Group consolidation – corporate tax groups possible beginning with 2022
Similar with VAT groups, starting with 2022, it will be possible to establish corporate tax groups under Law 296/2020. This opens up interesting possibilities:
STALFORT Legal. Tax. Audit. participation at the event of the German consortium Power4remote - Electrification of the Apuseni villages on March 2, 2021
STALFORT Legal. Tax. Audit. participation at the event of the German consortium Power4remote - Electrification of the Apuseni villages on March 2, 2021 In 2019, AHK Romania initiated the formation of a consortium of German companies to find, together with Romanian companies and interested local authorities, efficient, reliable and environmentally friendly technical solutions to bring electricity to the remote villages from the Apuseni region and not only. From its earliest beginnings, STALFORT.Legal.Tax.Audit has accompanied and assisted the project funded by the Federal Ministry of Economy and Energy (BMWi) and AHK Romania with legal input. During an online event dedicated to the presentation of the German consortium on March 2, 2021, Laura Neacsu has introduced the attendants to the Romanian regulatory framework and possible structures of microgrids and off grid production as well as consumption places.
Facilitations (now also) for associations and foundations
At the end of 2020, the Romanian regulations regarding the incorporation and functioning of associations and foundations (“NGOs”) were simplified. Law No. 276/2020 (“the Law“) completed and amended Government Ordinance No. 26/ 2000 about associations and foundations (the Ordinance) and also introduced positive debureaucratization measures.
Employee protection in case of insolvency– short-term change
During 2020 and at the beginning of 2021, many have voiced their concerns about a hovering economic crisis. For some, the start of such a crisis was expected at the end of 2020, while others are now speaking reluctantly of an economic downturn to be happening only in the fall of 2021.
Renewable energy: projects on agricultural land outside built-up areas?
In October 2020, Law no. 17/ 2014 (“Law 17”) regarding the sale of agricultural land (terenuri agricole) located outside the built-up areas (extravilan) was significantly amended. A complicated preemption procedure (procedura de preemptiune) involving several stages required before the effective sale of these plots of land was regulated.
Debureaucratization of legal relations – Waiver of the stamp requirement
It has been widely known for a long time that private and public legal persons as well as authorities in Romania must use a stamp. While often found surprising by investors from states whose legal system places less emphasis on this formality, in this country this was an unavoidable practice for all companies.
Amendments to public contracts
On 19th of January 2021, the Instruction No. 1 of the Chairman of the National Agency for Public Procurement regarding amendments to public contracts ("Instruction") came into effect.
Reception of rooftop photovoltaic systems
For rooftop photovoltaic systems (hereinafter referred to as „PV-systems “) no building permit is needed in principle, as long as the PV-systems are mounted by so-called “prosumers”.
Data protection within the employment relationship
The beginning of the year brought a record fine (EUR 10.4 mil.) for a German company due to the unlawful video surveillance of its employees.
Environmental legal aspects related to Asset Deals
In case of transactions related to facilities or activities for which an environmental permit is applicable, the environmental legal aspects often play a significant role. We will discuss below the fundamental correlations.