The government approved on last Thursday a draft act amending and supplementing the Tax Code, which transposes into national law certain provisions of the European Directive on the common VAT system, and which would apply from January 1, 2024."The provisions regarding the statement submission deadlines for the special regimes provided for at Art. 314, 315 and 315^2 of the Tax Code are clarified, as the last calendar day of each month is expressly established for this, even if it is a non-working day. The current version of the Tax Code stipulates that these statements can be submitted until the end of the following month, after the end of the reporting fiscal period," the Executive said in a release.The government mentions that this way, situations will be avoided where although the statement required for special regimes was duly submitted according to Romanian legislation, there was a possibility for it to be considered overdue according to the legislation of the consumer member states, and the taxable person subject to a special regime in Romania be charged interest and penalties.Also, the regulatory act repeals the provisions regarding the possibility of appointing an authorized tax representative in the case of certain categories of imports brought to Romania from a third territory."For the excise duties charged on the production of natural gas used for technological purposes, provisions similar to those applied to electricity are introduced," the release states."The transposition of this directive into national law will have a favorable impact on the business environment, because, as payment service providers keep records of cross-border payments and make them available to the tax authorities, the latter will have more information to detect e-commerce VAT fraud and to collect additional VAT," the government said.
Endava (NYSE: DAVA), a global provider of digital transformation, has been selected as a partner in the Open Cloud for Research and Education (OCRE) 2024 framework. This EU-compliant procurement framework, administered by GÉANT, the collaboration of European National Research and Education Networks (NRENs), enables European educational institutions to access innovative cloud services, fostering digital transformation […]
A new investigation from independent journalists at Recorder shows that far-right politician Călin Georgescu, who routinely accuses American-Hungarian billionaire George Soros of meddling in Romanian politics, partnered with the...
Workspace Studio, a leader in ergonomic design solutions and employee-centered design, announces solid results for 2024, with a turnover of €27 million, up 20% from the previous year. This success was driven by large-scale projects for top companies as well as numerous collaborations with medium and small firms, all benefiting from the same commitment to […]
A new study by MKOR shows that pro-Russian politician Călin Georgescu is the frontrunner in Romania’s presidential race, with 36.6% of voters favoring him in the first round. However, the data suggests that acting president Ilie Bolojan could defeat him in the runoff, where he would secure 42% of the votes against Georgescu’s 40%. Ilie […]
The City Hall of Timișoara, in western Romania, has approved the Zonal Urban Plan (PUZ) for the redevelopment of the former abattoir, paving the way for a large-scale transformation of the nearly five-hectare industrial site. The project, led by Țiriac Imobiliare through its subsidiary Goldale Real Estate SRL, will preserve the historical buildings while repurposing […]
Managing procurement within an organization can be challenging: large budgets, approval requests, complex processes, and endless administrative work that is difficult to control. Digitalizing procurement processes can radically transform this landscape. Matricia Solutions has implemented procurement projects for one of the largest...
