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.
Country based reporting for multinational corporation groups
On 9th of June the emergency ordinance (“DVO“) 42/2017 was decreed to change and supplement the Romanian tax procedure code (“StVO“).
Important changes in building inspection regulations
On 30th May 2017, the government published a replacement* of a rule on building inspection and the related installations, concerning the acceptance of the services rendered;
Legal risks for contractors in disputes originating from FIDIC Red Book contracts
The 1999 FIDIC ‘Red Book’ form of contract has been, for many years, a widely used standard in international construction works which are based on design provided by the project’s employer.
VAT Reimbursement: new database for tax risk classification
In Romania, a recent order has changed the VAT reimbursement procedure.
New rules for the posting of workers to/ from Romania
On 20.05.2017, a new Romanian law regarding the international posting of workers has been published.