International law firm CMS is pleased to announce that it has successfully represented in court a subsidiary of an international oil & gas company in Romania in a 6-year-long VAT dispute with the Romanian tax authorities. The case sets out… Read moreCMS advises an international oil & gas company in Romania on successful multimillion-euro tax litigation case
On 26 February 2021, Romania published Emergency Ordinance no. 13/2021 for the amendment and completion of the Tax Code and of the Accounting Law (GEO 13/2021) in the Official Gazette. The main amendments brought about by GEO 13/2021 are presented… Read moreRomanian government amends Tax Code and Accounting Law
Debt restructuring measures and the possibility to cancel accessory tax liabilities are still available to Romanian taxpayers, but in order to be eligible taxpayers must notify tax authority by 31 March 2021 and comply with all obligations. The debt restructuring… Read moreTax debt restructuring and cancellation of accessory tax liabilities still available
On 26 October 2020, Romania put into place Government Emergency Ordinance no. 181/2020 (“GEO 181/2020”) approving additional tax measures and deadlines extensions to support business during the recovery period. Specifically, the new measures include the following: Extension of the deadline… Read moreRomanian government introduces new measures in response to COVID-19
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
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
State budget reimbursements for employers Under the new Government Emergency Ordinance 92/2020 (“GEO 92/2020”), employers benefiting from the technical unemployment aid and employers whose employee’s labour agreements have been suspended (but did not benefit from technical unemployment aid during the… Read moreRomanian Government introduces new measures to support business
On May 14, Romania put into place Government Emergency Ordinance no. 69/2020 (GEO 69/2020) and Government Emergency Ordinance no. 70/2020 (GEO 70/2020) implementing additional fiscal measures and deadline extensions to support the nation’s business environment. In addition, the following day… Read moreRomania introduces new tax measures in response to COVID-19
On 9 April 2020, the Romanian government approved Government Emergency Ordinance no. 48/2020 (GEO 48/2020), which implements a series of tax measures pertaining to the current crisis. This ordinance entered into force on 16 April 2020 after appearing in the… Read moreRomanian government approves additional tax measures in response to COVID-19
