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May' 2015 | Archive | Blog

Registering for VAT purposes

2015-05-21

Companies that want to register for VAT purposes in Romania must complete Form 088 to justify the intent and ability to carry out economic activities. Although there are no instructions for filling the form, there are some issues companies should pay attention to when preparing the documentation for obtaining the VAT code. Our accounting firm in Romania can help you prepare any documents and obtain the VAT number.

Changes for the mandatory reporting of financial transactions

2015-05-06

The New Code of Fiscal Procedure has been adopted by the Senate and, according to the latest changes in the document, lawyers in Romania and banks will not have to report information about their clients to the Romanian National Agency for Fiscal Administration (NAFA). Certain legal provisions have been reformulated so that lawyers, notaries, accountants in Romania, tax consultants and banks will no longer have to report the transactions to their customers, as it would have been the case if the document would have been adopted in its earlier version.