STALFORT

NEWSFLASH - Government enacted measure to stimulate economic growth and investment

New set of fiscal and regulatory measures with favorable immediate effect on business costs and taxation have been published in two Government Emergency Ordinances after statistical signs of recession were earlier released in February. The measures briefly described below offer pinpoint measures for both corporate and private individual income.

by icristescu

NEWSFLASH - Important tax and corporate changes following new legal package in Romania

The newly promulgated Law no. 239/2025 brings new fiscal-budgetary measures which strengthen budget revenues and combat tax evasion, but also key changes in corporate and insolvency law. Key changes and effective dates below:

by icristescu

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:

by icristescu

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:

by icristescu

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.

by icristescu