Tax advisory services

Nov 2021

Tax Flash no.5/2021 – Emergency Ordinance no. 120/2021 regarding the administration, functioning and implementation of the national system regarding the electronic invoice in Romania

24.11.2021 – For the application of Emergency Ordinance no. 120/2021 regarding the administration, functioning and implementation of the national system regarding the electronic invoice in Romania, a series of normative acts have been published, as follows:

Sep 2021

NNDKP CELF Alert no. 2/2021 – SAF-T, a first step in the modernization of the tax audit procedure

14.09.2021 – By GEO 11/2021, it was enacted the use of the standard audit file for tax (D406 Informative Declaration), which will contain accounting data automatically extracted from the taxpayers’ accounting systems that is relevant for tax audits. Thus, an international standard direct reporting system is established, through which the taxpayers will submit tax reports, VAT reports to the fiscal authorities.

Sep 2021

Tax Flash no.4/2021 – Ordinance no. 8/2021 regarding the amendment and completion of Law no. 227/2015 regarding the Fiscal Code and Ordinance no. 11/2021 regarding the amendment and completion of Law no. 207/2015 regarding the Fiscal Procedure Code were published in Official Gazette no. 832

01.09.2021 – Ordinance no. 8/2021 regarding the amendment and completion of Law no. 227/2015 regarding the Fiscal Code and Ordinance no. 11/2021 regarding the amendment and completion of Law no. 207/2015 regarding the Fiscal Procedure Code were published in Official Gazette no. 832

Aug 2021

Which are the most important fiscal updates that property investors in Romania need to be aware of in 2021?

Published in Real Estate Guide 2021 by Business Review

Apr 2021

Tax Flash no.3/2021 – Emergency Ordinance no. 19/2021 regarding certain fiscal measures, as well as for amending and completing normative acts within fiscal field

01.04.2021 – Emergency Ordinance no. 19/2021 regarding certain fiscal measures, as well as for amending and completing normative acts within fiscal field was published in Official Gazette no. 315

Mar 2021

Tax Flash no.5/2021 – Emergency Ordinance no. 120/2021 regarding the administration, functioning and implementation of the national system regarding the electronic invoice in Romania

NNDKP CELF Alert no. 2/2021 – SAF-T, a first step in the modernization of the tax audit procedure

Tax Flash no.4/2021 – Ordinance no. 8/2021 regarding the amendment and completion of Law no. 227/2015 regarding the Fiscal Code and Ordinance no. 11/2021 regarding the amendment and completion of Law no. 207/2015 regarding the Fiscal Procedure Code were published in Official Gazette no. 832

Which are the most important fiscal updates that property investors in Romania need to be aware of in 2021?

Tax Flash no.3/2021 – Emergency Ordinance no. 19/2021 regarding certain fiscal measures, as well as for amending and completing normative acts within fiscal field

Tax Flash no.2/2021 – The amendment and completion of the Fiscal Code and the Accounting Law

Tax Flash no.1/2021 – The amendment and completion of certain normative acts and the extension of certain deadlines

Tax Flash no.20/2020 – The publication of the laws amending the Fiscal Code and the Fiscal Procedure Code

Tax Flash no.19/2020 – The amendment of the Fiscal Code and of the Fiscal Procedure Code

Tax Flash no.18/2020 – The increase of the value of residences for which a 5% VAT rate is applied