Str. Av. Petre Cretu nr. 58, sector 1, Bucuresti, Romania

Quarterly distribution of dividends

The law project, initiated by the entrepreneurial environment in Romania on 26th June 2017, was approved by the Chamber of Deputies on 13th June 2018 and provides that the dividend distribution can be made quarterly based on the quarterly financial statements approved...

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Tax incentives proposal for IT sector

According to a draft Government Emergency Ordinance on some Fiscal-Budgetary Measures (hereinafter referred to as the “GEO”) from 6 February 2018, it is proposed to introduce a mechanism for compensating mandatory social contributions for the employers activating in...

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VAT split payment mechanism

According to Law no. 275/2017 for the approval of Government Ordinance no. 23/2017 regarding the VAT split payment, which was published in the Official Gazette on 28 December 2017, the VAT split payment mechanism will be compulsory for taxable persons and public...

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