Tax optimisation opportunities from understanding the differences between Subsidiary, Branch, Representative Office, and Tax Representative

In Romania, the choice between establishing a profit-tax paying company and a micro-enterprise can significantly affect taxation.

A Permanent Establishment (PE) arises when a foreign company has a fixed place of business in Romania for more than 6 months

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

The new Law 296/2023 defines unauthorised activity as illicit, increasing risk of confiscation and fines

Issuing invoices to clients and sending them to RO e-Factura, as well as downloading invoices from suppliers, is the director responsibility

Your ACCA / CFA exams paid by GEC. Interested in joining GEC to take advantage of this opportunity? Email your CV to office@piroi.com

Romanian tax residents with wealth > EUR 25 million will be notified by the Tax Agency ANAF to ensure voluntary tax compliance

Romanian Chart of Accounts in Romanian and in English

One of the most debated subjects when shareholders start having arguments is the right of access to company documents.

Many of the questions appearing when doing business in Romania find answer in the Companies Law 31/90. Let’s get familiar with its structure

Failure to comply with the obligation to report monthly on the inventories of agricultural and food products constitutes a contravention

Easy: ask for an Anticipated Tax Solution. For EUR 5000, the Minister of Finance herself will sign a fiscal solution to make it all clear

Due diligence is a must: I need to do my homework or I risk having surprises. The supplier might be inactive, or with its VAT code cancelled

On January 5, 2023, the Corporate Sustainability Reporting Directive (CSRD) entered into force. First set of standards by mid-2023 (EFRAG)

⚠️ Attention administrators of micro-companies with one employee who goes on medical leave. You risk losing the micro-company tax status

Romanian Tax Procedure Code, art. 104: "the certification of tax forms by a tax advisor is an evaluation criterion in the risk analysis"

Facts (crimes, contraventions) for which information is entered in the tax file of taxpayers. Why it is important

GEC Team guest speaker at the Bucharest Day of e-Commerce. The event took place at the Czech Embassy in Bucharest, on 20 September 2022.

An EU citizen benefits of the same labour rights in Romania as a Romanian citizen. Therefore, a work permit authorisation is not necessary.

Starting with July 1, 2022, B2G invoicing is obligatory through the RO e-Factura system. Let's see how it works in practice!

Dividing business raises flags for the Tax Agency ANAF because of the VAT implications. Liquidating business also involves a VAT check.

Expired office rent contract, expired administrator’s mandate, neglecting the 6-months rule, becoming a high risk taxpayer

Background info. How long will it take? Which documents will I be asked to present? What is the result?