DELOITTE Romania assisted Unilever, a leading food, personal care and cleaning agents provider, in the acquisition of the largest local ice cream producer, Betty Ice, run by the entrepreneur Vasile Armenean. Unilever entered the local ice cream market in 2009,… Read moreDeloitte Romania advised Unilever in the acquisition of Betty Ice
As Deloitte’s Romania practice has continued to grow, the firm has promoted eight new directors covering all service lines: tax, audit, risk advisory, management consulting and financial advisory. “I am delighted to announce the promotion of such a talented group… Read moreDeloitte Romania Promotes Eight New Directors As Practice Grows
The Law regarding the tax on specific activities (such as: activities performed in the area of hotels, restaurants or bars) also known as the “HoReCa” Law, after being sent back for re-examination and subject of several amendments, was adopted in… Read moreThe Chamber of Deputies had formally approved on September 20, 2016 the Law for tax on specific activities
Some terms used in the previous agreement have been clarified (e.g. enterprise, company). Two new criteria have been introduced in regards to the definition of residents – i.e. the place of registration / place of incorporation is considered a country… Read moreNew Double Tax Treaty between Romania and Bulgaria
The law contains amendments with respect to Law 227/2015 on the Fiscal Code for amending art. 477, line (7). As such, it has been clarified that the tax for advertising and publicity services will be declared and paid by the… Read moreAmendments to the New Fiscal Code
