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 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
Romania’s Parliament has enacted (not without much debate) Law no. 170/2016 on activity specific taxes, cracking down on Horeca tax evasion by imposing a new flat tax on bar, restaurant, catering and hotel activities. Starting January 1, 2017, such businesses… Read moreFlat Taxes for Romania’s Hotel, Bar and Restaurant Trade
