PwC wins ‘Audit Innovation of the Year’ at 2016 International Accounting Bulletin Awards

PwC’s revolutionary data-auditing tool, Halo, has been awarded the prestigious International Accounting Bulletin’s ‘Audit Innovation of the Year’. The award recognises organisations that, with a new initiative or innovation in audit, have made a major change in improving audit quality,… Read morePwC wins ‘Audit Innovation of the Year’ at 2016 International Accounting Bulletin Awards

Accepting an employee to work while the individual employment agreement is suspended represents a civil offense, the High Court of Cassation and Justice ruled

In the future, if following inspections the Territorial Labour Inspectorates state that up to 5 employees are performing work although their individual employment agreements are suspended, they could sanction the employer with a fine ranging from RON 10,000 to RON… Read moreAccepting an employee to work while the individual employment agreement is suspended represents a civil offense, the High Court of Cassation and Justice ruled

Bill granting National Authority for Consumer Protection similar sanctioning powers to those of the Competition Council

A bill for amending the National Authority for Consumer Protection’s statute is currently pending before the standing committees of the Senate (hereinafter referred to as the “Bill”). In June 2016, the bill was adopted by the Chamber of Deputies and… Read moreBill granting National Authority for Consumer Protection similar sanctioning powers to those of the Competition Council

The Chamber of Deputies had formally approved on September 20, 2016 the Law for tax on specific activities

The Law regarding the tax on specific activities (such as: activities performed in the area of hotels, restaurants or bars) also known as the “HoReCa” Law, after being sent back for re-examination and subject of several amendments, was adopted in… Read moreThe Chamber of Deputies had formally approved on September 20, 2016 the Law for tax on specific activities

New regulations on fire safety and civil protection authorizations applicable starting from 1 September 2016

The Order of the Ministry of Internal Affairs (“MIA”) no. 129/2016 approving the Methodological Norms on fire safety and civil protection authorization procedures (“Order no. 129/2016”) entered into force upon its publication in the Official Gazette of Romania no. 675,… Read moreNew regulations on fire safety and civil protection authorizations applicable starting from 1 September 2016