Situation: The company ABC SRL, subject to VAT and corporate income tax, issues annual/half-yearly/quarterly bonus invoices to its clients. The…
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Renovation and Construction Services Provided to EU Legal Entities – Tax Aspects
Situation: A newly established Romanian company intends to provide construction services (interior renovations) in Belgium, to taxable persons registered for…
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Transitional Measures for Real Estate Sale-Purchase Promises – VAT Treatment
Case Study A Romanian real estate developer (VAT and corporate tax payer) concludes: January – February 2025: bilateral sale-purchase promises…
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New Methodological Rules on the Application of the Reduced VAT Rate of 11%
Government Decision No. 602/2025, amending Title VII “Value Added Tax” of the Methodological Norms for the application of the Fiscal…
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New Regulations on the Single Tax Return
In Official Gazette, Part I No. 713 of 31 July 2025, Order of the National Agency for Fiscal Administration (NAFA)…
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Amendments to the Methodological Norms for the Application of the Fiscal Code – Scope of VAT Rates
In Official Gazette No. 715 of 31 July 2025, Government Decision No. 602/2025 was published, amending and supplementing Title VII…
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Law No. 141/2025: New Fiscal and Budgetary Measures with Broad Economic Impact
Published in the Official Gazette No. 699 of July 25, 2025, Law No. 141/2025 introduces a comprehensive package of fiscal…
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e-VAT Penalties Effective from July and August 2025: What Taxpayers Need to Know
Starting July 1, 2025, the e-VAT system becomes fully operational, including the enforcement of penalties for most taxpayers in Romania.…
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Accounting Reporting System as of 30 June 2025 – Regulations
Through OMF No. 1194/2025, published in Official Gazette No. 730 of 5 August 2025, the framework for the Accounting Reporting…
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Amendments and Additions – Fiscal Code
On July 22, 2025, Law no. 138/2025 was published in the Official Gazette no. 685. It approves Government Emergency Ordinance…
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