Romania's government approved new regulations on Thursday, via ordinance, establishing a global minimum tax for multinational and large national corporate groups.According to a government press release, the measures are expected to positively impact the business environment by reducing the risk of misinterpretation of rules on additional or national top-up taxes, thereby lowering taxpayers' compliance costs.The normative act also addresses the obligation to update Law no. 431/2023, which transposed EU Directive 2022/2523 on ensuring a global minimum tax for multinational and large national corporate groups, following the observations received during the provisional self-assessment of national regulations implementing the Model Rules (transitional qualification mechanism based on self-certification) established by the OECD."In its ongoing effort to address unfair tax practices that may arise from profits not being taxed where value is created by large multinational corporate groups, the OECD has, since 2015, developed a series of 15 actions aimed at discouraging aggressive tax practices (the BEPS measures). These actions have led to the adoption of concrete measures in the field of international taxation in the subsequent periods," further reads the press release.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
