Here you will find analysis and comments on the latest legal changes. Our team will give you complete analysis on the latest laws, on accounting.

We will also keep you up to date with with important Contexpert announcements.

Informative statement on deliveries/ supplies of services perfor

2007-06-05

According to article 153 of the Fiscal Code, taxable persons registered for VAT purposes in Romania are required to report all deliveries of goods, supplies of services performed and acquisitions of goods and services performed on the Romanian territory for/by other taxable entities registered for VAT purposes in Romania.

» citeste detalii

Amendments of material errors in VAT returns

2007-05-22

Starting with May 22nd, 2007, Order no. 179/2007 of May 14th, 2007 for the approval of Instructions for the adjustments of material errors found in VAT returns enters into force.
» citeste detalii

Instrastat Statistical Statement

2007-02-02

Economic operators registered in Romania for VAT purposes starting with January1, 2007 must fill in and submit intrastat statistical statements.

» citeste detalii

Annual reports on packages and waste packages management

2007-02-01

These statements contain data on the quantities of packages introduced on the market in 2006, respectively the ones that are estimated to be introduced in 2007.
» citeste detalii

Inventory of assets and liabilities

2007-01-01

According to the legal regulations in force, companies are required to effect for at least one time per year during their functioning period the General Inventory of Assets and Liabilities. Usually, the annual inventory of assets and liabilities is to be carried out at the end of the accounting period (fiscal year).

» citeste detalii

Facilities offered for due taxes and local duties

2007-01-01

Starting with the year 2007, local councils may grant exemptions from the payment of the tax on buildings and the tax on land due by legal entities who make investments exceeding the amount of EUR 500.000 for a period of 5 years inclusively.

» citeste detalii

Tax on dividends

2006-12-31

Tax on dividends that have been distributed must be paid by December 31^st, even if the dividends have not been paid to the shareholders by the end of the year.

» citeste detalii

Norms regarding the preventing and combating of money laundering

2006-10-19

Failure to observe the provisions of the present norms is to be sanctioned according to article 22 of the law (with fines ranging from RON 10.000 to RON 50.000 as well as with complementary penal offense that may cause the closing of the unit).

» citeste detalii