News

Measures to prevent the spread of COVID-19

Ordering no. 2/2020 MILITARY regarding measures to prevent the spread of COVID-19 (Official Gazette no. 232 / 21.03.2020) The following measures shall enter into force starting March 22, 2020, at 22.00: – The activity in the dental medicine offices is temporarily suspended. By exception, emergency dental interventions are allowed. – Temporarily suspend the retail activities […]

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Facilities granted by the state during the state of emergency

Emergency Ordinance no. 30/2020 for the modification and completion of some normative acts, as well as for establishing measures in the field of social protection in the context of the epidemiological situation determined by the spread of the SARS-CoV-2 coronavirus (Official Gazette no. 231 / 21.03.2020) Free days paid for parents – Parents of children […]

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Economic and fiscal-budgeting measures during the state of national emergency

Emergency Ordinance no. 29/2020 regarding some economic and fiscal-budgetary measures (Official Gazette no. 230 / 21.03.2020) The normative act enters into force starting March 21, 2020 and provides the following measures: Support measures for small and medium-sized enterprises – The granting of state guarantees in favor of each beneficiary participating in the program for one […]

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Modifications regarding the work program with the public for foreign citizens

In the context of measures to prevent and limit the spread of infection with COVID-19, the General Inspectorate for Immigration (GII) establishes new measures for foreign citizens, which will be applied during the establishment of the national emergency state, as follows: Starting with 20.03.2020, the activity of receiving requests for the issuing of travel documents, […]

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Schengen Visa rules set to change as of February 2020

The Schengen visa is one of the most famous visas in the world, granting to its holder the possibility of traveling to 26 European countries, 22 of them part of the European Union. The number of Schengen visa applicants has been steadily increasing every year. Currently, travelers from 104 countries and entities need to obtain […]

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2020 quota for newly admitted foreign employees to the labour market

The Government Decision no. 968/20.12.2019 sets out a total number of 30,000 work permits that can be issued in 2020 to foreign citizens belonging to other states than the EU or the EEA or the Swiss Confederation, or to foreign citizens whose free access to the labor market is established through treaties and agreements concluded […]

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Guidance for UK nationals working and residing in Romania

The Romanian government announcement in response to Brexit involves the following: In view of the invocation on 29.03.2017 by UK of art. 50 of the Treaty on EU, which led to the initiation of its withdrawal from the EU, hereinafter referred to as Brexit, In the context that the withdrawal agreement negotiated between the EU […]

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Online Marketplaces Become Responsible for VAT

Online marketplaces in the EU (such as Amazon, Ebay etc.) will become responsible for charging and collecting VAT for their non-EU sellers in an attempt to recover EUR 5 billion in VAT fraud. European Commission (EC), and ECOFIN finance ministers reached a decision in March and over the last couple of months they have discussed […]

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Brexit Update

Three Month Extension European leaders have approved UK’s request for a three-month extension for Brexit. Donald Tusk, president of the EU Council, informed that EU27 leaders have agreed to accept UK’s request for a Brexit “flextension” until January 31, 2020; the decision is expected to be formalized through a written procedure. Britain agreed to hold […]

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Directive 1852/2017 transposed to the national legislation

On August 22nd 2019, Romania transposed the EU directive 1852/2017, which establishes a system that promises the elimination of misunderstandings between EU Member States regarding the application of the provisions of bilateral treaties and other international agreements of conventions. Thus, the companies will have through these new provisions an instrument that will give them a […]

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Modification of the GD no. 34/2019

Government Decision no. 34/2019 published in the Official Gazette no. 80 on 31.01.2019, established a total number of 20,000 of work permits that can be issued in 2019 to Non-European citizens, newly-admitted workers for the following types of workers: permanent, trainee, seasonal, cross-border, highly skilled, seconded, ICT (people transferred within the same company). Considering the […]

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Regulations on the A1 files

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. […]

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OECD News

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 […]

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NAFA publishes a plan of measures to streamline the collection of revenues

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, […]

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Mirus Group to assist in the acquisition of Dentotal Protect by the private equity fund Abris Capital

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 […]

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European Court of Justice – Vega International

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 […]

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Hague apostille exemption and other formalities regarding public documents used by the EU member states

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 […]

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Registration for VAT purposes begining with February 1st

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 […]

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VAT treatment of vouchers

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 […]

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