Public procurement - exclusion from award procedures
Public procurement contracts are awarded, based on award criteria, to bidders who meet two conditions.
Romanian Guidelines to the GDPR - just a first step?
In September 2017, the Romanian Data Protection Authority (RDPA) took its first small steps towards the application of the EU’s General Data Protection Regulations (GDPR).
ANAF´s almost unnoticed changes of rights and obligations
Recently, ANAF announced the introduction of new Split VAT rules.
Public Procurement - Practical Issues regarding technical specifications
Technical specifications are an essential element of any public procurement procedure used by contracting authorities in Romania, as they determine the goods, services or works to be procured.
2018: Introduction of Split-VAT in Romania
In January 2018, a system of separate Value Added Tax accounts (so called “Split VAT”) will come into force in Romania.
New obligations and sanctions for employers
On 7th August 2017, an important change in the Romanian Labor Code came into force.
Dos and Dont's when drawing up lease agreements for commercial property
Taking into account the current situation, the following article includes practice-oriented remarks concerning the conclusion of lease agreements for commercial areas.
Tax audit: how to react to levy of additional duties
Currently there is a rise in the number of tax audits performed by the Romanian national tax authority (ANAF) for corporate tax, VAT and in particular market oriented transfer prices.
Remarks for half-year reporting in Romania
Most companies which have to keep books in Romania have to file their 2017 half-year report (1 January 2017 – 30 June 2017) by 16th August.
EUID standardizes companies’ European identification codes
A new ordinance came into effect on 6. July 2017 to standardize the EUID, a pan-European identification number for companies.