Tax

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

Deductibility of medical tests for COVID-19 infection diagnosing for employees

Emergency Ordinance no. 181/2020 on some fiscal-budgetary measures, for the amendment and completion of some normative acts, as well as for the extension of some terms. Article 20 specifies the following: “Law no. 227/2015 on the Fiscal Code, published in the Official Gazette of Romania, Part I, no. 688 of

Fiscal facilities related to expenditures on early education, vocational and technical education, and dual education

Law no. 239/2020 for the amendment and completion of Law no. 227/2015 regarding the Fiscal Code Article 25 (4), after point (i), has two new points (i1) and (i2) with the following content: “i1) the expenses regarding the operation of the early education units under the administration of the taxpayer

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

Government Decision no. 4/13.01.2021 on the establishment of the minimum gross base salary guaranteed for payment at national level

According to Government Decision no. 4/13.01.2021 published in the Official Gazette, starting with the date of entry into force of this decision, the minimum gross base salary guaranteed for payment at national level will be: from LEI 2.230 lei to LEI 2,300 for an average full-time schedule of 169,333 hours/month, 13,583 LEI/hour

Romania: Last Call of 2020: Tax Incentive for Corporate Social Responsibility Projects

Q4/2020 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 particular case

Assessment of the risk of accident and occupational disease

We draw attention to the following aspects related to the obligation of employers to ensure the safety and health of employees in all aspects related to work (Labor Code - Title V, Chapter 1, art.175). Law no. 319/2006 on occupational safety and health contains the following provisions regarding the obligation

Amendments to the labor contract framework

Paying interim dividends – advantage or not?

15 Years Celebration

Romania: Anti-Money Laundering

Deductibility of medical tests for COVID-19 infection diagnosing for employees

Fiscal facilities related to expenditures on early education, vocational and technical education, and dual education

Reporting DAC6 – cross-border transactions

Government Decision no. 4/13.01.2021 on the establishment of the minimum gross base salary guaranteed for payment at national level

Romania: Last Call of 2020: Tax Incentive for Corporate Social Responsibility Projects

Assessment of the risk of accident and occupational disease

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