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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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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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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