Accounting

Due date for submitting the declaration of the real beneficiary for companies incorporated before Law 129/2019 entered in force is according to EO 191/2020 90 days from ending of the alert state. Due date is valid both for companies registered with the Trade Registry and for the associations and foundations

This article aims to bring the necessary clarifications useful for all parties involved in transactions with non-residents before their implementation, in order to prevent potential additional costs, fines and penalties that may occur due to non-compliance with applicable regulations. Thus, by transactions with non-residents we refer to any type of

Due date for submitting the declaration of the real beneficiary for companies incorporated before Law 129/2019 entered in force is November 1, 2020. The following companies are not obliged to submit the declaration: company listed on a regulated market that is subject to disclosure requirements consistent with Union law or subject

As a result of the recent legislative changes, we would like to bring to your attention the new set of documents necessary for the VAT exemption that we warn you to have for any intra-community delivery. By intra-Community delivery we mean a delivery of goods which are transported from one

The government is supporting the business environment affected by the Covid – 19 crisis, approving the tax amnesty for interest, penalties and other accessories owed by taxpayers. The measure aims to collect latest on 15th of December 2020 the outstanding budget obligations as at March31st, 2020, as well as budget

Starting from 1st of February 2020, Romania will eliminate VAT Split. The Emergency Ordinance 78/2019 repeals the Government Ordinance 23/2017 stipulating VAT split system. This measure required customers to pay the VAT amount of vendor’s invoices into a special and restricted bank account. This procedure created a major administrative burden