Download PDF 10 July 2024 Amendments on RO e-Invoice, RO e-Transport, RO e-VAT Starting from 1 July 2024, significant amendments on RO e-Invoice, RO e-Transport, RO e-VAT are applicable. These changes are introduced via the following legislation: Emergency ordinance no. 69/21 June 2024 for the modification and completion of some normative acts in the field…
Download PDF 20 June 2024 Transforming Workplaces: Introducing Paid Leave for IVF Procedures Empowering Women, Enhancing Business: A New Era of Employee Support Law no. 53/2003, also known as the Labor Code, introduces a groundbreaking benefit for salaried women undergoing in vitro fertilization (IVF). This law grants an additional three days of paid leave annually,…
Download PDF 17 June 2024 Minimum Wage Increase and New Tax Relief Measures Effective June 2024 Effective June 6, 2024, the government has enacted Decision 598/2024, raising the nationwide gross minimum basic salary. This excludes any allowances, bonuses, and other additions. On June 7, 2024, this was further supported by Government Emergency Ordinance 59/2024, which…
Securing an Investment Visa for Romania Article by Nicoleta Boaru, Manager, Corporate Management Services 07 March 2024 In today’s globalized landscape, foreign investment stands as a pivotal driver of economic growth and entrepreneurial expansion. For individuals seeking to venture into the Romanian market, securing an investment visa presents a pathway towards realizing business aspirations and…
Download PDF 09 February 2024 Recently, the Chamber of Financial Auditors of Romania (CAFR) officially endorsed a new set of regulations tailored specifically for the financial auditors and audit firms. CAFR Decision 123/2023 was published in the Official Journal and is in force from 7 February 2024, replacing CAFR Decision 68/2015. These regulations, while building…
Download PDF 01 February 2024 The accounting regulations have been modified to replace the non-financial statement with sustainability reporting, according to a recently formalized order by the Ministry of Finance (MF). However, the new reporting applies to more companies than the non-financial statement. The MF Order 85/2024 was recently published in the Official Gazette, aiming…
Download PDF 01 February 2024 Companies seeking to hire foreign workers can now obtain, the employment or secondment permit directly online, in electronic format from the territorial units of the General Inspectorate for Immigration (IGI). The Ordinance no. 6/2024 was released last Thursday in the Official Gazette, establishing the possibility for employment or secondment permits…
Download PDF 12 June 2023 Changes were made according to which the mandatory accounting registers and the supporting documents that are the basis of the accounting records are kept in the company’s archive for 5 years, starting from July 1st of the year following the end of the financial year, including for payroll statements. It…
Download PDF 03 April 2023 Order no. 4291/2022 for the regulation of some accounting aspects comes with a series of changes and accounting regulations regarding individual annual financial statements and consolidated annual financial statements, approved by Order of the Minister of Public Finance no. 1.802/2014 Clarifications are made regarding assets with a long manufacturing cycle,…
Download PDF 21 March 2023 On 6 March 2023, Romania officially notified the OECD regarding the completion of all necessary internal procedures for the application of the MLI – Multilateral Convention to Implement Tax Treaty related measures to prevent base erosion and profit shifting. By fulfilling these procedures, Romania has committed to implementing measures to…