TPA Romania Newsletters.
Newsletters
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2024
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Tax & Legal Newsletter March 2024
- Amendments to the Fiscal Code
- Amendments to the RO E-Invoice national system
- Draft Law – Amendment of Government Ordinance no. 99/2000 on the trading of products and services
- Formalisation of money laundering prevention rules for tax consultants and tax advisory companies
- Legislative changes regarding the employment of foreign nationals in Romania
- Legal Newsletter February 2024
- Legal Newsletter January 2024
- ESG Newsletter 01/2024
- Tax Flash January 2024
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Tax & Legal Newsletter March 2024
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2023
- Tax Newsletter December 2023
- Legal Newsletter November 2023
- Tax Flash November 2023
- Tax & Legal Newsletter October 2023
- Tax Newsletter October 2023
- Legal Newsletter September 2023
- Legal Newsletter August 2023
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Tax & Legal Newsletter June 2023
- Legal Newsletter May 2023
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Tax Flash May 2023: Introducing Tax-Checker.com
TPA Group has released its new website, Tax-Checker.com, which is destined to tax and finance professionals, investors, entrepreneurs, and business leaders who are looking to expand their presence in the CEE region or to manage the businesses established in these countries adequately. Should you find yourselves in these positions, you already know that it is crucial to have a solid understanding of the tax landscape in this dynamic region. Tax-Checker.com will offer valuable insights into the tax regulations, tax incentives, and compliance requirements across all 12 CEE countries. Now, you can effortlessly navigate the complexities of tax regulations in this region. Tax-Checker.com, as a CEE-wide comprehensive tax management solution, will help you to:
- Easily find relevant information on corporate tax, VAT, and other taxes
- Easily compare tax regimes in the different countries
- Make informed decisions on tax matters
- Keep up-to-date on country-specific tax insights.
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Tax & Legal Newsletter April 2023
- Tax Flash May 2023
- Tax & Legal Newsletter March 2023
- Tax & Legal Newsletter February 2023
- Tax Flash February 2023
- Tax & Legal Newsletter January 2023
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2022
- Legal Flash December 2022
- Tax & Legal Newsletter December 2022
- Tax & Legal Newsletter November 2022
- Payroll & Legal Flash October 2022
- Tax Newsletter October 2022
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Legal Newsletter September 2022
New Rules on Romanian Energy Market By Emergency Ordinance No 119/2022 amending Emergency Ordinance no. 27, the Government has introduced price capping for electricity and gas prices. How is the end consumer protected and what is the impact of the new law on economic entities with energy trading activities? (more information)
- Tax & Legal Newsletter August 2022
- Legal Newsletter July 2022
- Tax Flash July 2022
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Tax Alert July 2022
Amendments to the Fiscal Code proposed by the Romanian Government The Romanian Government prepared several amendments to the Fiscal Code, with an impact on all taxpayers. The amendments are soon to be approved by the authorities (more information).
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Tax Newsletter June 2022
Extensions to debt restructuring and reverse charge mechanism deadlines
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Tax Newsletter May 2021
New tax incentives and list of high-risk tax products
The Romanian authorities have introduced new tax facilities for individuals and published the list of high-risk tax products for the RO e-Transport system. (more information) - Tax Newsletter April 2022
- Tax & Legal Newsletter January 2022
- Tax Flash January 2022
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2021
- Tax Newsletter December 2021
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Tax Flash 12 November 2021
The Romanian authorities have published the order regarding the SAF-T reporting. The document tackles aspects such as the nature of the information to be reported by taxpayers, the submission procedure, as well as submission deadlines and the date on which the reporting obligation arises for different categories of taxpayers (more information).
- Tax Flash November 2021
- Tax & Legal Newsletter October 2021
- Tax & Legal Newsletter September 2021
- Tax & Legal Newsletter August 2021
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Legal Newsletter July 2021
New rules in relation with Trade Register Offices On 23 July 2021, Government Emergency Ordinance no. 195/2020 on measures concerning the Trade Register ("Law no. 206/2021") was approved, thereby introducing a number of changes and modifications to current rules. (more information)
- Legal Newsletter 07.06.2021
- Tax & Legal Newsletter April 2021
- Legal Flash 19.04.2021
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Newsletter 3/2021 “Investing in…”
12 Tax Systems at a Glance - What Investors Need to Know!
What tax changes will 2021 bring in selected countries in Central and Southeastern Europe? What should investors pay attention to in the future - and which decisions will benefit them? TPA's experts have summarized the most important changes in a total of twelve countries for you. In this newsletter we offer you an overview of the most important tax changes in the following countries:- Albania / Albanien
- Bulgaria / Bulgarien
- Croatia / Kroatien
- Montenegro / Montenegro
- Austria / Österreich
- Poland / Polen
- Romania / Rumänien
- Serbia / Serbien
- Slovakia / Slowakei
- Slovenia / Slowenien
- Czech Republic / Tschechien
- Hungary / Ungarn
12 countries - 12 tax systems:
You can place your free order here.
- Tax & Legal Newsletter Martie 2021
- Tax & Legal Newsletter March 2021
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Tax & Legal Newsletter February 2021
- The authorities recently introduced a series of tax amendments / clarifications
- Accounting law has been modified to include clarification of the obligation on foreign legal entities carrying out activity through one or more permanent establishments also to organise and manage their own accounting. Other changes include adjustments to the fines and lengths of delay applicable in the submission of financial statements.
- Zonal Urban Development Plans suspended for 12 months in five Bucharest sectors
- Rules published for the sale and purchase of agricultural land
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Legal Newsletter January 2021
Declaration of real beneficiaries and submission of the environmental statement in 2021
Companies, associations and foundations constituted exclusively of natural persons are no longer required to submit a declaration of beneficial ownership. (more information) The Environmental Fund Administration (AFM) recently announced that it will still be possible to submit declarations regarding financial obligations vis-à-vis the Environmental Fund in printed format up to and including March 2021. (more information) -
Tax Flash 06.01.2021
On 31 December, various legislative changes were introduced, mainly related to the extension of certain deadlines and prorogation of recent modifications. (more information)
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2020
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Tax Flash 23 December 2020
A number of important amendments to the Fiscal Code and the Fiscal Procedure Code have been published. (more information)
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Tax & Legal Newsletter November 2020
- Updates to the Fiscal Code (more information)
- Publication of the procedure for payment rescheduling (more information)
- On 23 November 2020, the Romanian Government clarified various aspects with regard to requests for the display of offers for sale of agricultural land located outside built-up areas submitted by 13 October 2020 and currently being processed. (more information)
- Legal Flash 06.11.2020
- Tax Newsletter October 2020
- Legal Newsletter September 2020
- Tax Flash 10 September 2020
- Legal Newsletter August 2020
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COVID – 19 Employment Flash No. 17/12.08.2020
Through Emergency Ordinance no. 132/2020, the Romanian Government has introduced various measures to support employees and employers in the context of the epidemiological situation caused by the spread of the SARS-CoV-2 coronavirus.
- Tax & Legal Newsletter July 2020
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Legal Flash 20.07.2020
Law no. 113/2020, which came into force on 11 July 2020, introduces changes to the insolvency legislation, the most important of which being changes to the essential conditions under which a company enters into insolvency procedures, i.e. the total debt threshold and debts to the state. A summary of the most important changes is given below. (more information)
- COVID-19: Tax Flash No.16/10.07.2020
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Tax & Legal Flash 03.07.2020
The reporting deadlines for cross-border arrangements have been extended. Also, a legislative proposal to amend Law no. 31/1990 (Companies Law) was promulgated and, on 1 July 2020, the Romanian Government published an economic recovery plan. (more information)
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COVID-19 Tax Flash No.15/01.07.2020
- Extension of date regarding late payment interest and penalties
- Bonuses for payment of corporate income tax and micro-enterprise tax
- Extension of deadline for VAT reimbursements with subsequent tax audits
- VAT exemptions
- Measures regarding the specific tax
- Extension of date regarding the application of late payment interest and penalties in the case of rescheduled tax obligations
- Approval of the procedure for connecting electronic fiscal cash registers to the computer system of the National Agency for Fiscal Administration
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COVID-19 Legal Flash No.14/17.06.2020
The gradual reopening of European borders began on 15 June 2020, and in support this the European Commission has launched the online platform Re-open EU to help ensure the safe resumption of travel and tourism across Europe amid of the Covid-19 pandemic. (more information)
- COVID-19 Legal & Tax Flash No.13/04.05.2020
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COVID-19 Legal Flash No.12/25.05.2020
- Law no. 62/2020 on the application of various facilities pertaining to the payment of rent during the period of the state of emergency adopted by the Romanian Parliament was published in the Official Gazette no. 425 on 21 May 2020. (more information)
- Changes to the procedure for issuing tax decisions relating to late payment interest and penalties beneath a certain threshold
- COVID -19 Tax & Legal Flash No.11/20.05.2020
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COVID-19 Legal Flash No.10/11.05.2020
The holding of a general meeting of associates or shareholders (GMS) is to take place under special conditions during the state of emergency, according to Emergency Ordinance no. 62/2020 on the adoption of measures with effects for companies. (more information)
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COVID-19 Legal Flash No.9/30.04.2020
Government Decision no. 326/2020, published in the Official Gazette no. 339 on 27 April 2020, modifies the methodological norms for the application of GEO no. 110/2017 on the Programme to Support Small and Medium Sized Enterprises – SME INVEST. (more information)
- COVID-19 Tax Flash No.8/22.04.2020
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COVID-19 Legal & Tax Flash No.7/13.04.2020
Law no. 19/2020 regarding the granting of days off work to parents to allow them to look after their children has been modified to include the granting of time off to one of the parents in the event that his/her child’s/children’s lessons are suspended, as well as during school holidays. In addition, pre-school educational centres now also fall under the category of educational establishments. (more information)
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COVID-19 Legal Flash No.6/08.04.2020
The State Aid Scheme published on 4 April 2020 sets forth that SMEs are entitled to benefit from state aid provided they meet the eligibility criteria cumulatively at the date of application (more information)
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COVID-19 virus relief measures in CEE/SEE
The governments of different countries have taken swift action to mitigate the effects of the Covid-19 pandemic on their national economies. Our experts from the CEE/SEE region present the COVID-19 virus relief measures taken in the following countries:
- Albania
- Austria
- Bulgaria
- Hungary
- Montenegro
- Croatia
- Romania
- Poland
- Serbia
- Slovakia
- Slovenia
- Czech Republic
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COVID-19 Legal & Tax Flash No.5/01.04.2020
Amendments to recently adopted normative acts as well as new measures to support the business environment during the state of emergency declared in the context of Covid-19 were published in the Official Gazette on 30 March 2020. A brief description is provided below: (more information)
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COVID-19 Legal Flash No.4/27.03.2020
In the context of the declaration of the state of emergency as a result of the Covid-19 pandemic, economic operators may only invoke the non-performance of contractual obligations due to force majeure if they are able to demonstrate that they have been objectively affected in terms of their ability to fulfil their obligations. (more information)
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COVID-19 Legal Flash No.3/27.03.2020
According to Order no. 791/2020 regarding the granting of state of emergency certificates, issued by the Ministry of Economy, Energy and the Business Environment, and published in the Official Gazette on 25 March 2020, economic operators whose activity is affected in the context of the SARS-CoV-2 pandemic are eligible to apply for a state of emergency certificate. (more information)
- COVID-19 Legal & Tax Flash No.2/21.03.2020
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COVID-19 Legal and Tax Flash No.1/19.03.2020
Emergency state and recent updates The Decree of the President of Romania regarding the declaration of a state of emergency in Romania was published in the Official Gazette, Part I, no. 212, of 16 March 2020. The state of emergency will involve some exceptional measures with effects for political life, the economy and public order that will apply either throughout the country or targeted in certain areas. (more information) From a tax perspective, a series of measures for supporting the business environment were announced, but their official implementation is still pending.
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COVID-19 Legal Flash – Legal obligations and solutions for companies
In light of the current COVID 19 pandemic, Romanian employers/companies have certain legal obligations when it comes to compliance with health and safety regulations. Companies should therefore be taking certain measures to minimise the risk of contamination among their employees. (more information)
COVID-19 Legal Flash – Legal obligations and solutions for companies
- Tax & Legal Newsletter February 2020
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Tax & Legal Newsletter January 2020
Recent legislative changes:
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Tax Flash 23 December 2020