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: Ultram is a very strong and effective drug. Severe pain passes away for a long time after […]
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 […]
Citations: Cartrans Spedition Srl v. Romania; C-495/17 Summary Advocate General Eleanor Sharpston in Cartrans Spedition Srl v. Romania, C-495/17, called on the Court of Justice of the European Union to find that articles 146(1)(e) and 131 of the EU VAT Directive (2006/112/EC) preclude Romania from requiring the production of specific documents affirming the road transport […]
Government Decision no. 946/2017 published in the Official Gazette on 29th of December 2017, established a total number of 7000 employment permits which could be issued in 2018 to Non-European citizens, of which 4000 were for permanent workers and 1200 for seconded workers. Since on the 9th of July 2018, the quota for seconded foreign […]
According to Government Emergency Ordinance no. 75/2018, art. 4 paragraph 2 from Ordinance no. 25/2014 regarding the employment and secondment of foreign citizens on the Romanian territory, will be modified as follows: The eligibility condition regarding the employment of foreign citizens on the Romanian territory is considered that the Romanian employer has not been sanctioned […]
The ECJ ruled that member state tax rules are proportionate (and therefore in line with EU law), saying taxpayers in the EU have the right to demonstrate that they may have had commercial reasons for failing to meet the standard required of the arm’s-length principle. Facts of the case This time, the ECJ ruled on […]
As of April 5th, 2018 Romania, becomes a Participant in the Development Assistance Committee. As a provider of substantial concessional finance for development co-operation and humanitarian aid, Romania will contribute to the DAC’s discussions and work on key development and humanitarian issues. Integrating Romania’s experience and perspectives will help strengthen the DAC’s capacity to inform […]
The mandate agreement and the individual labor contract (“ILC”) are regulated differently from a legal perspective, so ILC is regulated by the Labor Code, while the mandate contract is regulated by Law 31/1990 regarding commercial companies. In general, both contracts involve a benefit to a beneficiary as a rule within the work program. Both the […]
According to Order no. 3604/2015 for the approval of guidelines for the correction of material errors in Value Added Tax returns, VAT returns submitted by taxable persons registered for VAT purposes can be corrected for material errors by the competent fiscal authority: at its initiative; at the request of the taxable person; The fiscal authority […]
Starting Thursday, May 17th, any natural person who realizes income from economic activities or other categories of income, has the possibility to declare them online via the Master pdf form available on the Virtual Private Space, N.A.F.A. advises. “The form automatically realize the computation on the amount of taxes and contributions due by individuals to […]