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

According to the ECJ, checking if a Romanian supplier is VAT-registered is not mandatory. However, in certain cases it may be useful.

The Accounting Law states that not filing the annual inventory is a contravention of the director, with a penalty between 400 and 5000 RON.

The Annual Financial Statements are like a business card: they represent the company in front of an investor, a bank, a public authority.

The trial balance - or, for short, the balance - represents the mirror of a company’s activity. All the operations reach it.

Is it easy to open a business in Romania? To grow it? To pay taxes and to do business with foreign companies?