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.
The Atlantic Council will honor Romanian president Klaus Iohannis with the Distinguished International Leadership Award for his remarkable career, exemplary leadership of Romania, and his transatlantic and European leadership role. The Atlantic Council’s Distinguished Leadership Awards are often referred to by media as “the Washington Oscars.” Among the honorees are a European head of state, […]
The colorful rapeseed fields in the southern part of Romania have been photographed by NASA from a satellite and featured in an accompanying article titled “Golden Fields in Romania.” The spectacular images were taken last month above the area where the Olt River intersects with the Danube. According to the article, NASA personnel were impressed […]
UiPath, an AI-based company founded by Romanian entrepreneurs and listed on the New York Stock Exchange in 2021, has recruited Raghu Malpani as Chief Technology Officer. Malpani, who was Corporate Vice President at Microsoft for the Microsoft 365 Application and Data Platform will report to the Director of Innovation and the Executive President of UiPath, […]
Production and new orders rise after nine straight months of decline Business confidence picks up, while hiring is back on the agenda Cost inflation eases and selling prices rise only fractionally An improvement in the health of the Romanian manufacturing sector was signalled for the first time in the survey's history, according to the latest […]
Raiffeisen Bank Romania continues its growth strategy in personal financial planning, up 50% in the first quarter of the year in the segment of investment plans, voluntary pensions and life insurance with a savings component. At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking […]
Road crews have begun snow removal on Romania’s spectacular mountain road known as Transfăgărășan. Since there is less snow than in other years, the road could be opened much earlier than the usual date of July 1, according to authorities. Transfăgărășan, Romania’s second-highest road after Transalpina, is being cleared of snow so it can be […]
