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
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Bogdan Nastase
Nov 133 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 142 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 433 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 301 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 234 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 212 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 92 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 820 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 151 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 141 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 253 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 302 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 123 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 74 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 142 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 11 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 1128 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 101 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 101 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
Bogdan Nastase
Jul 19, 20232 min read
>EUR25m/year? HNWIs under the survey of ANAF
Romanian tax residents with wealth > EUR 25 million will be notified by the Tax Agency ANAF to ensure voluntary tax compliance
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