PwC Romania study: 90% of companies believe that deferral of tax obligations payment is the most useful of the fiscal measures taken in the current context

The postponement of the fiscal obligations payment without the establishment of the accessories up to 30 days from the cessation of the emergency state is considered the most useful measure taken by the government in the context of the COVID-19… Read morePwC Romania study: 90% of companies believe that deferral of tax obligations payment is the most useful of the fiscal measures taken in the current context

PwC survey on the impact of COVID-19 on businesses: 37% have fully or partially interrupted activity, 27% will definitely apply for technical unemployment

37% of companies surveyed have fully or partially interrupted their operations after declaring the state of emergency due to COVID-19 pandemic and 20% have reduced their activity, according to the PwC Romania HR Barometer conducted by PwC Romania at the… Read morePwC survey on the impact of COVID-19 on businesses: 37% have fully or partially interrupted activity, 27% will definitely apply for technical unemployment

PwC survey on the impact of COVID-19 on business: 18% of respondents estimate a decrease of revenues up to 20%

18% of the surveyed companies estimate a reduction up to 20% of the revenues as a result of COVID-19 pandemic impact on business, while the majority (65%) haven’t made assessments yet, according to the PwC Romania HR Barometer. Another 6%… Read morePwC survey on the impact of COVID-19 on business: 18% of respondents estimate a decrease of revenues up to 20%

The total number of cars in use in Europe will decline by 2025. Europeans will prefer mobility platforms than their own cars

The total number of cars in use (parc) in Europe is forecasted to grow with 1,4% by 2025, at 273 million, from 269 million cars this year,  and to decline thereafter with 5,4% by 2030, due to increase of shared… Read moreThe total number of cars in use in Europe will decline by 2025. Europeans will prefer mobility platforms than their own cars

D&B DAVID si BAIAS promotes Amelia Teis and Mihail Boian as Partners

The law firm D&B DAVID si BAIAS announces that, starting 01 October, 2019, Amelia Teis and Mihail Boian become partners in the practice of tax, commercial and administrative litigation. With the promotion in the new roles, they will join the… Read moreD&B DAVID si BAIAS promotes Amelia Teis and Mihail Boian as Partners

The average wages in private sector increased by 6.4% in 2018, according to PwC’s PayWell survey

The overall private labour market salaries in 2018 were slightly higher than the planned levels. Nationwide, salaries increased by 6.4% higher than the planned adjustment (5.7%), according to the 20th edition of PayWell Salary and Benefits Survey conducted by PwC… Read moreThe average wages in private sector increased by 6.4% in 2018, according to PwC’s PayWell survey

Romania might be the second Member State, after the Czech Republic, to apply the generalized reverse charge mechanism

ECOFIN (Economic and Financial Affairs Council of the European Union) has recently decided that EU Member States “most affected by VAT fraud” will be able to apply, by 30 June 2022, under very strict technical conditions, the generalized reverse charge… Read moreRomania might be the second Member State, after the Czech Republic, to apply the generalized reverse charge mechanism

The reverse-charge mechanism for supplies susceptible to fraud was extended until 30 June 2022

The Council of the European Union adopted, on the 24th of September 2018, the prolongation of the period for the application of the optional reverse charge mechanism for supplies of goods and services susceptible to fraud. The same document approved… Read moreThe reverse-charge mechanism for supplies susceptible to fraud was extended until 30 June 2022

Romania loses annually over EUR 6 billion due to VAT gap, according to an European Commission report

According to a report recently issued by the European Commission, uncollected VAT represents EUR 6.13 billion loss for Romania´s 2016 budget. At EU level, uncollected VAT amounted to EUR 147.1 billion, which represents a 12.3% VAT gap. All 6 Central… Read moreRomania loses annually over EUR 6 billion due to VAT gap, according to an European Commission report

Uncollected VAT is costing the state budgets of five CEE countries over 28 billion Euro per year, according to PwC study

According to PwC estimations, the cost of uncollected VAT to the state budgets of five Central and Eastern European (CEE) countries amounted to over 28.2 billion Euros in 2015. The results of this study were presented today at a PwC… Read moreUncollected VAT is costing the state budgets of five CEE countries over 28 billion Euro per year, according to PwC study