1. General aspects The primary legislation governing insolvency and restructuring proceedings is Law 85/2014 on preventing insolvency and insolvency proceedings (the ”Insolvency Law”). The Insolvency Law has been amended on October 2, 2018 by Government Emergency Ordinance no. 88/2018 for… Read moreAmendments in the field of insolvency in the pandemic context
Law regarding public pension system amended. On Monday, the 3rd of August 2020, Law no. 163/2020 amending art. 65 (5) of Law no. 263/2010 regarding the unitary public pension system was published in the Official Journal of Romania, part I. … Read more<strong>RLWeek</strong> August 3-9, 2020: Law regarding public pension system amended. Provisions regarding subsidies for Romanian associations and foundations with legal personality amended. National electronic registry of workforce in Romania. Ministry of Internal Affairs’ driver’s permit procedure amended.
As part of BEPS Action 1 concerning the digital economy, the OECD identified two major trouble areas: (i) deciding which state should be able to tax, and (ii) developing allocation mechanisms[i]. Although Action 1 has not led to amendments to… Read moreTaxing digital presence: do we need a digital services permanent establishment in the OECD model?
The online visual identification procedure, an essential part of Ministry of Finance Order no. 2012/2020 (officially passed on 11 June) that allows for tax authorities and taxpayers to communicate by electronic means, is scheduled to enter into force on 11… Read moreRomanian Tax Authority takes a further step towards digitalisation
Deloitte Romania advised TeraPlast Group, the largest Romanian producer of construction materials, in the sale of its steel division to the Irish group Kingspan, global leader in insulation and building envelope solutions, which was already present on the Romanian market…. Read moreDeloitte Romania advised the construction materials local leader, TeraPlast Group, in the sale of its steel division to the Irish group Kingspan
1. Background Despite the constant update of the public procurement legal framework, the Romanian authorities have signalled several issues related to the public procurement contracts granted to certain companies, in circumstances which are not able to comply, in all cases,… Read moreNew transparency measures in the public procurement field
On 8 July 2020, a draft law on remote medical services through means of electronic communication was submitted for debate to the Romanian Senate. Until now, the regulation of telemedicine had applied to the emergency and alert periods surrounding the… Read moreRomania: Bill to permanently regulate telemedicine submitted for legislative debate
On 24 July 2020, Law no. 153/2020 was enacted and published, which introduces tax incentives for the acquisition of electronic cash registers. The passage of this law was prompted by the fact that economic operators had been obliged to adopt… Read moreRomania introduces tax incentives for acquisition of electronic cash registers
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
Dentons, the world’s largest law firm, announces it has promoted Partner Cristina Daianu as Head of its VentureTech practice in Bucharest. While being part of the firm’s Global Emerging Growth and Venture Technology Group, she has advised and worked closely… Read morePartner Cristina Daianu appointed Head of VentureTech practice in Dentons Romania