The A1 form is a portable document that is released applying the law: Regulations no. 883/2204 regarding the coordination of social security systems and Regulations no. 987/2009 of the European Parliament and of the Council from 16th September 2009, regulations applied to the relation between any state member of the European Union and the European Economic Space. […]
OECD published the exchanges that will underpin the automatic reporting of MDR arrangement which avoids the standard CRS and structures of opaque offshore companies On 15 July 2014, the OECD published the Standard for Automatic Exchange of Financial Information in the Tax Field, known as the “Common Reporting Standard” or “CRS”, and which in fact […]
Year 2018 was a mediocre year for NAFA, given that it has achieved a real counter-performance in terms of additional amounts set in tax inspections. Thus, according to the annual performance reports available on the NAFA website, in 2018 additional payment amounts were set in tax inspections in the amount of only 5.9 billion Ron, […]
The investment fund Abris Capital, one of the most active financial investors locally, bought Dentotal distributor of dental products in exchange for 15 million euros, according to ZF sources The seller is the family of local entrepreneurs Dogariu who fueled business in 1991 and also owns the Mercure four-star hotel in downtown Bucharest, near the […]
On 15 May 2019, the European Court of Justice published a ruling in the case of Vega International. This case is likely to, once again, create considerable uncertainty regarding the VAT treatment of fuel supplies carried out using fuel cards. The ECJ has reclassified the supplies and now regards this form of transaction as a […]
Starting with 16.02.2019, article 27 para (2) from the EU Regulation no. 2016/1191 on promoting the free movement of citizens by simplifying the requirements for presenting certain public documents in the European Union, will be applicable. Purpose – removing bureaucratic formalities regarding some public documents, such as: apostile process, authorized translations, certified copies. Area of […]
Starting with February 1st, 2019, taxable persons opting for the registration for VAT purposes have the obligation to submit the Affidavit for the registration for VAT purposes. The Affidavitshould be filled in with the assistance program available on NAFA website and is submitted with the PDF file, signed with a qualified digital certificate, by remote […]
EU Member States had to transpose Directive 2016/1065, which introduced new rules in relation to the issuance, transfer and redemption of vouchers. The new provisions mainly distinguish two types of vouchers: the single-purpose vouchers (SPV) and the multi-purpose vouchers (MPV). As regards the SPV, VAT becomes due upon the issuance and the subsequent sales of […]
The 10,000 € threshold for e-services entered into force on 01/01/2019. In principle, the place of supply of telecommunications, broadcasting and electronically supplied services to non-taxable persons is in the Member State of the customer. However, as from 01/01/2019, the place of supply may be in the Member State of the supplier where notably these […]
The tax authorities may not refuse a taxpayer the right to deduct input VAT on the sole ground that the purchase invoices contain an error relating to the identification of the goods which are covered by the transactions. Penalizing the taxpayer’s failure to comply with formal conditions by refusing the right of deduction goes beyond […]
The Government Decision no. 34/2019 sets out a total number of 20.000 work permits that might be issued in 2019 to foreign citizens belonging to other states than the European Union Member States or the European Economic Area or the Swiss Confederation, or to foreign citizens whose free access to the labor market is established […]
– Foreclosure and Mediation procedure – On January 17, 2019, Law no. 30/2019 regarding the approval of the Emergency Government Ordinance no. 25/2018 on the modification of certain regulations, such as those concerning the approval of fiscal-budgetary measures, was published. Therefore, the Fiscal Procedure Code was directly endorsed and several amendments were brought. Thus, in […]
Starting with 01.01.2019, the minimum gross wage per economy guaranteed will be increased from Ron 1900 to Ron 2080, for employed personnel with 8 hours/day, 40 hours/week. According to the legal provisions regarding the regime of foreigners in Romania, the following categories of Non-EU citizens must align their salaries at the level of the minimum […]
The clawback tax mechanism will be changed in two steps, with the Medicines Health House’s budget first being indexed to the inflation rate and, in the second stage, revising the formula for calculating the contribution, announced , Augustus Costache, spokesman for the National Health Insurance House (CNAS). Bringing the budget up to date by updating […]
Law no. 247/2018 amends and supplements GEO no. 194/2002 on the regime of foreigners in Romania as well as Government Ordinance no. 25/2014 regarding the employment and secondment of foreigners on the Romanian territory, according to the below: Main legislative changes of Ordinance no. 194/2002 Employers will have the obligation to notify the Immigration Office […]
By the planned acquisition of shares in the target company, potential acquirer’s intention was to provide the target company with management services and, on that basis, to carry out an economic activity. Such an activity gives rise to VAT deduction on expenditure relating to consultancy services and other services in connection with the planned acquisition […]
In the Official Journal of the European Union from 01.07.2018 has been published the European Directive no. 2018/957 amending the EU Directive no. 96/71/EC concerning the posting of workers in the framework of the provision of services. This Directive entered into force on 29.07.2018, following to be implemented by the Member States by latest 30.07.2020. […]
The period of application of the reverse charge mechanism in relation to operations involving goods and services at risk of fraud was extended until 30 June 2022. The Council of the European Union adopted this measure to combat fraud in the field. Among the products subject to reverse charge in Romania are cereals, mobile phones […]
Romania’s Chamber of Deputies (lower house of Parliament) on July 9 approved the amended draft of a law on the taxation of offshore oil and gas production. The legislation was initially amended and approved by the Senate on February 12. It still requires the president’s signature before its measures will enter into force. Under the […]
Summary The Court of Justice of the European Union has published the reference for a Romanian case (C-291/18) on whether article 148(c) of EU VAT Directive (2006/112/EC) should be interpreted to mean that the sale of offshore jackup drilling rigs may be eligible for a VAT exemption. Request for a preliminary ruling from the Court […]