Tax & Legal Alerts

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Amendments concerning the community / common transit regime and the transit regime using TIR carnets
[Published: 21.07.2014]
Order 1420/2014 of the President of the National Agency for Fiscal Administration has been published, approving the technical Norms of application of the transit regime using TIR carnets. Order 1421/2014 of the President of the National Agency for Fiscal Administration has also been published, approving the technical Norms of application of the community/common transit regime.
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Legislative changes to VAT exemption for vessels
[Published: 17.07.2014]
Order no. 917/2014 of the Minister of Public Finance which includes changes to the VAT exemption applicable to vessels has been recently published.
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Amendments to the Fiscal Procedure Code and to the rescheduled payments of tax obligations procedure
[Published: 06.07.2014]
The Government Emergency Ordinance amending and supplementing certain normative acts, and regulating certain tax-related measures, was published in the Official Gazette on 23 June 2014.The normative acts amended by this ordinance include Government Ordinance no. 92/2003 concerning the Fiscal Procedure Code (“Fiscal Procedure Code”) and Government Emergency Ordinance no. 29/2011 (“Ordinance”) regarding rescheduled payments.
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Regulations on granting special deduction for restructured loans
[Published: 02.07.2014]
Government Emergency Ordinance no. 46/2014, regulating and amending the procedure and conditions for granting the special deduction for restructured loans for individuals, was published on 27 June 2014.
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Amendments regarding the tax exemption for reinvested profits, tax on constructions and other updates
[Published: 28.05.2014]
The Methodological Norms for applying Law no. 571/2003 regarding the Fiscal Code has been amended and supplemented by the publication of Government Decision no. 421 dated 20 May 2014, in relation to profit tax, tax on constructions, value added tax and excise duties.
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Reduction or elimination of customs duties on goods originating from Ukraine
[Published: 29.04.2014]
Regulation (EU) no. 374/2014 has been published, reducing or eliminating customs duties on goods originating from Ukraine.
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Tax exemption for reinvested profits
[Published: 28.04.2014]
Law no. 571/2003 regarding the Fiscal Code has been amended and supplemented by the publication of Government Emergency Ordinance no. 19 dated 23 April 2014, in connection to the profit tax exemption for reinvested profits.
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Amendments to the settlement procedure for returns with negative amounts of VAT requested for reimbursement
[Published: 13.04.2014]
The Procedure concerning the settlement of returns with negative amounts of VAT requested for reimbursement has been amended and supplemented by Order no. 491/2014 of the Ministry of Finance, published on 7 April 2014.
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Competition Law Republished
[Published: 09.04.2014]
Competition Law no. 21 dated 10 April 1996 (the “Competition Law”) was recently republished.
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New level of the specific excise duty for cigarettes
[Published: 27.03.2014]
Government Decision no. 196/2014 approving the specific excise duty for cigarettes will enter into force as of 1 April 2014.
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New amendments regarding the Fiscal Code
[Published: 11.03.2014]
Government Emergency Ordinance No. 8/2014 dated 26 February 2014 for the amendment and supplement of various legislative acts and other fiscal-budgetary measures was published on 28 February 2014.
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New amendments to the Tax Procedure Code
[Published: 06.03.2014]
Government Emergency Ordinance No. 8, regulating tax matters and amending certain legal acts (“the Ordinance”), was published on 28 February 2014.
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New regulations on the sale of agricultural land outside buildable areas
[Published: 06.03.2014]
The new legal provisions mainly regulate the preliminary procedure for the sale of agricultural land located outside buildable areas and the pre-emption right applicable for such purchases.
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New methodology for calculating Environmental Fund contributions and taxes
[Published: 24.02.2014]
This new regulation establishes the method by which contributions and taxes have to be calculated, declared and paid to the Environmental Fund.
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Decision amending and supplementing the Norms for the application of the Fiscal Code
[Published: 18.02.2014]
Decision amending and supplementing the Norms for the application of the Fiscal Code on corporate income tax, micro-enterprise income tax, withholding tax on revenues derived from Romania by non-residents, value added tax and excise duties.
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Amendments to the Banking Ordinance
[Published: 13.01.2014]
GEO no. 113/2013 on budgetary measures, amending and supplementing GEO no. 99/2006 on credit institutions and capital adequacy, was published in the Official Gazette no. 830 dated 23 December 2013
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New law amendments regarding VAT warehouses
[Published: 13.01.2014]
Companies which commercialise certain types of goods, such as grain, raw sugar, aluminum, grains and oilseeds and mineral oils, can obtain a VAT warehouse authorisation.
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New amendments regarding Environmental Fund contributions
[Published: 09.01.2014]
A new Law regarding Environmental Fund contributions has been introduced.
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Amendments brought to the Fiscal code and other legislative acts
[Published: 19.12.2013]
Government Emergency Ordinance no. 111/2013 regulating fiscal measures and amending legislative acts
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Notification of the new EFA inspection measures for the payment obligations to the Environmental Fund
[Published: 15.12.2013]
The Environmental Fund Administration (EFA)
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National Strategy on Waste Management 2014 - 2020
[Published: 05.12.2013]
The Romanian Government has adopted Decision no. 870
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Releasing guarantees provided by authorised warehousekeepers
[Published: 03.12.2013]
The Ministry of Finance published Order no. 1920/2013 on 3 December 2013
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Minimum wage levels for 2014
[Published: 26.11.2013]
Government Decision no.871 / 2013 on the guaranteed gross minimum wage
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Deferment of VAT payment due for imported goods
[Published: 25.11.2013]
The norms have been published regarding the procedure for issuing a certificate for deferment of import VAT
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New amendments to the Fiscal Code
[Published: 21.11.2013]
Government Emergency Ordinance no. 102/2013 amending the Fiscal Code and regulating financial and fiscal measures
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Excise level for fermented beverages
[Published: 20.11.2013]
On the 19th of November 2013, it was published Law no. 303 / 2013
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New declaration measures for non-EU borders
[Published: 17.11.2013]
National Agency for Fiscal Administration Order no. 3,447 /2013 on defining the occasional nature of goods brought into Romania
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Amendments to the supervision of financial institutions
[Published: 12.11.2013]
Law no.272/2013 was published in the Official Gazette
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Industrial Emissions
[Published: 04.11.2013]
The Romanian Parliament has adopted Law no. 278 with respect to industrial emissions
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Amendments regarding the annulment by default of the VAT registration
[Published: 30.10.2013]
Amendments regarding the annulment by default of the VAT registration
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Tax on exploitation of mineral resources, other than natural gas
[Published: 09.10.2013]
Law no. 262 / 2013 amending Government Ordinance no. 6 / 2013
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Amendments to the land tax
[Published: 08.10.2013]
Law 262/ 2013 amending the Fiscal Code was published on 7 October 2013 and enters into force on 1 January 2014.
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Personal tax status inspections of individuals
[Published: 24.09.2013]
Ministry of Public Finance Order no. 1504 establishing the model for the statement of assets and…
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Amendments to Form 394
[Published: 17.09.2013]
Ministry of Public Finance Order no. 2986 (“Order”) amending the National Agency for…
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New criteria for the classification of computer software creation activities
[Published: 12.09.2013]
Ministry of Labour, Family, Social Protection and Elderly, Minister for Information Society and Minister…
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Amendments to the Fiscal Code and Fiscal Procedural Code
[Published: 06.09.2013]
Amendments to the Fiscal Code and Fiscal Procedural Code
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Amendments to Environmental fund contributions
[Published: 03.09.2013]
Amendments to Environmental fund contributions
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Clarifications regarding the application of the reduced 9% VAT rate
[Published: 30.08.2013]
Clarifications regarding the application of the reduced 9% VAT rate
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Amendments to the Fiscal Code Norms
[Published: 28.08.2013]
Government Decision no. 613 / 2013 amending the Fiscal Code Methodology Norms was published on 22 August…
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Fiscal Code amendments
[Published: 06.08.2013]
Government Ordinance no. 16/2013 amending the Fiscal Code was published on 2 August 2013.
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Updated tax rates for mining activities
[Published: 23.07.2013]
Government Decision no. 463 / 2013 was published on 16 July 2013 (“the Decision”), updating.
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Changes to the instructions for filling in and submitting Form 101 for PEs
[Published: 19.07.2013]
ANAF President Order no. 878/2013 has been published (“the Order”), amending Order 1950/2012
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Amendments to stamp duties regime
[Published: 17.07.2013]
Government Emergency Ordinance no. 80/2013 regarding stamp duties was published on 29 June 2013
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New provisions on the de minimis schemes available for investments made by SMEs
[Published: 17.07.2013]
Government Decision no. 453/10.07.2013 (“GD 453/2013”) on amending and supplementing the...
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New provisions on industrial parks
[Published: 16.07.2013]
Law no. 186/2013 on establishing and functioning of industrial parks (“Law 186”) has been…
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Practical Guide for the application of IFRS rules
[Published: 03.07.2013]
Finance Ministry Order no. 814 / 2013 dated 28 June 2013 approved the Guide on the fiscal treatment…
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Latest amendments to public procurements legislation
[Published: 02.07.2013]
Law no. 193/2013 approving Government Emergency Ordinance no. 77/2012 regarding the amendment and completion…
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Amendments to Ordinance no. 92/2003 regarding the Fiscal Procedural Code and to Emergency Ordinance no. 29/2011 regarding the deferral of payment
[Published: 17.06.2013]
Government Emergency Ordinance no. 50/2013 regarding several fiscal measures (the “Ordinance”)…
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Amendments to the Fiscal Code and Fiscal Procedural Code
[Published: 31.05.2013]
Law no. 168 / 2013 approving Government Ordinance no. 8 / 2013 amending the Fiscal Code was published…
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New provisions regarding conflicts of interest in public procurement
[Published: 24.04.2013]
Government Decision no. 183/2013 on the amendment of Government Decision no. 925/2006 (“GD 183/2013”)
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Law no. 72/2013
[Published: 09.04.2013]
The law on combating late payments under contracts between economic operators and between them and contracting…
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Law on combating late payments in commercial transactions
[Published: 05.04.2013]
The law on combating late payments under contracts between economic operators and between them and contracting…
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Increased penalties for tax evasion
[Published: 28.03.2013]
Law no. 50/2013 amending Law no. 241/2013 on preventing and fighting tax evasion (hereinafter “the…
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Amendments to the Fiscal Code Norms
[Published: 26.03.2013]
Law no. 50/2013 amending Law no. 241/2013 on preventing and fighting tax evasion (hereinafter “the…
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Amendments to the tax liabilities rescheduling procedure
[Published: 21.03.2013]
Government Emergency Ordinance no. 12/2013 (hereinafter the “Ordinance”) regarding certain…
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Transport monitoring of European Union (“EU”) member states goods
[Published: 20.03.2013]
With the goal of monitoring goods considered to have a high tax risk, the Romanian Tax Authorities (“RTA”)…
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State Budget Law and Social Security Contributions Law for 2013
[Published: 28.02.2013]
The 2013 State Budget Law (Law 5/2013) and the State Social Security Budget Law (Law 6/2013) have been…
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Supreme Court decision on banking credit agreements
[Published: 26.02.2013]
On 21 February 2013, the online publication Juridice.ro published an excerpt from the Supreme Court…
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Procedure for registration of agreements for filing and payment of social security contributions
[Published: 04.02.2013]
ANAF Order no. 17 / 2013 (“the Order”) was published on 16 January 2013, approving the procedure…
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Tax on additional income derived further to the deregulation of the natural gas price
[Published: 01.02.2013]
Government Ordinance no. 7 / 2013, imposing a tax on additional income derived further to the deregulation…
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Tax on exploitation of mineral resources, other than natural gas
[Published: 01.02.2013]
Government Ordinance no. 6 / 2013, imposing special taxation measures for companies deriving income…
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Option of annual profit tax reporting and payment system (return 012)
[Published: 08.01.2013]
ANAF president Order no. 1 1994/2012 (“the Order”) published on 7 January 2013
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