NEWSFLASH - Romanian Government Adopts Urgent Package of Fiscal Measures
The Romanian Government has adopted an emergency fiscal legislative package to mitigate the widening budget deficit, with the primary objective of boosting tax revenues. The new law is not yet in effect, as it awaits promulgation by the President. Key changes are outlined below:
NEWSFLASH - Updating the Scope of Activity according to CAEN Rev. 3 for all Companies
The Romanian CAEN codes, which must be used to describe the activities carried out by companies in Romania, have been reformed. As of 25 March 2025, there is a 18-month deadline for adapting the CAEN codes declared to the commercial register to the current version (so-called CAEN Rev. 3). The following aspects are relevant in practice:
NEWSFLASH - New classification of activities – “CAEN Rev. 3” requires actions by companies
On December 30, 2024, the Ministry of Justice introduced updates to the classification of economic activities, effective from January 1, 2025, in alignment with changes at the EU level. Consequently, all Romanian companies are required to update or adjust their object of activity to comply with the new CAEN Rev. 3 codes.
NEWSFLASH - New fiscal measures for 2025
The Year 2025 comes with a series of fiscal changes impacting taxpayers in Romania. Below is an overview of the most relevant aspects:
NEWSFLASH - Minimum Wage Increase as of 1 January 2025
The Government Decision no.1506/2024 brings an increase of the minimum wage as of 1 January 2025. Key changes include:
NEWSFLASH - Increase of the minimum statutory wage as of 1 July 2024
The Government Decision no.598/2024 brings an increase of the minimum salary for Romania as of 1 July 2024. Key changes include:
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
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:
NEWSFLASH - Extensive new obligations for employers to combat harassment at the workplace
On 17.10.2023, Government Decision no. 970/2023 (in short: "GD") on the Methodology for Preventing and Combating Gender-based and Moral Harassment at the Workplace (in short: "Methodology") was published in the Official Gazette of Romania. All employers in Romania must implement it by 16.04.2024.
NEWSFLASH - Extensive new obligations for employers
NEWSFLASH Employers must introduce new measures against harassment at work On October 17th, 2023, the Methodology for Preventing and Combating Gender and Moral Harassment at the Workplace was published. All Romanian employers must implement it by 16. April 2024. The methodology contains a sample guide on preventing and combating harassment at work, as well as a series of obligations for the employer, which must be fulfilled in a short term. Key obligations for every employer: Creating its own guidelines for preventing and combating harassment at work, adapted to the specific situation of the employer; Introduction of an internal procedure for promotion, including for decision-making positions, which ensures equal opportunities and equal treatment; Annual training of employees on the provisions of the Methodology; Inclusion of the provisions of Emergency Ordinance No. 137/2000 on the prevention and sanctioning of all forms of discrimination and Law no. 202/2002 on equal opportunities and equal treatment of women and men in the internal regulations; and others. Sanctions Employer’s failure to prevent and combat harassment at work may trigger substantial fines ranging between 30,000 RON (EUR 6,000) and 200,000 RON (i.e. approx. EUR 40,000). Further details on this topic are available in our current publication under the following link: here. In case of questions, do not hesitate to contact us. Kind regards, THE STALFORT Legal. Tax. Audit. – Team