Government Support Measures Post #COVID-19
According to the press release issued by the Ministry of Labour and Social Protection on May 29, 2020: Employees returning from technical…
Government Support Measures Post #COVID-19
The Government will cover 45% of the gross salary for employees returning from technical unemployment, regardless of whether the employee works full-time…
Duration of Sick Leave – New Provisions
Pursuant to art. 20 of the Implementing Rules for Government Emergency Ordinance no. 158/2005 on sick leave and health insurance benefits, the…
The Unified Declaration – Bonus Discount
Taxpayers who are required to submit the unified declaration will benefit from a total bonus of 10%, made up of 5% if…
The Influence of Artificial Intelligence on Accounting in Romania
Introduction In recent years, artificial intelligence (AI) has become an essential driver of digital transformation in the global economy, and Romania is…
How to Pay and Declare the Luxury Tax on Cars in Romania
What is the “luxury tax” on cars It is a special tax introduced by Law 296/2023. It applies to individuals and legal…
Deductibility of RCA and CASCO Insurance for a Car Under a Loan-for-Use (Comodat) Agreement
General Rule Under the Tax Code (art. 25 para. (1) and (2) of Law no. 227/2015), only expenses incurred for the purpose…
The Assignment Agreement (Contract de Cesiune)
An assignment agreement is a legal act by which one party (the assignor) transfers their rights over an asset, a right, or…
How Does VAT on Cash Basis Work?
VAT on cash basis (TVA la încasare) is a special VAT payment scheme introduced to support small and medium-sized enterprises, helping them…
Exclusive Invitation – QuickLegal
What is QuickLegal? QuickLegal is an AI-powered debt recovery solution, backed by EIT Digital, which increases debt recovery rates by 40% and…