The Foreign Investors Council (FIC) welcomes the amendments to the e-VAT normative act, agreed upon with the Ministry of Finance representatives during the meeting on June 27. The modifications decided upon include: A 6-month grace period during which no penalties will be applied, and the VAT information statement will not affect the taxpayer’s tax risk. The possibility of testing the system during a 6-month pilot phase. Access to data collected from taxpayers by ANAF through the SPV. The establishment of a consultative group by the Ministry of Finance and ANAF to identify necessary adjustments for the proper functioning of e-VAT in collaboration with the business environment. FIC emphasizes that the digitalization and modernization of ANAF are essential for increasing tax collection, reducing the VAT gap, and easing the pressure on the state budget. For over a decade, FIC has contributed position papers and good practice examples to support these efforts. The digitalization measures of tax administration—such as SAF-T, e-Invoice, and e-Transport—require sustained efforts from companies. These measures demand predictability throughout the implementation process and close collaboration between the business environment and the Ministry of Finance to identify and resolve blockages. Companies expect that implementing these measures will lead to better tax collection, simplified fiscal compliance, and a reduced administrative burden. Therefore, data already collected by ANAF should be analyzed, and no additional measures should be taken that excessively burden taxpayers. Adopting good practices from other countries, which have achieved higher tax collection through digitalization and conducted studies to detect fiscal gap causes, established clear measures, and set a feasible implementation timeline, is also recommended.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
