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.
Cushman & Wakefield Echinox reported that over 1 million square meters of new office space have been leased across Romania in the past five years, with the IT sector remaining the dominant driver of the market. According to the real estate consultancy firm, the demand for office spaces has been primarily generated by IT companies, […]
Romania has received over EUR 100 billion in EU funds since joining the European Union in 2007, according to Marcel Boloș, minister of investments and European projects. The community funds have been invested mainly in infrastructure and community development. Thanks to the EU money, nearly 900 km of highways and express roads have been built in […]
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s presidential elections, remains under judicial control after a decision made by the District 1 Court on Thursday, March 6. The ruling is final, according to local news agency Agerpres. Georgescu
One Eye Laughs, the Other Weeps. Romanian Art in the Ovidiu Șandor Collection, an exhibition gathering works by over 60 Romanian artists, is set to open at the International Center for Culture in Krakow (MCK) as part of the Romania-Poland Cultural Season 2024-2025. The exhibition, open between March 8 and July 20, spans works from […]
The Dutch judiciary has extended by 90 days the detention of the 26-year-old man suspected of involvement in the theft of the Coțofenești helmet and the Dacian gold bracelets from the Drents Museum. The four artefacts, valued at EUR 5.8 million, have not yet been recovered. Several archaeological pieces from the Dacia - Empire of Gold […]
The European Court of Human Rights (ECHR) has unanimously declared inadmissible the case brought by Călin Georgescu, a former ultranationalist presidential candidate, regarding the annulment of Romania’s 2024 presidential...
