The government approved, in Monday's meeting, an ordinance that stipulates measures in support of the HORECA sector, of the economic environment, finalized as a result of the Government's dialogue with the representatives of the activity sectors, informs a press release sent by the Executive."Thus, for the HORECA sector, which is facing a lack of liquidity, it was established the exemption from the payment of the specific tax due by economic operators for a period of 180 days, calculated from the date of entry into force of this ordinance. At the same time, the mechanism for recalculating the specific tax due was stipulated, in the sense of deducting this period of 180 days from the total of 365 days of the fiscal year," the release shows.According to the cited source, the normative act also provides regulations regarding the flexibility of the conditions for accessing the payment rescheduling.Another novelty, according to the Executive, is the termination of the declaratory obligations for the entities that have registered in the trade register the reference to the temporary inactivity or for those that have suspended the activity, during the period of inactivity or suspension of the activity."The measure aims to reduce the administrative burden on taxpayers who currently maintain their reporting obligations or may obtain a derogatory declaration regime if they so request, if they have entered inactivity in the trade register or have suspended their activity (such as the free professions)," the release further mentions.An amendment to the Fiscal Code envisages the establishment of the obligation of public notaries to declare the transactions from the transfer of the property right and its dismemberments located under the non-taxable ceiling of 450,000 lei.
Romania will join the Schengen Area with its land borders starting January 1, 2025, according to Romanian prime minister and Social Democrat (PSD) leader Marcel Ciolacu, who was on a visit to Brussels on Monday, November 18. The Romanian PM said during an interview that the decision regarding Romania’s accession with land borders will be […]
Exorigo-Upos, the Polish company that provides IT technology solutions for the retail sector, is preparing to take its presence in Romania to the next level by establishing an innovation hub in Bucharest. The new center will focus on developing and testing cutting-edge technologies tailored to the Romanian market, in line with the company’s long-term strategic […]
Eva and Victor, ages 16 and 17, respectively, will advocate for climate action as members of Romania's delegation at the United Nations Conference on Climate Change – COP29, held in November 2024 in Baku, Azerbaijan. The two teenagers also have clear roles in the conference. Victor, for example, will co-moderate the Climate Youth Forum, where […]
Natural gas producer Romgaz (SNG), a company in which the majority stakeholder is the Romanian state, listed on Tuesday, November 19, its first corporate bonds amounting to EUR 500 million on the Bucharest Stock Exchange. The bonds, also listed on the Luxembourg Stock Exchange since the beginning of October 2024, are part of a tranche […]
The Bucharest Court of Appeal ruled on Tuesday, November 19, to return the case involving Andrew and Tristan Tate to prosecutors at DIICOT, citing several irregularities. The judges also decided to remove several pieces of evidence and statements from the file, according to
Program empowers women in Romania to step into management or advisory board roles Offering actionable advice for women in businesses seeking strong governance Supporting EU gender diversity targets with inclusive leadership programs The European Bank for Reconstruction and Development (EBRD) celebrates Women’s Entrepreneurship Day on 19 November 2024 by highlighting the EBRD Women on Boards […]
