Tax

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

Notice upon submitting the declaration upon real beneficiary

Due date for submitting the declaration of the real beneficiary for companies incorporated before Law 129/2019 entered in force is according to EO 191/2020 90 days from ending of the alert state. Due date is valid both for companies registered with the Trade Registry and for the associations and foundations

Incentives in rescheduling payments in accordance with Emergency Ordinance no. 181/ 26 October 2020

Companies with tax liabilities higher than 5,000 lei, generated after starting date of emergency state ( March 16th, 2020) can benefit of some incentives in rescheduling related payments in accordance with Emergency Ordinance no. 181/ 26 October 2020. The procedure to be followed includes the following steps: the application must be submitted latest December

What do you need to know before dealing with transactions with non-residents?

This article aims to bring the necessary clarifications useful for all parties involved in transactions with non-residents before their implementation, in order to prevent potential additional costs, fines and penalties that may occur due to non-compliance with applicable regulations. Thus, by transactions with non-residents we refer to any type of

Notice upon submitting the declaration upon real beneficiary

Due date for submitting the declaration of the real beneficiary for companies incorporated before Law 129/2019 entered in force is November 1, 2020. The following companies are not obliged to submit the declaration: company listed on a regulated market that is subject to disclosure requirements consistent with Union law or subject

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

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

Assessment of the risk of accident and occupational disease

Notice upon submitting the declaration upon real beneficiary

Incentives in rescheduling payments in accordance with Emergency Ordinance no. 181/ 26 October 2020

What do you need to know before dealing with transactions with non-residents?

Notice upon submitting the declaration upon real beneficiary

Facilities for employees and employers

Tax exemption for Intra-Community supplies of goods

Romania: Non-reimbursable Funds

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

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