Mondaq All Regions - Romania: Tax
Schoenherr Attorneys at Law
Companies can mitigate the risks by having the TP file available before the tax authorities request it.
Schoenherr Attorneys at Law
Romania recently implemented the EU Directive in its tax legislation.
Stalfort Legal
The intensely debated ‘tax revolution' of November 2017, which, among other things, transferred liability to pay social contributions to the employee, had disadvantages for employment relationships...
Volciuc-Ionescu SCA
A tax on windfall gains obtained by domestic gas producers as a result of deregulating the sale prices for domestic natural gas was introduced in 2013 by Government Ordinance No. 7/2013 (GO 7/2013), ...
Popovici Nitu Stoica Asociatii
A mandatory VAT split payment system has been recently introduced through Ordinance no. 23/2017, entering into effect on January 1, 2018.
Maravela Asociatii
The applicable regulations contained no subjective evaluation criteria, as well as no transparent analysis procedures to be applied or followed by the fiscal authorities.
Biris Goran SPARL
Romania is on the road to becoming an Eastern European tax haven for holdings as well as a generally attractive investment destination.
Nestor Nestor Diculescu Kingston Petersen SCA.
Decision no. 284/2017 amending and completing the methodological norms for the application of Law no. 227/2017 regarding the Fiscal Code, approved by Decision no. 1/2016 was published in the Official Gazette 319/2017
TMF Group
Ordinance 79/2017 brought important updates to the Romanian Fiscal Code regarding corporate income tax, micro-enterprise income tax, personal income tax, statutory social contributions...
Buzescu Ca
A company is considered resident if its head office is registered in Romania or has its effective place of management in Romania.
Schoenherr Attorneys at Law
By way of a recent measure that has resulted in numerous debates and raised significant criticism, the Romanian Government has decided to change the country's VAT payment system.
TMF Group
From 1 October 2017, Romanian taxpayers registered for VAT purposes can choose to apply the VAT split payment system. It becomes mandatory as of January 2018.
TMF Group
Fiscal changes introduced in Romania this year include a reduced VAT rate, the elimination of R&D tax and the health contribution threshold.
TMF Group
The most notable change in the fiscal environment in 2017 so far has been the VAT rate. It has decreased three times in the past 18 months, most recently in January when it reduced to 19%.
TMF Group
After being approved and then rejected by the President, Romania this week finally achieved cross-party agreement on the extent of VAT cuts; it will drop to 20% from next year, and to 19% from 2017.
Schoenherr Attorneys at Law
Since the beginning of 2015, a number of legislative changes were enforced regarding the VAT registration of Romanian companies established in accordance with Company Law no. 31/1990.
Schoenherr Attorneys at Law
On 1 January 2014, the Romanian Government introduced a new property tax, namely a tax on constructions.
Schoenherr Attorneys at Law
For eligible investors, Romania has a number of attractive tax incentives that can reduce the overall tax burden or improve cash flows during the investment phase.
Schoenherr Attorneys at Law
Non-resident investors face many challenges when it comes to assessing the tax impact of their financial transactions and complying with tax rules in Romania.
Schoenherr Attorneys at Law
The reverse charge mechanism is a means by which, in certain circumstances, the liability to charge VAT on a particular transaction shifts from the supplier to the beneficiary. In most of the cases, this liability arises at the same time as the beneficiary’s right to claim input VAT credit for the same amount of VAT.
Most Popular Recent Articles
Buzescu Ca
A company is considered resident if its head office is registered in Romania or has its effective place of management in Romania.
Schoenherr Attorneys at Law
Companies can mitigate the risks by having the TP file available before the tax authorities request it.
Biris Goran SPARL
Romania is on the road to becoming an Eastern European tax haven for holdings as well as a generally attractive investment destination.
Popovici Nitu Stoica Asociatii
A mandatory VAT split payment system has been recently introduced through Ordinance no. 23/2017, entering into effect on January 1, 2018.
Volciuc-Ionescu SCA
A tax on windfall gains obtained by domestic gas producers as a result of deregulating the sale prices for domestic natural gas was introduced in 2013 by Government Ordinance No. 7/2013 (GO 7/2013), ...
TMF Group
Ordinance 79/2017 brought important updates to the Romanian Fiscal Code regarding corporate income tax, micro-enterprise income tax, personal income tax, statutory social contributions...
Schoenherr Attorneys at Law
Romania recently implemented the EU Directive in its tax legislation.
Maravela Asociatii
The applicable regulations contained no subjective evaluation criteria, as well as no transparent analysis procedures to be applied or followed by the fiscal authorities.
Nestor Nestor Diculescu Kingston Petersen SCA.
Decision no. 284/2017 amending and completing the methodological norms for the application of Law no. 227/2017 regarding the Fiscal Code, approved by Decision no. 1/2016 was published in the Official Gazette 319/2017
TMF Group
The most notable change in the fiscal environment in 2017 so far has been the VAT rate. It has decreased three times in the past 18 months, most recently in January when it reduced to 19%.
Stalfort Legal
The intensely debated ‘tax revolution' of November 2017, which, among other things, transferred liability to pay social contributions to the employee, had disadvantages for employment relationships...
TMF Group
Fiscal changes introduced in Romania this year include a reduced VAT rate, the elimination of R&D tax and the health contribution threshold.
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