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Romania: Tax consequences of the COVID-19 pandemic on companies in Romania

Romania - April 1 2020 Despite the measures adopted for managing the effects of the COVID-19 pandemic with a view to helping or even saving Romanian businesses, it goes…

Amendments to the tax restructuring scheme | Romania

Romania - February 25 2020 Government Ordinance No. 6/2019 implementing the tax restructuring scheme for debtors with outstanding liabilities greater than or equal to RON 1m as…

Alexandra Barbu

Amendments to tax law as of 1 January 2020 | Romania

Romania - January 8 2020 Below is a list of the main provisions included in Law No. 263/2019 on the amendment of Law 227/2015 regarding the Fiscal Code, effective 1 January…

Alexandra Barbu

2020 VAT law changes l Romania

Romania - January 3 2020 The beginning of 2020 looks intense from a tax perspective. A series of legislative changes impacting the value added tax ("VAT") were announced at…

Alexandra Barbu

Increased turnover limit for tax credit on sponsorships - Romania

Romania - July 29 2019 The turnover limit for the calculation of the tax credit for sponsorships, patronage, and private scholarships has increased from 0.5 % to 0.75 %…

Alexandra Barbu