Editorial
Reintroduction of the Car Tax for Polluting Vehicles
Read moreIn the context of the commitments made through Romania’s National Recovery and Resilience Plan (PNRR), Romania is preparing to reintroduce a car tax for polluting vehicles.
Application of the reduced VAT rate for storage batteries in photovoltaic systems – new clarifications from ANAF
Read moreIn 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
Read moreStarting 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?
Read moreThe 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
Read moreThe 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
Read moreStarting 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”
Read moreAt 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
Read moreTransfer 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?
Read moreFiscal 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
Read moreThe 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
Read moreThe 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.
BEFIT Proposal Directive
Read moreBEFIT (Business in Europe: Framework for Income Taxation) is a proposal by the European Commission, launched on September 12, 2023, aimed at creating a unified corporate income tax system within the European Union.
Support Measures for Investment Projects in the Manufacturing Industry
Read moreThe Ministry of Finance proposes a draft Emergency Ordinance (EO) to support strategic investments in the manufacturing industry.
Differences between CbCr and Public CbCr
Read moreCbCr (Country-by-Country Reporting) and Public CbCr are important tools for enhancing the fiscal transparency of multinational companies. They show how revenues, profits, and other financial information of corporate groups are distributed across different countries.
Last-minute fiscal changes effective January 1, 2025
Read moreOn Thursday, December 5, 2024, Emergency Ordinance no. 138/04.12.2024 was published in the Official Gazette no. 1222, introducing clarifications and amendments to RO e-Invoice, RO e-VAT, and RO e-Transport, as well as changes to the Fiscal Code and the Accounting Law.
e-Factura: What is it and how will it work for individuals?
Read moree-Factura is an electronic platform developed by ANAF (Romanian tax authority) that centralizes all issued invoices into a database. Its primary aim is to enable authorities to monitor economic transactions in real-time, thereby reducing tax evasion.
Case study: how ElectroPower manages its transfer pricing
Read moreIn brief, transfer pricing refers to the prices at which companies within the same group sell products, provide services, or offer loans to each other. These prices must resemble those used between independent companies—essentially, they should reflect a “fair market price.”
CBAM Reporting: Carbon Border Adjustment Mechanism
Read moreThe European Union has introduced the Carbon Border Adjustment Mechanism (CBAM) as part of its strategy to reduce carbon emissions, targeting imports of carbon-intensive goods.
Quick Guide to RO e-TVA: Simplifying taxation or a headache?
Read moreThe ordinance introduces a significant novelty: the extension of tax benefits for research and development (R&D) activities to companies that are now required to pay the minimum turnover tax (MTT).
The new special consignment note for cash & carry traders – What companies need to know about its use
Read moreThe new document, called the special notice to accompany the goods, is mandatory for all traders operating in the cash & carry regime
Case Study: Application of the Net Margin Method in Transfer Pricing in a Multinational Electrical Industry Group
Read moreThe net margin method (TNMM) is one of the methods approved by the OECD guidelines
Tax amnesty – new provisions
Read moreThe rules regarding the tax amnesty established by GEO 107/2024 have already been modified by GEO no. 112/2024, applicable starting from September 25, 2024
Tax amnesty through Emergency Ordinance no. 107/2024
Read moreEmergency Ordinance no. 107/2024 introduces the following fiscal measures for all categories of taxpayers
Case Study: Application of the Net Margin Method in Transfer Pricing in a Multinational IT company
Read moreTransfer pricing is central to the management of intra-group transactions for multinational companies
Implementation of „Pillar 2” in Romania
Read moreOn January 8, 2024, Law 431/2023 entered into force, transposing the provisions of Directive 2523/2022 into the national legislation of Romania
Notice of Compliance
Read moreAccording to the strategy of the National Fiscal Administration Agency (ANAF), collection efficiency will improve by supporting fiscal compliance, with particular emphasis, and by combating fiscal evasion
The Resale Price Method
Read moreThe resale price method is mainly used by companies whose operational profile includes marketing and distribution activities
Functional analysis of intra-group transactions
Read moreAs mentioned in the OECD Transfer Pricing Guidelines, the functional analysis according to the essential determination and presentation of relevant information about the company
Major news in e-Transport, from July 1: The system is massively expanding, with new types of transport that will have to be reported
Read moreThe application of the e-Transport system would be significantly expanded starting in July, as it appears from an draft order from ANAF
«Pillar 2» legislative project
Read moreLaw 431/2023 was published on December 29, 2023 on ensuring a global minimum level of taxation of multinational enterprise groups and large national groups
Net margin method
Read moreThe net margin method is one of the most widely used transfer pricing assessment methods
Price comparison method
Read moreThe transfer pricing comparison method is a commonly used method for assessing transfer prices for transactions between related entities
Advance price agreements
Read moreAdvance pricing agreements are tools used in transfer pricing to avoid disputes between taxpayers and tax authorities regarding the correct assessment of transfer pricing
Fiscal control risks generated by transfer pricing
Read moreIn recent years, in the framework of fiscal controls carried out at the level of companies in Romania, increased attention has been paid to the verification of the transfer pricing file
Choosing a transfer pricing tax consultant
Read morePreparation of the transfer pricing file, the appeals, the preparation of the comparability studies must be prepared by a specialized tax consultant
Contribution to Pillar II of pensions
Read moreCurrently, an employee contributes monthly to social insurance (CAS) with a percentage of 25% of his gross salary
Changes to the Fiscal Code
Read moreOn the website of the Ministry of Finance, on September 19, the Draft “LAW on some fiscal and budgetary measures to ensure the financial sustainability of Romania in the long term” was published
People who matter: Marian Ciobanu
Read moreThey say that people don’t change, they just become more and more what they really are, and Marian is the example that confirms the thesis
CABOT @ Tax Eu Forum 2023
Read moreThe Cabot Transfer Pricing seminar at the Tax EU Forum was a real success
Stronger Together
Read moreWe have chosen to join the Narada cause in their endeavour to make Romanian Schools safe by investing in infrastructure solutions, furniture, technology and more
CFO Conference, September 20, 2021
Read moreOn Monday, September 20, I took part as a BusinessMark speaker at one of the annual events already on the public agenda – CFO Conference
We are CABOT. Right on Point.
Read moreThe time has come for our image to accurately reflect what we already embody in our day-to-day practice – speed, efficiency, precision.