Application of the reduced VAT rate for storage batteries in photovoltaic systems – new clarifications from ANAF
- 23 April 2025
- Posted by: cabot tp
- Category: Editorial
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In the context of the energy transition and the encouragement of using renewable energy sources, the National Agency for Fiscal Administration (ANAF) has issued clarifications regarding the application of the reduced VAT rate for storage batteries used in photovoltaic systems.
Fiscal and reporting obligations for income from the use of assets in 2025
- 16 April 2025
- Posted by: cabot tp
- Category: Editorial
Starting in 2025, taxpayers who obtain income from the use of assets must pay attention to the new tax regulations imposed by the National Agency for Fiscal Administration (ANAF).
Tax changes regarding VAT in 2025. What changes does the new draft ordinance introduce?
- 10 April 2025
- Posted by: cabot tp
- Category: Editorial
The Ministry of Finance has published a draft emergency ordinance that introduces a series of significant amendments to the Fiscal Code, primarily aiming to align Romanian legislation with EU directives on value-added tax (VAT).
FASTER Directive: A step toward more efficient and secure taxation in the European Union
- 28 March 2025
- Posted by: cabot tp
- Category: Editorial
The FASTER Directive (Faster and Safer Relief of Excess Withholding Taxes) is a European Union (EU) initiative aimed at simplifying and harmonizing procedures for the relief of excess withholding tax.
Practical advice for SMEs in the current context
- 24 March 2025
- Posted by: cabot tp
- Category: Editorial
Starting January 1, 2025, small and medium-sized enterprises (SMEs) in the European Union will have to comply with new VAT rules designed to simplify compliance and enhance cross-border trade opportunities, while also presenting various challenges.
Reintroduction of the “Pillar Tax”
- 17 March 2025
- Posted by: cabot tp
- Category: Editorial
At the end of 2024, the Romanian Government approved the reintroduction of the construction tax, previously known as the “pillar tax.” Although the rate has been reduced from 1.5% to 1%, the new version introduces significant changes that may pose substantial challenges for taxpayers. The tax will be collected starting from the second half of 2025.
Fiscal education in the field of transfer pricing
- 12 March 2025
- Posted by: cabot tp
- Category: Editorial
Transfer pricing is a highly discussed topic in Central and Eastern European countries. These prices are particularly important for companies that are part of multinational groups or affiliated with other companies, as they influence tax compliance and intra-group financial flows. To avoid tax adjustments imposed by tax authorities, companies can opt for advance pricing agreements, thus offering greater financial predictability.
Are you ready for the next fiscal inspection?
- 19 February 2025
- Posted by: cabot tp
- Category: Editorial
Fiscal inspection represents a process by which authorities check whether taxpayers comply with their tax obligations. In order to avoid legal problems and to efficiently manage a fiscal inspection, companies must be well prepared.
Elimination of tax incentives for employees in IT, construction, and agriculture: an impact analysis
- 11 February 2025
- Posted by: cabot tp
- Category: Editorial
The Romanian government has recently introduced the “Trenuleț” Ordinance, a legislative measure that brings significant changes to the tax regime applicable to certain strategic sectors of the economy.
Tax Changes Applicable Starting January 1, 2025 – What You Need to Know
- 16 January 2025
- Posted by: cabot tp
- Category: Editorial
The year 2025 brings significant tax changes that will influence how companies conduct their activities and manage their tax obligations. This newsletter is designed to help you understand the new regulations and prepare accordingly.
