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Deadlines and contraventions for General Register for Recording Employees (REVISAL)

Deadlines for General Register for Recording Employees (REVISAL) The register is prepared in electronic form. The register is completed in order of employment and includes the following elements: 1.the identification data of the employer, natural person, or legal entity of private law, that employs personally on the basis of an

Employer obligations in regard to Workplace Harassment, Internal Regulation and Collective agreement

Workplace Harassment - Employer Obligations The employer is obligated to take any necessary measures to prevent and combat acts of workplace harassment, through the implementation of internal policies and anti-harassment measures, including provisions in the internal regulations. Elimination of all forms of discrimination is achieved through: Prevention of any acts

ANAF Order 1996/2023 – Adapting Romanian tax legislation to the digital economy

In a significant development, the Romanian National Agency for Fiscal Administration (ANAF) has issued Order 1996/2023, aimed at aligning the country's tax regulations with the digital economy. This order introduces Form F7000, specifically designed for online platform operators, to facilitate tax compliance in accordance with Government Ordinance 16/2023 and the

Law nr. 360/2023 on the Public Pension System

As of January 1, 2024, Romania has implemented a significant Pension Reform Law, reshaping the landscape of retirement for women. One of the amendments brought by the Pension Reform Law is the increase in the retirement age for women. The retirement age extended to 65 by January 2035. In conjunction

New regulations introduced by Emergency Ordinance 115 – Individual taxation

In the context of recent legislative changes, significant modifications are made regarding the application of income tax exemption. The new rules cover various aspects, including salary income, the value of subscriptions, and various benefits granted by employers to their employees. Below, we will detail the main changes and their implications.

Significant Changes in Taxation Policies for Microenterprises

Notable amendments have been introduced, particularly impacting microenterprises across various sectors. Here are the key updates: Revised Tax Rates for Microenterprises: The taxation landscape for microenterprises has undergone significant changes, affecting businesses in different economic sectors. The 1% tax rate remains applicable solely to companies with revenues below 60,000 Euros.

Significant Changes in Fiscal Policies – Profit Tax Updates 2024

The recent fiscal policy changes for the year 2024, bringing important updates to the profit tax, highlights the followings: Adjustments of Fiscal Loss Recovery: Starting from the fiscal year 2024, the period for recovering fiscal losses is reduced to the next 5 years, with the possibility to recover only 70%

Newsletter: Major Changes in Salary Tax Calculation Adopted by the Romanian Government through OUG no. 115/2023

We would like to bring to your attention significant changes in salary tax calculation recently adopted by the Romanian Government through Emergency Ordinance (OUG) no. 115/2023, published in the Official Gazette, series 1139/15.12.2023. These changes will come into effect from January 1, 2024, impacting various aspects of employee benefits. Key

Minimum gross salary for construction, agriculture and food industry sectors

On October 31, 2023, the Government adopted Emergency Ordinance no. 93/31.10.2023, which introduced changes regarding the gross minimum wage in certain key sectors of the economy. These changes will have a direct impact on workers in the construction, agriculture, and food industry sectors. Minimum Wage in the Construction Sector The

Obligation of the e-Invoice system

Following the draft legislative changes recently published by the Ministry of Finance, it was introduced the mandatory obligation of the e-Invoice system applied to all taxable persons carrying out activity on the territory of Romania. Thus, we would like to inform you that starting from January 1, 2024, your company

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