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
NEWSFLASH - Extensive New Fiscal Measures Package in Romania
On 27.10.2023, Romania has introduced a comprehensive set of tax measures in order to ensure its long-term financial sustainability. Key takeaways: Introduction of minimum or additional turnover tax for CIT payers with quarterly payment starting 2024: 1% minimum turnover tax (MTT) compared to Corporate Income Tax (CIT) for companies with a turnover over EUR 50Mil. 2% in addition to CIT for credit institutions and 5% in addition to CIT for energy companies to be established by the Ministry of Finance with a turnover over EUR 50Mil.
German-Romanian Business Conference in Berlin with STALFORT Legal. Tax. Audit. speaker at 28-29 September
German-Romanian Business Conference in Berlin with STALFORT Legal. Tax. Audit. speaker at 28-29 September STALFORT Legal. Tax. Audit. is pleased to announce our active participation in a premium German- Romanian Business Conference on 28 and 29.September in Berlin. Romania’s potential in the region is a well-known fact, which is currently boosted by the new geopolitical context. This business conference for the promotion of Romania as solid investment location aims to address the opportunities and cooperation areas that Romania has to offer, to strengthen economic and political partnerships and to increase German activities in Romania and the Republic of Moldova. During the first conference day, Romania will be looked at through the lens of its industrial capacity, including the innovation and digitization sector. Investors searching for new opportunities are attracted by the accelerated nearshoring trend, by the constantly improving infrastructure – transportation as well as digital -, backed up by the NATO and EU memberships. In this context, Christian Weident will lead a panel discussion on nearshoring and R&D in Romania. The second day will bring to the fore Romania’s competitiveness in terms of sustainable energy, energy production and food supply. Considering that both Romania and Moldova are major players in the agricultural sector, with high potential in the “Farm to Fork” segment, and that both hold an expanding portfolio of new energy projects, these areas allow for new cooperation and possibilities. This event offers a great platform for dialogue between the business environment and high-ranking Government representatives, while strengthening bilateral relations and creating new partnership opportunities. Around 300 guests from Germany, Romania and Moldova are expected, representing the business community as well as central and local public authorities. We would be delighted to meet you at the conference in Berlin. Please use this link to register. More details about the German-Romanian Business Conference are available here.
Newsflash - New Template For All Employment Contracts In Force
Newsflash - New Template For All Employment Contracts In Force On December 09th 2022, a new template of the employment contract was published in Romania. The legal basis for this new template of the employment contract is represented by Order 2171/ 2022, which, among other things, implements the current changes in Romanian labor law. Please find more details here.
NEWSFLASH - Salary increase and new tax incentives for the food and agricultural industry as of 1 June
NEWSFLASH - Salary increase and new tax incentives for the food and agricultural industry as of 1 June The Romanian Law 135/2022, which came into force on 20. May 2022, brings a salary increase and tax incentives for the agricultural and food sector as of 01. June 2022. Please find more details here.
NEWSFLASH - Wind of change in Romanian energy law
NEWSFLASH - Wind of change in Romanian energy law After several months of public debate and numerous amendments and revisions, Emergency Ordinance no. 143/2021 ("GEO 143") entered into force on the last day of the previous year. It brings significant positive changes to the Romanian energy legislation, including the end of a ten-year-old block on electricity transactions outside centralized markets Please find more details here.
NEWSFLASH - REMINDER: Statement Regarding the Ultimate Beneficial Owner (UBO) must be filed in September
NEWSFLASH - REMINDER: Statement Regarding the Ultimate Beneficial Owner (UBO) must be filed in September Based on the amendments of Romania's legislation against money laundering and terrorism financing (Law No. 129/2019) as of 30 April 2021, among others, the obligation for companies to file with the Commercial Register the annual statements regarding their beneficial owners (beneficiari reali, - “UBO”) was reinstated. We informed you in May that the term for the filing had been extended until 1 October 2021. Please click here. Many were hoping for a cancellation of the obligation to file a statement in case no changes related to the UBO occurred. Currently it seems however that all companies have to comply with the filing term for the annual UBO statement. Considering that such term will soon expire, all concerned parties should take action in order to submit the statement with the Commercial Register in September. Please also note that in the meantime the form of this statement was amended. We will be happy to answer any questions you may have in this respect. Sincerely, The STALFORT Legal. Tax. Audit. team
INVITATION - FOCUS ROMANIA: BUSINESS, INVESTMENTS AND EMPLOYMENT MARKET
INVITATION - FOCUS ROMANIA: BUSINESS, INVESTMENTS AND EMPLOYMENT MARKET We are hereby inviting you to participate in the German spoken Online-Webinar “Focus Romania: Business, Investments and Employment Market”. Date: Thursday, 23. September 2021 Time: 14:00 - 15:30 Uhr CET 15:00 – 16:30 Uhr Romanian time The Webinar will be held in German language. It is organized jointly by CT Executive Search, Elite Searchers and STALFORT.Legal.Tax.Audit with the support of AHK Romania. Topics and Speakers „Update DE-RO Business Relations – Developments and opportunities for German companies“ - Sebastian Metz, Managing Member of the Board of Directors within the German-Romanian Chamber of Industry and Commerce, Bucharest „Trends on the Romanian Employment Market“ - Sorina Faier, Managing Partner, Elite Searchers, Bucharest “Executive Search in Romania” - Christian Tegethoff, Managing Director, CT Executive Search „Current Legal Developments in Romania“ - Christian Weident, Attorney at Law, Managing Partner Legal, and Adina Zdru, Tax Advisor, Managing Partner Tax, STALFORT Legal. Tax. Audit. „Retail & the Pandemic“ - Catalin Pozdarie, CEO Romania, Hervis Sports Further information can be found in the event program here: Please note that the attendance requires a pre-registration. In order to register, please click here. The event will be hosted on Zoom. This is how you will be able to attend the event: Click here Type in the Meeting-ID: 820 3755 8814 Password: Romania After the presentations, participants may further discuss the Webinar topics in a Q&A session. We are looking forward to welcoming you to our Webinar!
NEWSFLASH Important changes in employment law –making use of them requires action
NEWSFLASH - Important changes in employment law –making use of them requires action In July 2021, the Romanian legislator introduced some changes, regarding (inter alia) the electronic signature, the mandatory content of employment contracts, the recording of working time and the abolition of some obligations. In order to benefit from these improvements, it is partly necessary to create or adapt documents. Please find more details here.