The Romanian Government came up with a balanced decision affecting the minimum wage per industry with afflictions to a handful of industries and benefits to others. The minimum wage per industry, including private companies, will increase from Ron 3,000 to…
A four-day working week growing viral suggests advantages for the employees. It’s a new work system, through which they are entitled to choose to work extra hours within working days to benefit from a day off. The principal idea behind…
A legislative project applicable as of January 2024 challenges the tax system in Romania. Its aftershocks seem to be tangible for businesses and individuals. First and foremost, the project targets at micro SRLs (Limited Liability Companies) which have a profitability…
A series of amendments and additions to the Romanian Fiscal Code were made by way of GO no. 16/2022 in Romania impacting a wide range of entities. With the changes, which will come into force on January 1st, 2023, micro-companies’…
The Emergency Ordinance No. 13 dated as at the 24th of February 2021, amending and supplementing Law No. 227/2015 on the Fiscal Code and Accounting Law No. 82/1991 was published in the Official Gazette No. 0197 of the 26th of February 2021. Here are some of the applicable changes: Review the scope of non-deductibility of expenses incurred…
On Wednesday, January 13th, the Romanian Government voted on decision no. 4/13.01.2021 and subsequently published the decision in the National Gazette relating to the approval to increase the minimum guaranteed gross wage to 2,300 lei per month. The change represents…
In an effort to reduce bureaucracy when operating limited liability companies, Romania has amended its Company Law that will come into force 3 days following its publication in the National Gazette, relating to SRLs as follows: • Flexibility of the…
The most important specifications of the law that came into force on October 3rd, amending and completing the Labour Code, are the following: Any Romanian who is interested in being employed, can be assisted at the time of negotiating or…
[print_link] On the 2nd of July 2020, after an almost six month wait, the law that allows for the de-bureaucratisation of company incorporations in Romania, was finally published in the National Gazette. The law entered into force on the 5th…
[print_link] Needless to say, a business requires a bank account in order to function properly. In certain instances, however, having to open a bank account is more complex that one would anticipate and, as such, requires reaching out to professionals…