Reintroduction of the “Pillar Tax”
- 17 March 2025
- Posted by: cabot tp
- Category: Editorial
No CommentsAt 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.
BEFIT Proposal Directive
- 14 January 2025
- Posted by: cabot tp
- Category: Editorial
BEFIT (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
- 10 January 2025
- Posted by: cabot tp
- Category: Editorial
The Ministry of Finance proposes a draft Emergency Ordinance (EO) to support strategic investments in the manufacturing industry.
Differences between CbCr and Public CbCr
- 20 December 2024
- Posted by: cabot tp
- Category: Editorial
CbCr (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
- 18 December 2024
- Posted by: cabot tp
- Category: Editorial
On 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?
- 13 December 2024
- Posted by: cabot tp
- Category: Editorial
e-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.