Legal

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

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

Amendments to the labor contract framework

We would like to bring to your attention that the framework model of the Individual Labor Contract was amended on Monday, July 19th 2021, by Ordinance 585/2021 on amending and completing the framework model of the individual labor contract, provided in the annex to the Order of the Minister of

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

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

Ordinance no. 8/2021 – important legislative changes

Amendments to the labor contract framework

Paying interim dividends – advantage or not?

15 Years Celebration

Romania: Anti-Money Laundering

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