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.
Bucharest will see extensive traffic restrictions on August 31 as the capital hosts the fourth edition of L’Étape Romania by Tour de France. Several major boulevards and central streets will be closed between 07:00 and 14:00 to allow more than 2,500 cyclists to take part in the event, the organizers said. The closures will affect […]
Districts 2, 3, and 4 in Bucharest are without hot water as of the time of writing due to a major breakdown that occurred on Sunday, August 17, on a main pipeline of the city's public heating system. The pipeline is located in central Bucharest, at the intersection of Mihai Bravu Road with Splaiul Unirii, under […]
UNTOLD X, the 10th anniversary edition of Romania’s largest music festival, generated more than EUR 120 million for the local economy in Cluj-Napoca and surrounding counties, according to figures released after the event. Over 470,000 people attended the four-day festival, filling hotels and restaurants to capacity and creating a significant boost for local businesses, the […]
A 70-year-old English tourist died on Saturday, August 16, due to a cardiorespiratory arrest while on a trail in Romania's touristic Bucegi Mountains. Emergency crews requested the intervention of a helicopter from the Brașov Air Operations Point in the case, helping them arrive at the scene in about 15 minutes. Once there, medical crews performed […]
Police have seized EUR 3.5 million worth of cocaine found hidden in a camper van last week and arrested two Serbian citizens suspected of trafficking the drugs through Romania. The operation, carried out by the Organized Crime Directorate – Anti-Drug Service together with DIICOT prosecutors, targeted an international network using the Balkan route to smuggle […]
Romania’s National Environmental Guard will begin using body cameras and drones in field operations after the government approved new regulations making the equipment operational, the Ministry of Environment announced. The devices, purchased through the National Recovery and Resilience Plan (PNRR), are intended to strengthen enforcement and improve transparency in environmental inspections. Environment minister Diana Buzoianu […]
