The taxation of multinationals by at least 15 pct goes into a straight line, and Romania will have to adapt its legislation to include these new taxation rules, covering also specific situations, according to an analysis made by Miruna Enache, EY Romania & Moldova Tax Partner, EY CESA Tax Markets Leader."Multinationals must be prepared: Romania, through the voice of its Minister of Finance, Adrian Caciu, begins preparations for the implementation, as of January 1, 2023, of the Directive on the minimum level of taxation. Since the administrative and compliance costs of the introduction of the Global Minimum Corporate Tax (GloBE) will be minimal, so as the Organisation for Economic Co-operation and Development (OECD) is assuring, where the Government will have to really work, will be on adapting the legislation so as to take into account all the specific situations and prepare clear rules, to ensure an easy enforcement of the European Directive," the article mentioned says.The EY Romania partner says that Romania will have to adapt its legislation to include these new taxation rules, covering also specific situations (such as micro-enterprises, the situation in which a group's entity located in Romania must apply the minimum additional tax, even if it is not a holding company, etc.). The preparation of clear rules for the practical enforcement of the new rules is extremely important (as the implementing rules for all the European legislation implemented in our country have proved to be extremely useful).
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
