Romania 2020: split VAT cancelled

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
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Easter Greetings from our team!

Our team of professional is available for any clarifications or additional details required in your analysis. The above information represents just a summary of aspects we consider relevant in the recently published legislation. This is not exhaustive disclosure of information and it is not intended to be used as advice
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March edition of the BKR EMEA region’s E-Update

Our team of professional is available for any clarifications or additional details required in your analysis. The above information represents just a summary of aspects we consider relevant in the recently published legislation. This is not exhaustive disclosure of information and it is not intended to be used as advice
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Romania: 2019 EBITDA & IFRS16

The Companies using operational leasing will disclose higher EBITDA in accordance with the new IFRS 16 to be applied starting from 2019. The new IFRS 16 was implemented also in Accounting rules provided by Order of Ministry of Finance 1802/2014 with all updated amendments, applicable to companies in Romania. The
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Romania: Jump 2019

Planning budget for 2019 should take into consideration proposed general increase of minimum gross salary at level of Romanian economy from 1,900 lei to 2,080 lei. Additionally, the factors of differentiation would be the university studies and years of experience. These could lead in some cases to minimum required salary
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