUR 1.9 million

ȚUCA ZBÂRCEA & ASOCIAȚII acted for the newly created start-up – Comarket, a B2B marketplace for the Romanian hospitality industry

Comarket is a digital tool connecting professionals and suppliers in the HoReCa community. By increasing the efficiency and further development of the procurement market, the platform is helping players from the hospitality industry (restaurants, cafés and hotels) in the day-to-day… Read moreȚUCA ZBÂRCEA & ASOCIAȚII acted for the newly created start-up – Comarket, a B2B marketplace for the Romanian hospitality industry

ȚUCA ZBÂRCEA & ASOCIAȚII acted for Clever Business Transilvania on acquiring Romania’s TV station – Prima TV

Clever Business Transilvania, an important independent media group in the Romanian market, owner of a number of TV stations (Look TV, Look Plus, Look Medica, Agro TV, Profit.ro), has recently announced it had completed the takeover of Prima TV, one… Read moreȚUCA ZBÂRCEA & ASOCIAȚII acted for Clever Business Transilvania on acquiring Romania’s TV station – Prima TV

Business stimulus measures taken by Romania in the context of the COVID-19 crisis

In the context of the global health crisis, the Romanian State took several measures dealing with the economic, financial and social consequences of the spread of COVID-19, including a series of stimulus measures, mostly temporary, to protect the business environment…. Read moreBusiness stimulus measures taken by Romania in the context of the COVID-19 crisis

ȚUCA ZBÂRCEA & ASOCIAȚII acted on a EUR 20 million deal whereas EBRD had acquired 25% in Vestmoldtransgaz, the Moldovan subsidiary of Transgaz       

The European Bank for Reconstruction and Development (EBRD) has recently acquired a 25% stake in Vestmoldtransgaz, the gas transmission company that is operating the newly built Ungheni-Chisinau gas pipeline. The EBRD has invested EUR 20 million as part of a… Read moreȚUCA ZBÂRCEA & ASOCIAȚII acted on a EUR 20 million deal whereas EBRD had acquired 25% in Vestmoldtransgaz, the Moldovan subsidiary of Transgaz       

Application of VAT exemption with deduction right for certain VAT exempted transactions

In the context of the adoption at EU level of the package containing the so-called “quick fixes” and in order to clarify certain aspects which raised questions among the business community, Order 2148/2020 issued by the Minister of Public Finances… Read moreApplication of VAT exemption with deduction right for certain VAT exempted transactions