Further amendments to the Romanian Fiscal Code

Further amendments to the Romanian Fiscal Code
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.
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Romanian Fiscal Code amendments

Romanian Fiscal Code amendments
Our tax experts address a series of beneficial fiscal changes to the Romanian business environment, applicable starting with January 1, 2021
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Tax on inbound investment in Romania, Legoloxy – Getting the Deal Through, December 2020

Tax on inbound investment in Romania, Legoloxy – Getting the Deal Through, December 2020
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 […]
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Sequel of supporting measures adopted for the Romanian business environment, June 2020

Sequel of supporting measures adopted for the Romanian business environment, June 2020
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 […]
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New tax measures in the COVID-19 outbreak context, May 2020

New tax measures in the COVID-19 outbreak context, May 2020
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Tax on inbound investment in Romania, Legoloxy – Getting the Deal Through, November 2019

Tax on inbound investment in Romania, Legoloxy – Getting the Deal Through, November 2019
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 […]
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ELKB Tax – Solving tax disputes for the avoidance of double taxation, September 2019

ELKB Tax – Solving tax disputes for the avoidance of double taxation, September 2019
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 […]
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Investing in Romania, Practical Law, Thomson Reuters, January 2019

Investing in Romania, Practical Law, Thomson Reuters, January 2019
This Q&A gives an overview of the key factors affecting inward investment, including information on the jurisdiction’s legal system; key laws and regulatory authorities; investment restrictions; and details of international treaties, customs and monetary unions. The guide also provides information on investor individuals; visa permits; restrictions on foreign ownership; transfer pricing and thin capitalisation rules; […]
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Split VAT – to be or not to be, CEE Legal Matters Magazine, November 2017

Split VAT – to be or not to be, CEE Legal Matters Magazine, November 2017
Romanian Government Ordinance no. 23/2017 regarding split VAT payment entered into force on October 1, with its provisions being optional until the end of 2017. On January 1, 2018, the Ordinance becomes mandatory. According to the Ordinance, VAT payments to suppliers must be made directly to a special VAT account which each company is required […]
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ELKB Romania – striving to become a better host for R&D investments

ELKB Romania – striving to become a better host for R&D investments
Although ranked as a “modest innovator” by the European Commission and having one of the lowest research and development (“R&D”) intensities among the EU member states, Romania has targeted substantial growth and improvements in this sector for the year 2020. Our competition team prepared an article on the matter.
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