16.09.2020 – On September 14, 2020, the High Court of Cassation and Justice (“HCCJ”) admitted the appeal in the interest of the law that will end tax authorities’ practice of extending by 1 year the five-year limitation period applicable with respect to profit tax, artificially and in breach of the relevant legal provisions.
20.07.2020 – Author: Daniela Gramaticescu
On July 2, 2020, Law no. 102/2020 amending and supplementing Companies Law no. 31/1990 was published in the Official Gazette of Romania no. 583/2020, and it will enter into force within three days as of the publication, starting with July 05, 2020.
The European Commission has approved, under its Temporary Framework, a RON 4 billion (approx. €800 million) Romanian scheme to support companies affected by the coronavirus outbreak.
The entire business community has entered new phases of the COVID-19 pandemic. Reopening businesses and economies in a safe and gradual manner, while continuing to implement effective prevention measures, is the current focus of both companies and authorities. Our COVID-19 Legal & Tax Resource Center facilitates your access to valuable knowledge and legal insights in this respect.
