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
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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
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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
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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
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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
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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
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Romania: Hiring Foreign Workers

The minimum salary required for foreign employees obliged to obtain work permit in Romania (non-EU) decreased from average gross salary to minimum gross salary at level of economy, similar to Romanian employees. For highly skilled job, the minimum salary required for non-EU foreign employees represents the amount equivalent of two
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Romania: 2019 EBITDA & IFRS16

The Companies using operational leasing will disclose higher EBITDA in accordance with the new IFRS 16 to be applied starting from 2019. The new IFRS 16 was implemented also in Accounting rules provided by Order of Ministry of Finance 1802/2014 with all updated amendments, applicable to companies in Romania. The
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Romania: Jump 2019

Planning budget for 2019 should take into consideration proposed general increase of minimum gross salary at level of Romanian economy from 1,900 lei to 2,080 lei. Additionally, the factors of differentiation would be the university studies and years of experience. These could lead in some cases to minimum required salary
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