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).
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
A landmark exhibition of works by the iconic photographer and war correspondent Lee Miller has opened at The King’s House in Viscri, in central Romania’s Brașov county. Titled Lee Miller’s Romania, the exhibition is billed as “the most extensive presentation of her work ever held in the country.” Miller, the war photographer and muse of […]
Boracay’s white sandy beaches and stunning sunsets make it a top destination for travelers of all ages, including seniors looking for a relaxing getaway. While the island is known for its vibrant nightlife and water activities, it also offers many accommodations tailored to older visitors. Senior-friendly hotels in Boracay prioritize comfort, accessibility, and convenience, ensuring […]
AmCham Romania, the business association gathering 600 American, international, and Romanian companies, has called for "responsibility and dialogue, essential to prevent an irreversible decline in investor confidence in Romania." The call comes "in the context of economic turbulence built up over the years and amplified to a worrying level by the prolonged electoral period." "Romania's […]
1664 Blanc, the super-premium French beer known for its elegant taste and unforgettable style, is capturing the attention of Romanian consumers with a refreshed presence: a bold spirit that celebrates the courage to live with style and that unmistakable Oh là là — now also available in a 0.5L can. This new packaging targets the […]
Romania and the Netherlands will establish a joint center for training Ukrainian technical personnel for F-16 fighter jets at the Fetești Air Base, in southern Romania. The new center was announced by Dutch defense minister Ruben Brekelmans, in a social media post. "The Netherlands and Romania are training F-16 pilots for Ukraine and Romania. We […]
