NEWSFLASH - New regulations for reviewing investments from the EU in Romania
Starting from December 6, 2023, (also) investors from the EU are explicitly required to register direct investments in Romania and are prohibited from executing them prior to obtaining approval, if the investment
Tax news due to the Emergency Ordinance no. 115/2023
In October 2023, the Romanian government took responsibility in parliament for a law that made significant changes to the tax code. Thus, Law no. 296 of October 26, 2023 was published in the Official Gazette no. 977 of October 27, 2023 on some fiscal and budgetary measures to ensure Romania's long-term financial sustainability. Apparently, these amendments were not sufficient, so that Emergency Ordinance ("EO") No. 115 of December 14, 2023, regarding certain fiscal and budgetary measures to consolidate taxes and combat tax evasion, was published in Official Gazette No. 1139 of December 15, 2023. The following lines summarize the important practical changes for companies that pay corporate income tax or micro-enterprise tax.
NEWSFLASH - Another massive fiscal measures package at the year‘s end
Shortly before the year’s end, Romania’s Government has adopted Emergency Ordinance 115/2023, with the scope to ensure Romania's long-term financial sustainability. The following key aspects should be mentioned: