Accounting

Potential new tax mechanism for Employee Profit-Sharing

The Romanian Parliament has taken an important step toward introducing a tax mechanism designed to reward employees through participation in company profits. A proposed amendment to the Fiscal Code would allow certain companies to grant employees amounts representing up to 15% of the gross profit from the previous financial year,

OUG 13/2026 – Updated rules for share transfers in SRLs, adjustments to the RO e VAT system, and suspension of tax risk class communication

Key changes at a glance Share transfers in SRLs – a tighter procedure with cross‑checks between ANAF and the Trade Registry (ONRC) A share transfer—regardless of which shareholder is involved—becomes opposable to the tax authority only if it is reported to ANAF within 15 days and, where the company has

New obligations for tax registration of entities with salaried activity at secondary addresses

Law no. 245/2025 amends art. 32 para. (7) of Law no. 273/2006 on local public finances, introducing new obligations for the tax registration of entities with salaried activity at secondary addresses. Who is targeted? Any economic operator, public or local institution with an entity organized at an address other than

Integrated Summary: Law 239/2025 & GEO 78/2025 – Effective January 1, 2026

Corporate Governance & Dividends (Law 239) Interim dividends & loans: No loans to shareholders or affiliates while interim dividends remain unregularized. Breach = joint liability + fines RON 10,000–200,000. Capital adequacy: If net assets < 50% of share capital → no loan repayments, no profit distribution until capital restored/reduced. Loss coverage priority: New

From 2026, all companies must have a bank or Treasury account in Romania

Starting 1 January 2026, all legal entities in Romania will be required to hold at least one payment account, either with a Romanian bank or with the State Treasury. This obligation is introduced by Law no. 239/2025, which amends Law no. 70/2015 on cash collection and payment operations. For existing

Budget Reform 2025–2026: The fiscal measures that will matter

The government has recently presented an extensive legislative proposal outlining the fiscal and budgetary measures set to take effect during 2025–2026. The stated goal of these changes is to ensure the sustainability of public finances by increasing revenues and improving expenditure management. Below are the most important proposed changes: Dividends:

Taxation of Dividends in 2025

Adopted at the end of 2024, Emergency Ordinance No. 156/2024, also known as the "Train Ordinance," introduces significant fiscal changes, including those regarding dividend taxes. These changes are part of a broader package of measures aimed at increasing state budget revenues. Key Changes in Dividend Taxation Dividends distributed after January

RO e-Invoicing and RO e-VAT system updates

On June 21, 2024, Emergency Ordinance no. 69/2024 was published, which brings amendments and additions to the regulations regarding the management and implementation of the national system for electronic invoicing, RO e-Factura, and electronic fiscal cash registers, along with other fiscal measures. Key Changes to the RO e-Factura System Extension

ANAF Order 1996/2023 – Adapting Romanian tax legislation to the digital economy

In a significant development, the Romanian National Agency for Fiscal Administration (ANAF) has issued Order 1996/2023, aimed at aligning the country's tax regulations with the digital economy. This order introduces Form F7000, specifically designed for online platform operators, to facilitate tax compliance in accordance with Government Ordinance 16/2023 and the

Significant Changes in Taxation Policies for Microenterprises

Notable amendments have been introduced, particularly impacting microenterprises across various sectors. Here are the key updates: Revised Tax Rates for Microenterprises: The taxation landscape for microenterprises has undergone significant changes, affecting businesses in different economic sectors. The 1% tax rate remains applicable solely to companies with revenues below 60,000 Euros.