The fight against tax evasion cannot be seriously discussed without addressing the issue of inactive companies, and for this reason, we are bringing all these companies to light and forcing them either to declare their activity again or be dissolved, liquidated and struck off, said Finance Minister Alexandru Nazare.'We cannot seriously talk about combating tax evasion without authentically addressing the situation of inactive companies in Romania. It is time to dismantle this cover behind which over 460,000 inactive companies have been hiding. It's not fair. It's not fair to the taxpayer who meets their obligations to the Tax Authority to have so many companies ignoring theirs, operating under the radar and carrying out all sorts of evasion and fraud schemes without proper control. We are bringing all these companies to light and requiring them, within a period of one month and three months, either to declare their activity again and operate legitimately or be dissolved, liquidated, and struck off, because we must impose order in the way we treat these companies, especially for those who behave correctly. For all companies that act correctly,' Nazare said in a video message posted on his Facebook page.The minister stressed that over 120,000 of the inactive companies have debts amounting to 3.5 billion lei, and nearly 300,000 have been inactive for over five years.'We cannot build a fair economy as long as phantom companies block the market and create unfair competition for entrepreneurs who work hard and pay their taxes on time. Therefore, in the second package of measures, we are proposing new criteria for declaring a company inactive - such as not having a bank account and failing to submit annual financial statements within the legal timeframe - as well as limiting the period during which a company can remain inactive (a maximum of one year for fiscal inactivity, and a maximum of three years for voluntary inactivity),' the minister of Finance added on the social media platform.
Warner Bros. Discovery announced a new partnership with Edenred Romania, allowing users of the Edenred Benefit platform to subscribe to HBO Max directly through their employee benefits account. The collaboration aims to make premium entertainment more accessible to employees across Romania, the companies said. Starting October 10, Edenred Benefit users...
This year’s pilgrimage occasioned by the feast of Saint Dimitrie the New, Protector of Bucharest, will take place from October 19 to 29. The event is one of the most significant for the Romanian Orthodox Church in the capital. The faithful will be able to venerate, aside from the Holy Relics of Saint Dimitrie the […]
Classic Unlimited, the well-known organizer of classical music concerts in Romania, announced the launch of a new series of events dedicated to babies, pregnant women, and families, named Classic for Babies. Concerts with interactive sessions will take place in Cluj-Napoca (November 9), Sibiu (November 3), and Târgu Mureș (November 7), with two sessions per day, […]
More than one in three children in Romania, roughly 1.25 million, live in poverty, and the percentage rises dramatically to 75.8% for those whose parents have a low level of education, according to 2024 Eurostat data cited by Save the Children Romania. Children in rural areas face a much higher risk of poverty or social […]
Wizz Air has expanded its base at Timișoara International Airport, in western Romania, by adding a third aircraft and launching five new routes this month. The expansion marks another milestone for the carrier, which has transported more than nine million passengers to and from Timișoara since beginning operations there in 2008. Starting this week, passengers […]
Tech giant Apple announced a major expansion of its clean energy projects across Europe with new large-scale solar and wind farms under development in Romania, Greece, Italy, Latvia, and Poland. The local project is located in Galați County. Together with a newly operational solar array in Spain, the projects announced on Tuesday, October 14, will...
