September' 2016 | Archive | Blog
Small and medium-sized companies participating in public actions no longer benefit from the reductions that would have been applicable to them in these case, according to their turnover. The guarantee for participation and the guarantee for compliance were also abolished. The recent changes were included in a legislative document that was published in the Official Gazette. Our Romanian accountants are able to tell you more about these obligations.
The Chamber of Deputies approved the legislative project that will introduce a new type of flat tax starting with 2017. This type of tax will apply only to certain types of businesses, including those companies that operate in tourism and/or accommodation, restaurants and bars. Our Romanian accountants can give you more information about this tax, including how it will influence the current applicable reporting requirements.