Legal

Facilities for employees and employers

Changes regarding the payment of the Disability Fund: Law no. 193/2020, published in the Official Gazette no. 767 of 21 August 2020 amends art.78 paragraph (3) of Law no.448 / 2006, gives employers the opportunity to choose one of the following options, regarding the payment of the disability fund, to the state: to

Tax exemption for Intra-Community supplies of goods

As a result of the recent legislative changes, we would like to bring to your attention the new set of documents necessary for the VAT exemption that we warn you to have for any intra-community delivery. By intra-Community delivery we mean a delivery of goods which are transported from one

Romania: Non-reimbursable Funds

There are some Good News about Money to come for several categories of business in Romania. Microgrants of 2,000 Eur for free-lancers and companies without employees; Working capital grant, equivalent of 15% of turnover, up to 150.000 Eur, for some companies affected by pandemic crisis, committed to continue their activities for

Emergency Ordinance no. 92/2020 for the establishment of active support measures for employees and employers in the context of the epidemiological situation caused by the spread of the SARS-CoV-2 coronavirus, as well as for the amendment of some normative acts

Partial settlement of salary costs – recovery from technical unemployment Starting from June 1st, 2020, employers affected by technical unemployment, both subsidized and unsubsidized according to the provisions of GEO 30/2020 will benefit, for a period of three months, from the settlement of part of the salary, supported from unemployment

Emergency Ordinance 70/2020 on the regulation of certain measures starting with May 15, 2020

Measures adopted starting with May 15, 2020, in the context of the epidemiological situation determined by the spread of SARS-CoV 2 coronavirus: the granting of the unemployment indemnities provided by art. XI and art. XV of GEO no. 30/2020 is extended for the period between the termination of the state

The government has approved the tax amnesty proposed by the Ministry of Finance for interest, penalties and other accessories due to taxpayers who will pay the main arrears until December 15, 2020

The government is supporting the business environment affected by the Covid – 19 crisis, approving the tax amnesty for interest, penalties and other accessories owed by taxpayers. The measure aims to collect latest on 15th of December 2020 the outstanding budget obligations as at March31st, 2020, as well as budget

Submission of Declaration regarding the beneficial owner

For the year 2020, the companies incorporated before 21.07.2019, under the obligation of submitting the declaration upon beneficial owner according to law 129/2019, shall submit one declaration within 15 days from approval of balance sheet, that will cover both the obligation regulated in art 62 (1) of the above law

Law no. 19/2020 on granting parents free days for the supervision of children, in the situation of temporary closure of the educational establishments

Law no. 19/2020 published in the Official Gazette on March 14, 2020 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

Chamber of Deputies adopted the draft law for the increase of the nominal value of the meal vouchers from 15.18 lei, to 20 lei

The draft law amends art. 14 of Law no. 165/2018 regarding the value tickets: “Art.14.- The nominal value of a meal ticket may not exceed the amount of 20 lei at the date of application of the provisions of this law.” Companies, as well as other individuals and legal persons

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