RO e-Transport system (GEO 41/2022)

The RO e-Transport System will enter into force on July 1st, 2022. The RO e-Transport system is a set of principles, rules, and IT applications aimed at monitoring the transport of goods with a high tax risk on the national territory, allowing competent authorities to determine potential diversions from or
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Treatment for the depreciation of commercial receivables

To optimize companies’ tax planning, we would like to present below the current treatment for the depreciation of commercial receivables that companies have the right to deduct from corporate income tax calculation if they comply with the provisions in force The companies have the right to create provisions for doubtful
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Romania: e-Invoicing

The electronic invoice (RO e-Invoice System) will be voluntarily applicable in the transactions between economic operators (B2B – Business to Business) starting from the 1st of April 2022. It is important to note that the system will become mandatory starting from the 1st of July 2022. The high risk of
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Ordinance no. 8/2021 – important legislative changes

Starting with September 3, 2021, two ordinances (Ordinance no. 8/2021 and Ordinance no. 11/2021) will apply. We want to bring to your attention, considering those critical in carrying out your current activity Ordinance no. 8/2021 comes with the following most important legislative changes: Dividends tax exemption treatment: The new ordinance
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Paying interim dividends – advantage or not?

Our article aims to address the subject of payment dividends, considering the importance of access to funds in compliance with legal regulation. The most known situation regarding the distribution of dividends to the shareholders of a company occurs after the approval of the annual financial statements, pro-rated to paid share
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15 Years Celebration

Dear Clients, Associates and Business Partners, Thank YOU! Your valuable Trust during all these 15 years gave us the good inspiration and the power to build, to grow continuously, to convert challenges into opportunities, to enjoy our journey as team of professional consultants and to gain a win-win business partnership
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Romania: Anti-Money Laundering

The following reporting entities are subject to Anti-Money Laundering requirements in Romania: a) Romanian legal entities credit institutions, and branches of foreign legal entities credit institutions; b) Romanian financial institutions and branches of financial institutions from other Member States; c) private pension fund managers for their own behalf and for
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Reporting DAC6 – cross-border transactions

Companies must conclude the analysis of all cross- border transactions with business partners from other states This analysis must be strongly documented in order to be able reasoning of the decision of reporting to authorities or not needed the reporting. Cross-border transactions occurred during period 01 July 2020 – 31
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