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; […]

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 […]

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.

On January 13, 2017, the Romanian National Agency for Fiscal Administration (“RNAFA”) repealed the obligation to fill in and submit form no. 88 to the relevant fiscal authorities as of February 1, 2017. For this purpose, the RNAFA Order no. 3.841/2015 regarding the form and content of form no. 088, was abolished by RNAFA Order […]

Romania’s Parliament has enacted (not without much debate) Law no. 170/2016 on activity specific taxes, cracking down on Horeca tax evasion by imposing a new flat tax on bar, restaurant, catering and hotel activities. Starting January 1, 2017, such businesses will pay a tax calculated irrespective of the volume of income and expenses, but which […]

Contribution of MPR Partners | Maravela, Popescu & Asociații to the prestigious Doing Business in Europe 2015 guide. Copyright in the work lies with Thomson Reuters (Professional) UK Limited.