On 8 July 2020, a draft law on remote medical services through means of electronic communication was submitted for debate to the Romanian Senate. Until now, the regulation of telemedicine had applied to the emergency and alert periods surrounding the… Read moreRomania: Bill to permanently regulate telemedicine submitted for legislative debate
On 24 July 2020, Law no. 153/2020 was enacted and published, which introduces tax incentives for the acquisition of electronic cash registers. The passage of this law was prompted by the fact that economic operators had been obliged to adopt… Read moreRomania introduces tax incentives for acquisition of electronic cash registers
On 9 July 2020, Law No. 112/2020 for the amendment of Romanian trade mark law No. 84/1998 was published in the Official Gazette, transposing into the national law the provisions of EU trade mark Directive No 2436/2015. Changes came into… Read moreRomania aligns its national trade mark law with EU legislation
On 8 July 2020, the Romanian parliament issued Law no. 114/2020 (Law 114/2020) for the approval of Government Emergency Ordinance no. 90/2020 (GEO 90/2020), regarding the tax debt-restructuring programme introduced by the Romanian government in 2019. Law 114/2020 entered into… Read moreRomania amends tax debt restructuring programme
In order to reduce the bureaucracy involved in the submission of the ultimate beneficial owner (UBO) statement with the Romanian Trade Registry pursuant to Law no 129/2019, transposing the 4th AML Directive (Directive (EU) 2015/849) of the European Parliament, the… Read moreRomania simplifies registration formalities for ultimate beneficial owners
On 2 July 2020, Romania published Law no. 102/2020 (“Law”), which removes certain barriers hindering the incorporation of Romanian companies. Aimed at improving the rating of Romania’s business in international directories, the Law eases incorporation requirements for Romanian limited liability… Read moreSimplified requirements for incorporation of Romanian companies
The Romanian government has amended Electricity and Gas Law 123/2012 through an emergency ordinance published in the Romanian Official Gazette on 1 July 2020. As a result of the ordinance, the main changes in the natural gas sector include a gas-release… Read moreRomania amends electricity-gas law
On 1 July 2020, Government Emergency Ordinance no. 107/2020 providing for postponement of deadlines in respect to DAC 6 entered into force in Romania and was published in the Official Gazette. The deadline to report cross-border arrangements for the period… Read moreRomania opts for postponement of DAC 6 deadlines
On 25 June, Romania put into place Government Emergency Ordinance no. 99/2020 (GEO 99/2020) approving additional tax measures and deadlines extensions to support the business environment during the recovery period after the lifting of the lockdown. Extension of existing deadlines… Read moreRomania continues the implementation of tax measures to support businesses
Since the early 1990s, Romania’s expanding business sector has made it one of Central Eastern Europe’s most dynamic economies, which has attracted a broad array of foreign investment. This rapid growth and the compliance requirements of foreign investors have compelled… Read moreRomanian businesses increasingly turn to internal investigations
