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 City Hall, through the General Directorate of Social Assistance of the City of Bucharest (DGASMB), and UNICEF Romania inaugurated on Thursday, April 18, a new integrated social services unit for vulnerable children in the capital city. The Respiro center for children with disabilities and their families, named The Magical Rainbow, will provide free services such as […]
Document 56, a Romanian short feature by Christopher Landry, will have its world premiere at The Beverly Hills Film Festival, where it has been chosen in the Official Selection. The event’s 24th edition is scheduled for May 1-5. Director Landry and composer Călin Țopa will be in attendance for the BHFF screening. The Romanian short […]
The Easter Fair in Bucharest might have been canceled, but the public can still visit two Palm Sunday fairs hosted by the museums dedicated to village culture, while many cities in the country host Easter fairs with ample programs. Palm Sunday Fair @ Dimitrie Gusti Village Museum in Bucharest April 26 – April 28 The […]
The Romanian fencer Vlad Covaliu recently won the junior men’s sabre world title in the individual event at the World Cadets and Juniors Fencing Championships in Riyadh, Saudi Arabia. Covaliu had a perfect run in Riyadh, where he achieved seven consecutive victories. In the quarterfinals, he defeated American Cody Walter Ji 15-12; in the semifinals, […]
Spark Generation, the international online high school based in Cluj-Napoca, invites secondary schools and high schools from Romania with an interest in innovative learning and teaching methods to register on their online learning platform until the 1st of June 2024 for unlimited and free access to a variety of Cambridge-accredited academic, Wellbeing,...
Romania's president Klaus Iohannis will be on an official visit in South Korea from April 22 to 24, at the invitation of president Yoon Suk Yeol. The trip will debut on Monday with a wreath-laying ceremony at the Seoul National Cemetery and an informative tour of Panmunjom (Joint Security Area) in the Demilitarized Zone. The […]
