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CLA Global Welcomes New Network Member In Romania
London - Today, CLA Global Limited (CLA Global), a leading international organization comprised of independent accounting and advisory...
Sep 12, 20242 min read
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Right to deduction – Incorrect description of the goods on the invoices
The tax authorities may not refuse a taxpayer the right to deduct input VAT on the sole ground that the purchase invoices contain an...
Feb 4, 2019
Approval of the 2019 quota for newly admitted foreign employees to the labour market
The Government Decision no. 34/2019 sets out a total number of 20.000 work permits that might be issued in 2019 to foreign citizens...
Feb 1, 2019
Amendments to the Fiscal Procedure Code
– Foreclosure and Mediation procedure – On January 17, 2019, Law no. 30/2019 regarding the approval of the Emergency Government...
Jan 31, 2019
New restrictions regarding the use of day workers in 2019
In a recent amendment to Law no. 52/2011 on the performance of occasional activities by day workers (“Law 52/2011”), the Romanian...
Jan 19, 2019
Nexia International breaks US$4bn in global revenues
16 January 2019 Nexia International (Nexia), the ninth largest global network of independent accounting and consulting firms, is...
Jan 16, 2019
Increase in the National Minimum Gross Wage for 2019.
Government Decision no. 937/2018 on establishing the national minimum gross basic wage guaranteed for payment (“GD 937/2018”), published...
Jan 9, 2019
Legislative changes regarding the increase of minimum gross wage per economy and its impact on the i
Starting with 01.01.2019, the minimum gross wage per economy guaranteed will be increased from Ron 1900 to Ron 2080, for employed...
Dec 21, 2018
ON THE ROLE AND CORRECT USE OF MODIFIERS
Modifiers are words, phrases, or clauses that add description to sentences. Typically, you will find a modifier placed right next to the...
Dec 19, 2018
Clawback return to be modified in two steps
The clawback tax mechanism will be changed in two steps, with the Medicines Health House’s budget first being indexed to the inflation...
Nov 29, 2018
TIPS TO IMPROVE YOUR TRANSLATION
Starting with the definition of the translation – the communication of the meaning of a source-language text by means of an equivalent...
Nov 25, 2018
Quarterly distribution of dividends
According to Law no. 163/2018 on amending and supplementing Accounting Law no. 82/1991, Companies Law no. 31/1990, as well as on amending...
Nov 16, 2018
Legislative changes of some normative acts regarding the regime of foreigners in Romania, in force s
Law no. 247/2018 amends and supplements GEO no. 194/2002 on the regime of foreigners in Romania as well as Government Ordinance no....
Nov 15, 2018
E.U. COURT OF JUSTICE / Right to deduction in case of cancelled acquisition of shares
By the planned acquisition of shares in the target company, potential acquirer’s intention was to provide the target company with...
Nov 6, 2018
ABOUT FANTASTIC RAPPING MAGICIANS AND WHERE TO FIND THEM
I have always regarded translation and language interpreting as means of communication and translators/interpreters as communicators....
Oct 8, 2018
Updates regarding secondment of workers in the framework of the provision of services
In the Official Journal of the European Union from 01.07.2018 has been published the European Directive no. 2018/957 amending the EU...
Oct 2, 2018
The reverse charge will be extended until June 30, 2022
The period of application of the reverse charge mechanism in relation to operations involving goods and services at risk of fraud was...
Sep 28, 2018
WHAT ABOUT TRANSLATIONS?!?
The English word translation derives from the Latin word “translatio”, which comes from “trans”, across + “ferre”, to carry or to bring...
Aug 25, 2018
Romanian Parliament Approves Tax Law for Natural Gas Sector
Romania’s Chamber of Deputies (lower house of Parliament) on July 9 approved the amended draft of a law on the taxation of offshore oil...
Aug 20, 2018
CJEU to Consider Romanian VAT Exemption for Drilling Rigs
Summary The Court of Justice of the European Union has published the reference for a Romanian case (C-291/18) on whether article 148(c)...
Aug 20, 2018
VAT Directive Precludes Romanian Transport Services VAT Deduction Rules
Citations: Cartrans Spedition Srl v. Romania; C-495/17 Summary Advocate General Eleanor Sharpston in Cartrans Spedition Srl v. Romania,...
Aug 20, 2018
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