Accounting

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

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

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

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

Deductibility of medical tests for COVID-19 infection diagnosing for employees

Emergency Ordinance no. 181/2020 on some fiscal-budgetary measures, for the amendment and completion of some normative acts, as well as for the extension of some terms. Article 20 specifies the following: “Law no. 227/2015 on the Fiscal Code, published in the Official Gazette of Romania, Part I, no. 688 of

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

Internal Regulations and the obligation to update according to the new legal provisions

In accordance to provisions of Law no. 53/2003 of the Labor Code with the subsequent amendments and updates, the employers have the obligation to prepare Internal Regulation within 60 days from the date of obtaining the legal personality. Internal Regulations shall include at least the following categories of provisions: rules

Notice upon submitting the declaration upon real beneficiary

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

What do you need to know before dealing with transactions with non-residents?

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

Notice upon submitting the declaration upon real beneficiary

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

Ordinance no. 8/2021 – important legislative changes

Paying interim dividends – advantage or not?

15 Years Celebration

Romania: Anti-Money Laundering

Deductibility of medical tests for COVID-19 infection diagnosing for employees

Reporting DAC6 – cross-border transactions

Internal Regulations and the obligation to update according to the new legal provisions

Notice upon submitting the declaration upon real beneficiary

What do you need to know before dealing with transactions with non-residents?

Notice upon submitting the declaration upon real beneficiary

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