Tax

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

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

Digital Nomad in Romania

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

Romania: e-Invoicing

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?

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