Our tax team have freshly released an article with regards to the Romanian Customs Authority, recently affected by new regulations, applicable starting with December 10, 2021. The reorganization of the National Tax Administration Agency (“ANAF”) for the establishment of the Romanian Customs Authority may lead to a more efficient management of internal resources, and likely […]

In addition to existing tax facilities such as the non-taxation of distributed dividends or of capital gains, as well as the tax grouping for VAT purposes, the newly implemented fiscal unity system contributes to the Romanian tax jurisdiction becoming increasingly appealing for holdings and groups of companies facing various development stages and profitability. The complete […]

Foreign legal entities seeking to establish tax residence in Romania based on a place of effective management must complete a questionnaire published by the Romanian tax authorities on May 17 in Order no. 577. Further information is available in our experts’ article, originally published on the MNE Tax website, here.

After the issuance of Law no. 296/2020 for the amendment and completion of the Fiscal Code, the Romanian Government deemed necessary to add further amendments to the Fiscal Code, mostly for correlation and clarification purposes.

Our tax experts address a series of beneficial fiscal changes to the Romanian business environment, applicable starting with January 1, 2021

Tax treatment of different acquisitions What are the differences in tax treatment between an acquisition of stock in a company and the acquisition of business assets and liabilities? For a corporate buyer with no presence in Romania, the acquisition of stock in a Romanian company does not have fiscal implications. Tax implications will arise only […]

Since the beginning of the COVID-19 pandemic, the Romanian authorities enacted several tax measures in order to prevent the business environment from collapsing. By way of example, some of the already implemented measures are the following:(i) recalculation of the specific annual tax in order to reduce the impact on cash flow; (ii) granted tax benefits […]

Tax treatment of different acquisitions What are the differences in tax treatment between an acquisition of stock in a company and the acquisition of business assets and liabilities? For a corporate buyer with no presence in Romania, the acquisition of stock in a Romanian company does not have fiscal implications. Tax implications will arise only […]

The Government Ordinance no. 19/2019 amending and supplementing the Law no. 207/2015 on the Fiscal Procedure Code (the “Government Ordinance 19/2019“) brings a new mechanism for resolving tax disputes for the avoidance of double taxation. This new mechanism is the result of transposing the Council Directive (EU) 2017/1852 regarding the mechanisms for settlement of tax […]