Practical issues related to permanent establishments

In a globalized world, cross-border activities carried out…


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Undercapitalization – Tougher sanctions to be expected

In mid-October the Romanian senate approved a draft law…


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Romanian electronic system for linking the Commercial Register within the EU is now functional

The Romanian Commercial Register issued a press release on…


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Tax registration of foreigners – often a challenge

The tax laws of Romania generally set forth that any person…


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Transactions involving agricultural land in Romania – often problematic

Romania comprises 14.7 million hectares of agricultural…


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Operational measures to safeguard trade and commercial debts

Debt collection, whether from commercial entities or…


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Simplification of rules about consignment stocks to be expected

On 4th December 2018, EU Directive 2018/1910 on the fiscal…


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Most recent anti-money laundering and terrorism financing provisions in Romania and their impact on companies

Legislation on anti-money laundering measures first came…


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Further effects of the new regulations on money laundering and terrorism financing

We have recently outlined the legal obligations included in…


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More drastic sanctions for infringements of overtime regulations are expected

On 18th September, a draft amendment to the Romanian Labour…


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Thoughts on the first data protection sanctions in Romania

Just before the summer holiday, the Romanian Data…


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Tax burden on wages – synthesised comparison

Romania has a minimum wage set by law. Each year, it is set…


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