Undercapitalization – Tougher sanctions to be expected
In mid-October the Romanian senate approved a draft law…
November 22, 2019
Romanian electronic system for linking the Commercial Register within the EU is now functional
The Romanian Commercial Register issued a press release on…
November 15, 2019
Tax registration of foreigners – often a challenge
The tax laws of Romania generally set forth that any person…
November 8, 2019
Transactions involving agricultural land in Romania – often problematic
Romania comprises 14.7 million hectares of agricultural…
November 7, 2019
Operational measures to safeguard trade and commercial debts
Debt collection, whether from commercial entities or…
October 31, 2019
Simplification of rules about consignment stocks to be expected
On 4th December 2018, EU Directive 2018/1910 on the fiscal…
October 30, 2019
Most recent anti-money laundering and terrorism financing provisions in Romania and their impact on companies
Legislation on anti-money laundering measures first came…
October 29, 2019
Further effects of the new regulations on money laundering and terrorism financing
We have recently outlined the legal obligations included in…
October 29, 2019
More drastic sanctions for infringements of overtime regulations are expected
On 18th September, a draft amendment to the Romanian Labour…
October 18, 2019
Thoughts on the first data protection sanctions in Romania
Just before the summer holiday, the Romanian Data…
September 18, 2019
Tax burden on wages – synthesised comparison
Romania has a minimum wage set by law. Each year, it is set…
September 13, 2019
Recent changes regarding salaries and taxation in the construction sector
As already reported, Emergency Ordinance no. 114/2018 (“EO…
September 3, 2019