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Maria Piroi
Jan 1519 min read
Legislative Changes Effective from January 1, 2025
Starting January 1, 2025, the minimum gross national salary in Romania will be 4,050 lei per month for a standard working schedule....
Bogdan Nastase
Nov 22, 202412 min read
Mandatory Elements of an Invoice in Romania According to the Tax Code
Mandatory invoice elements in Romania: date, unique number, supplier and buyer details, description, taxable amount, VAT rate and VAT amount
Bogdan Nastase
Nov 13, 20243 min read
Notarised Power of Attorney (PoA) for Romanian Tax Agency Representation
With a notarised Power of Attorney (PoA), your accountant can represent your business at the Romanian Tax Agency (ANAF).
Maria Piroi
Oct 14, 20242 min read
New Amendments to Romanian Citizenship Law - Key Changes Effective from September 2024
Romania introduces a citizenship card, biometric data collection, and digital services for a more secure and streamlined citizenship process
Maria Piroi
Oct 4, 202433 min read
August-September 2024 Regulatory Updates
Updated fiscal laws, managing budget debts, raising pension thresholds, and revising VAT, gambling, and tax regulations.
Maria Piroi
Sep 30, 20241 min read
Reminder: Deadlines for Local Taxes and Luxury Tax
Reminder: Pay local taxes by September 30. New 2024 luxury tax applies to high-value properties and cars.
Bogdan Nastase
Aug 23, 20244 min read
Key updates to Tax Form 112: What you need to know
New Tax Form 112 rules mean more employer duties for reporting non-wage income and vouchers. Compliance is key to avoid penalties.
Bogdan Nastase
Aug 21, 20242 min read
From 1 January 2025: Medium-sized companies under the obligation to report on Sustainability (MoF Order 85/2024)
New MoF Order 85/2024 mandates detailed sustainability reporting for Romanian medium-sized companies.
Bogdan Nastase
Aug 9, 20242 min read
Simplify Your Logistics: the e-Transport Mobile App
Streamline logistics reporting with the e-Transport app from ANAF! Enrollment, starting transport sessions, managing active sessions
Bogdan Nastase
Aug 8, 202420 min read
July 2024 New Regulatory Updates: Key Changes in RO e-Factura and Fiscal Procedures
Stay updated on RO e-Factura and tax changes! Learn about optional/mandatory registration, precompleted VAT forms, and VAT refund procedures
Bogdan Nastase
Jul 15, 20241 min read
25th: Tax Payment Deadline or Time for Money to be in the Treasury?
Don't make tax payments on the 25th. Instead, ensure your payments reach the Treasury by then. Missing this deadline could mean penalties.
Bogdan Nastase
Jul 14, 20241 min read
First 30 Days of a New Business in Romania: Buying the Paper-based Inspection Register is (Still) a Must
Starting a business in Romania? Ensure compliance by obtaining the paper-based inspection register within the first 30 days of incorporation
Bogdan Nastase
Jun 25, 20243 min read
Tax Transparency Meets Sustainability: How DAC6, SAF-T, and CSR Are Transforming Business Practices
Explore how DAC6, SAF-T, and CSR are revolutionising business practices through enhanced tax transparency and sustainability reporting.
Bogdan Nastase
May 30, 20242 min read
Fast-Track VAT Registration: Get Your New Romanian Business VAT-Ready
Fast-track your Romanian VAT registration and avoid unnecessary fees & delays. Learn the less-known method for new businesses.
Bogdan Nastase
May 12, 20243 min read
Understanding Romania's Double Taxation Avoidance Agreements: Insights from Official ANAF Resources
This article presents the official ANAF list of Double Taxation Avoidance Agreements and presents solutions to language discrepancies.
Bogdan Nastase
Apr 7, 20244 min read
Essential steps for closing business in Romania
Closing a Business in Romania doesn’t need to be a hassle. The easiest is to appoint a lawyer and an accounting firm, who work in sync
Bogdan Nastase
Mar 14, 20242 min read
Subsidiary, Branch, Representation Office, or Tax Representative in Romania?
Tax optimisation opportunities from understanding the differences between Subsidiary, Branch, Representative Office, and Tax Representative
Bogdan Nastase
Mar 1, 20241 min read
Micro-enterprise or profit-tax paying company?
In Romania, the choice between establishing a profit-tax paying company and a micro-enterprise can significantly affect taxation.
Bogdan Nastase
Feb 11, 202428 min read
Permanent Establishment (PE) in Romania: what you need to know
A Permanent Establishment (PE) arises when a foreign company has a fixed place of business in Romania for more than 6 months
Maria Piroi
Feb 10, 20241 min read
Understanding the New Special Tax: Amounts and Deadlines
Until 30.04.2024, owners of real estate > 2.5 million lei and cars > 375 thousand lei must declare and pay the new 0.3% special tax
Maria Piroi
Feb 10, 20241 min read
Noul impozit special: cine ce cand cum cat
0.3% mai multe taxe pentru persoanele fizice care au bunuri imobile > 2.5m lei si autoturisme > 375000 lei. Termen de plata: 30.04.2024
Bogdan Nastase
Dec 15, 20231 min read
Risk of confiscation in case of unauthorised activity
The new Law 296/2023 defines unauthorised activity as illicit, increasing risk of confiscation and fines
Bogdan Nastase
Dec 14, 20232 min read
RO e-Factura mandatory B2B from 1 January 2024
Issuing invoices to clients and sending them to RO e-Factura, as well as downloading invoices from suppliers, is the director responsibility
Maria Piroi
Nov 20, 20231 min read
Your ACCA and CFA exams paid by GEC
Your ACCA / CFA exams paid by GEC. Interested in joining GEC to take advantage of this opportunity? Email your CV to office@piroi.com
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