In the Official Gazette no. 584 / 21.07.2017 was published the Law no. 177/2017 regarding the approval of Government Emergency Ordinance no. 3/2017 for amending and completing the Law no. 227/2015 regarding the Tax Code (Law) Here is a summary of the amendments made to the Tax Code by Law no.177 / 2017 …Read more
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LEGISLATIVE PROPOSALS We inform you that the Ministry of Finance has published on its website, on 4 august 2017, the Government Ordinance Project concerning the broken-down payment of VAT and on 7 august 2017 the Government Ordinance project for modification and completion of the law 227/2015 regarding the fiscal code. A. AMENDMENTS TO…Read more
On a very fragmented market with a high competiveness as it is the financial services’ one in Romania, TPG Romania Group ended the 2016 fiscal year with a turnover that surpassed the EUR 1 million mark, reaching RON 4.937.664, showing a growth of 5% compared to 2015. At the same time, TPG Romania Group registered…Read more
The tax on the revenues obtained by nonresidents from a Romanian resident is withheld according to the general rule set by the Fiscal Code (chapter VI). The Conventions for avoidance of double taxation concluded with other states may provide a more favorable taxation or even exemption of such revenues. The Romanian companies that make payments…Read more
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