Foreign legal entities seeking to establish tax residence in Romania based on a place of effective management must complete a questionnaire

The Romanian tax authorities have recently enacted legislative changes concerning advance pricing agreements (APAs), with the aim of enhancing the regulatory framework and supporting tax compliance.

Starting August 2019, companies are entitled to deduct a higher percentage of sponsorship expenses from their corporate income tax, i.e. 0.75%

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.

Romanian legal persons, residing natural persons, and permanent headquarters in Romania belonging to foreign legal persons have the legal obligation to register with the competent fiscal authorities those contracts concluded with foreign legal persons or non-residing natural persons.

Starting July 1, 2026, Romania will implement significant changes to its minimum wage policy, raising the gross minimum salary while simultaneously reducing tax exemption benefits. These adjustments will impact both employers and employees across the country, affecting payroll calculations and net income for minimum wage workers.

The maximum value for daily meal tickets that can be awarded to employees while benefiting from a special fiscal regime has been increased from 30 RON (approximately 6 EUR) to 35 RON...

A tax on windfall gains obtained by domestic gas producers as a result of deregulating the sale prices for domestic natural gas was introduced in 2013 by Government Ordinance No. 7/2013 (GO 7/2013), ...

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...

The Fiscal Authority (FISC) of Romania receives information on the persons who have opened accounts at the banks and financial institutions in Romania and are doing transactions using them.

On December 31, 2024, Emergency Ordinance no. 156/2024 was published in the Official Gazette, bringing notable changes to Romania's fiscal framework for 2025.

It is an inevitable fact that a wide range of companies will face difficult financial times as a result of the current crisis. This is where we, Eurofast, can step in with tailor-made solutions.

February 2026 – At the beginning of 2026, we informed you about a significant tax reform enacted by the Romanian legislature...

As described in our previous newsletter in September 2024, profit taxpayers and microenterprise income tax taxpayers in Romania benefit from a 3% discount of their annual profit/income...

Romania recently implemented the EU Directive in its tax legislation.

After being approved and then rejected by the President, Romania this week finally achieved cross-party agreement on the extent of VAT cuts; it will drop to 20% from next year, and to 19% from 2017.

Project Iceberg, launched at the beginning of this year by the Romanian tax authorities, is a giant nationwide operation to be implemented throughout 2019.

The reverse charge mechanism is a means by which, in certain circumstances, the liability to charge VAT on a particular transaction shifts from the supplier to the beneficiary. In most of the cases, this liability arises at the same time as the beneficiary’s right to claim input VAT credit for the same amount of VAT.

On Monday, September 24, the Romanian Senate adopted the offshore law, which establishes the rules for companies that extract natural gas from Romania's Black Sea section.

The Romanian fiscal legislation governing microenterprise income taxation has witnessed significant amendments with the enactment of GEO no. 31 of 2024.