Newsletter no. 6/2020

I. Technical unemployment: simplification of the implementation and regulation of the procedure for granting state aid – (Emergency Ordinance No 32/2020, valid from 30.03.2020) In the last newsletter we informed that during the State of Emergency, in case of temporary suspension of the individual employment contract on the initiative of the employer (technical unemployment) in more…

Newsletter no. 5/2020

I. Introduction of economic and budgetary measures following the declaration of a State of Emergency (Emergency Ordinance no. 29/2020) 1. The State guarantees loans, credit lines and subsidises the related interest and management fees The program for supporting small and medium-sized enterprises – IMM INVEST ROMANIA, which aims to provide state guarantee facilities for loans more…

Newsletter no. 4/2020

I. Parents are given free working days to care for children under 12 years of age when schools are closed in extreme situations (Law 19/2020) A law has been adopted under which one of the parents is entitled to free working days for childcare if their educational institutions are temporarily closed due to adverse weather more…

Newsletter no. 3/2020

I. Parents are given free working days to care for children under 12 years of age when schools are closed in extreme situations (Law 19/2020) A law has been adopted under which one of the parents is entitled to free working days for childcare if their educational institutions are temporarily closed due to adverse weather more…

Nesletter no. 2/2020

OVERTAXATION OF MINERAL OILS AND OF PART-TIME EMPLOYMENT CONTRACTS IS ABOLISHED (LAW NO. 263/ 30/12/ 2019) The basis of assessment for determining social security contributions (pension and health insurance) for natural persons receiving income below the gross minimum wage has so far been the gross minimum wage, which is why, in the case of part-time more…

Newsletter no. 1/2020

THE GROSS MINIMUM WAGE IS INCREASING FROM 1 JANUARY 2020 By Government Decision 935/13 December 2019, the increase in the gross minimum wage was decided as follows: From 1 January 2020, the minimum gross wage provided for in Article 164(1) of Law No. 53/2003 (Labor Code), without taking into account allowances and other bonuses, will more…

Nesletter no. 6/2019

AS OF JULY 1, 2018, ALL COMPANIES ARE REQUIRED TO PERFORM A PHYSICAL SECURITY RISK ANALYSIS Pursuant to Art. 66 of Law No. 333/2003, companies are obliged to carry out a risk analysis of physical security with regard to the guarding of assets, goods and the protection of persons within the company. The entry into more…

Newsletter no.5/2019

COMPANIES ARE OBLIGED TO SUBMIT A DECLARATION CONCERNING THE BENEFICIAL OWNER TO THE COMMERCIAL REGISTER (LAW ON COMBATING MONEY LAUNDERING AND TERRORIST FINANCING NO. 129/2019 OF 18 JULY 2019).   Law No 129/2019 provides for several additional obligations for companies to disclose information about the beneficial owner of their activities.   Accordingly, legal persons subject more…

Newsletter no. 4/2019

CHANGES TO THE TAX LAW BOOK (Law No 60/2019, valid from 20.04.2019)   The Romanian Official Gazette No. 296 of 17 April 2019 published Law No. 60/2019 amending and supplementing Law No. 227/2015 with regard to the Romanian Code of Laws of the Republic of Romania. The new regulation includes the introduction of an upper more…

Newsletter no. 3/2019

SIMPLIFICATION OF VAT REGISTRATION FOR LEGAL ENTITIES WHO REGISTER OPTIONALLY Decree No. 167/2019 of the President of the National Tax Administration Agency (ANAF) simplifies the procedure for legal entities to register as liable to VAT by option. These taxpayers will now be able to obtain the tax number on the day the application is submitted, more…