Legal

News regarding the Real Beneficiary’s statement

By a law adopted at the end of 2021 (number 315 / 29.12.2021) the law 129/2019 for preventing and combating money laundering and terrorist financing was amended regarding the obligation to submit the declaration regarding the ultimate beneficiary (ies). Thus, according to art. 56 of Law 129/2019, legal entities subject

Digital Nomad in Romania

Starting 17th of January 2022, the notion of a digital nomad appears in the Romanian legislation through Law 22/2022, which changes and completes the Government Emergency Ordonnance no 194/2022 regarding the foreign persons in Romania. The digital nomad is the foreign person who: Is employed based on an employment contract to

A new paid day applicable to parents for accompanying their early age children at anti-Covid vaccination

Starting 26th of January, the anti-Covid 19 vaccines will be available for children between 5 and 11 years. The Law 221/2021 adopts a new regulation: the parent who accompanies the minor child (with age under 18 years) or their disabled child (with age under 26 years) at anti-Covid-19 vaccination will

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

Legislative amendments implemented by GEO 130/2021

EMERGENCY ORDINANCE no 130/2021 brings the following legislative changes: Amount deductible for gifts in cash or kind, including gift vouchers, offered to employees and their minor children on Easter and Christmas. The gifts provided for employees on March 8th or granted for the benefit of minor children on June 1st

Law no. 221/26.07.2021 to supplement Law no. 55/2020 regarding some measures for preventing and combating the effects of the Covid-19 pandemic

(1) Persons vaccinated against COVID-19 are entitled, upon request, to the following rights: a) paid day off, which is not included in the annual leave day, for each dose of vaccine, for employees from the public and private systems; b) day of exemption for attending classes, for each dose of

Romania: Last Call of 2021: Tax Incentive for Corporate Social Responsibility Projects

Q4/2021 is the time of the year when companies should act promptly to plan their next CSR projects and benefit from tax credit. Tax credit for sponsorship expenses is granted up to the lesser of: 0.75% of turnover or 20% of the corporate profit tax due. In the case of

EMERGENCY ORDINANCE for amending and supplementing Law no. 53/2003 – Labor Code

We want to draw attention to the new amendments on Law no. 53/2003 – Labor Code regarding undeclared work, under-declared work, additional work, contravention responsibilities. 1. Undeclared work Represents undeclared work “working time over the length of working time established in individual part-time employment contracts” except in cases of force

Law no. 110/2021 on granting parents free days for the supervision of children, in the situation of temporary closure of the educational establishments

Law no. 110/2021 published in the Official Gazette on October 5th 2021 provides for the granting of free days to one of the parents for the supervision of the children, in the situation of temporary closure of the schools where they are enrolled, as a result of the extreme situations

Sponsorship fiscal treatment

To optimize the cash flow of not-for-profit organizations and companies' tax planning, we would like to present you below the current sponsorship treatment. Sponsorship is a legal act by which two persons (individual or legal) decide the transfer of ownership of some material goods or cash to support some non-profit activities

News regarding the Real Beneficiary’s statement

Digital Nomad in Romania

A new paid day applicable to parents for accompanying their early age children at anti-Covid vaccination

Romania: e-Invoicing

Legislative amendments implemented by GEO 130/2021

Law no. 221/26.07.2021 to supplement Law no. 55/2020 regarding some measures for preventing and combating the effects of the Covid-19 pandemic

Romania: Last Call of 2021: Tax Incentive for Corporate Social Responsibility Projects

EMERGENCY ORDINANCE for amending and supplementing Law no. 53/2003 – Labor Code

Law no. 110/2021 on granting parents free days for the supervision of children, in the situation of temporary closure of the educational establishments

Sponsorship fiscal treatment

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