NEWSFLASH - Fines Applied During the State of Emergency are Unconstitutional
NEWSFLASH - Fines Applied During the State of Emergency are Unconstitutional Due to the latest developments, please find hereinafter a special edition of our newsflash, informing you about the recent decision of the Constitutional Court of Romania. This decision turns all fines imposed for non- compliance with the Lockdown measures during the state of emergency illegal and thus contestable. Please find more details hier.
NEWSFLASH - COVID 19: The second package of crisis measures
NEWSFLASH - COVID 19: The second package of crisis measures On 16.04.2020, the Romanian government published the Emergency Ordinance (“EO“) no. 48/ 2020. This EO includes tax related measures of the state for supporting against the economic effects of COVID-19. Please find more details here.
NEWSFLASH - Extension of deadline for submission of statements regarding the beneficial owner
NEWSFLASH - Extension of deadline for submission of statements regarding the beneficial owner Due to the latest developments, please find hereinafter a special edition of our newsletter, informing you about recent legal changes with impact on the statements regarding the beneficial owner (UBO). As already announced, companies, foundations and associations have to disclose their UBO due to Romania's new anti-money laundering legislation (Money Laundering Act No. 129/2019). The notification form for this purpose was published in October 2019. The Romanian Commercial Register recently published a practice-related circular which raises questions regarding the deadline for the first filing in 2020. Please find more details here.
NEWSFLASH COVID-19: Indemnity for „technical unemployment” to be borne by the State budget - UPDATE
NEWSFLASH - COVID-19: Indemnity for „technical unemployment” to be borne by the State budget - UPDATE In the context of the present pandemic caused by the COVID-19 virus, STALFORT Legal. Tax. Audit. informs about current issues on a regular basis. Please find more details here.
NEWSFLASH - State of Emergency Certificates
NEWSFLASH - State of Emergency Certificates In the context of the present pandemic caused by the COVID-19 virus, STALFORT Legal. Tax. Audit. informs about current issues on a regular basis. Our recent articles on COVID-19 (and more) can be found here.
Crisis measures in the tax field
On the 16th of March, the Romanian Tax Administration ANAF announced a series of measures for supporting tax payers in the difficult economic context caused by the COVID-19 virus. The legal act on the implementation of these measures was eagerly awaited; on 21st of March 2020 it was published as the Emergency Ordinance (“EO”) No. 29/2020. The EO introduces economic, tax and budget-related measures; the previously announced measures were partly changed.
NEWSFLASH - COVID-19: Indemnity for „technical unemployment” to be borne by the State budget
In the context of the present pandemic caused by the COVID-19 virus, STALFORT Legal. Tax. Audit. informs about current issues on a regular basis. Our recent articles on COVID-19 (and more) can be found here:
Force Majeure and hardship in times of pandemics
The social and economic effects of the COVID-19 pandemics are extending globally and have heavily affected the performance of both national and international contracts. Numerous companies have completely or partly suspended their activities, so that the possibility of fulfilling the contractual obligations is now rather uncertain. Please find hereinafter a summary of the rights of the parties in case of Force Majeure events, respectively in case of hardship according to the Romanian law.
NEWSFLASH Special paid leave for child care during temporary school closure
Dear Ladies and Gentlemen, In the context of the present pandemic caused by the COVID-19 virus, there are several aspects which should be borne in mind by employers in Romania. Please find the latest article on this topic by STALFORT Legal. Tax. Audit. here . Due to the recent closing of schools, the Romanian Parliament has adopted a law (draft law no. 337/ 2019) which ensures paid leave to parents whose children are temporarily forced to stop attending their classes. This measure is attributed to “bad weather conditions or other extreme circumstances”, as decreed by the competent authorities and will thus apply also in other situations than those created by the Coronavirus.
COVID-19. What should an employer take into account?
Given the current situation, please find hereinafter a summary of the most important aspects related to labour law in the context of the new Coronavirus (COVID-19). What official protection measures are there?