The pandemic context and its economic implications prompted in 2020 and 2021 several legislative measures to alleviate fiscal burden both through tax facilities, such as amnesties or regulation of new cases and conditions for debt rescheduling, and through amendments concerning… Read moreNew tax alleviation measures under the pandemic
Starting this August, the fiscal unity system concerning the corporate income tax becomes functional in Romania, further to the enactment of the procedure for the implementation and management of such system through Order no. 1191 issued on August 6, 2021… Read moreThe Romanian Corporate Income Tax Grouping – Now Up And Running
1. Introduction The beginning of 2021 seems to be under the auspices of numerous amendments incurred to the Law no. 227/2015 regarding the fiscal code (the “Fiscal Code”). After the issuance of Law no. 296/2020 for the amendment and completion… Read moreAdditional amendments to the Romanian Fiscal Code
1. Introduction Law no. 296 of December 21, 2020 for the amendment and completion of Law no. 227/2015 regarding the Fiscal Code (the “Law no. 296/2020”) brought a series of beneficial changes to the business environment, applicable starting with January… Read moreOverview on the new amendments to the Romanian Fiscal Code
1. Introduction The evolution of the national and international epidemiological situation determined by the COVID-19 outbreak, along with the establishment of the state of emergency within the territory of Romania on March 16, 2020 and the subsequent extension for another… Read moreOverview of the tax measures imposed by Government Emergency Ordinance no. 48/2020
1. Introduction The Government Ordinance no. 19/2019 amending and supplementing the Law no. 207/2015 on the Fiscal Procedure Code (the “Government Ordinance 19/2019”) brings a new mechanism for resolving tax disputes for the avoidance of double taxation. This new mechanism… Read moreSolving tax disputes for the avoidance of double taxation
