Legal

Newsletter regarding the modification of part-time contract contributions, effective January 1, 2020

Law 263/2019 – published in the Official Gazette no 1054 of December 30, 2019, part I – eliminates the provision introduced in 2017, whereby wages for part-time employment contracts (<8h / day) were taxed at least at the minimum wage value on economy’s level. Starting with January 1, 2020, part-time

Government Decision no. 935/2019 on the establishment of the minimum gross base salary guaranteed for payment at national level

According to Government Decision no. 935 / 13.12.2019 published in the Official, starting from January 1 st 2020 the minimum gross base salary guaranteed for payment at national level will be: ➢ from LEI 2.080 lei to LEI 2.230 for an average full-time schedule of 167,333 hours/month, 13,327 LEI/hour ;

New EU obligation of tax transparency

If cross-border arrangements lead to tax benefits without substance of economic benefits, these will become cross-borders to be reported. Some Examples: acquisition of companies with tax losses; ownership in companies from jurisdictions not exchanging information; lack of economic substance of subsidiaries-lack of staff, equipment, assets, premises; transfer intangibles difficult to

ANAF – Enforcement of the amounts due to the debtors

Dear Partner, Willing to act proactively and to support you permanently, we bring you awareness to the fact that the National Agency for Fiscal Administration, has the right to enforce by confiscation all and any amount of money representing income for the company, available in lei or foreign currency, securities or other intangible

Declaration regarding the beneficial owner – Law no. 129/2019

As we announced in the past, Law no. 129/2019 for the prevention and combating of money laundering and financing terrorism, as well as for the modification and completion of some normative acts, which entered into force on July 21, 2019, specifies that there had been introduced the declaration regarding the

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

What You Need to Know About Payroll in Romania

After the principalities of Wallachia and Moldovia united, Romania gained independence from the Ottoman Empire in 1877. Located at the crossroads of Central, Eastern, and Southeastern Europe, this country is the 12th largest in the European Union (EU) and is home to almost 20 million people. After the 1989 Romanian

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

OUG 114/2018 – Minimum wage and tax exemptions in the Construction industry

Emergency Ordinance no. 114/2018 published in the Official Gazette no. 1116 of 29 December 2018, through Chapter III – amending and completing some normative acts, provides important changes regarding wages in the construction industry. We consider that it is of huge importance to inform you of the following: For the

Romania: New Year- New Trendy Tax Hat

As we are used for years… most probably Santa Claus is bringing new inspiration and is converting the last week of December in the most prolific period in emergency government ordinances… Thus, Romanian Government declares as priority for future development the sector Constructions for the period 2019-2028. Based on this

Newsletter

Recent posts