Tax Treatment of Sports Activity Contracts
Participants in sports activities — athletes, coaches, doctors, medical assistants, masseurs, physiotherapists, researchers — may conclude with sports structures either an individual…
Form 230 – Redirecting Up to 3.5% of Tax
In the Official Gazette no. 325 dated April 21, 2020, ANAF ORDER no. 936 of April 14, 2020 was published, amending and…
The Difference Between Accounting Depreciation and Tax Depreciation of Vehicles
When a company purchases a vehicle for its activity, it becomes a fixed asset subject to depreciation. Depreciation represents the process of…
QuickLegal – Bridge Investment Round on SeedBlink
We are writing with important news, dedicated exclusively to you, our partners. QuickLegal has opened a bridge investment round on SeedBlink and…
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…