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.
Construction in Romania: reform cancelled, yet promising perspectives
The end of last year saw a reform regarding the authorization of constructions and urban planning. After a few months, this reform was however cancelled; yet there is still hope for a modern legislation.
Are contributions to the Romanian social fund for the construction industry mandatory?
The Social Fund (Romanian Law no. 215 / 1997 on the establishment and operation of the social fund for building contractors [casa socială a constructorilor]) came into force in 1997.