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November' 2017 | Archive | Blog

Changes to the Form 112 are in Force Starting October 2017

2017-11-21

Due to the changes made to the Tax Code in Romania, the form 112 used for financial declarations has also met modifications. This is a document which needs to be filled each month with information about the social contributions of a person, juridical person, or company on behalf of the employees. Also, the tax declarations can be made once in three months, depending on the business form established in Romania and the related conditions. The new format and the additional rules can be explained by our team of accountants in Romania.

How Gifts and Bonuses are Taxed for Companies in Romania

2017-11-08

Companies in Romania have the possibility of preparing and implementing varied promotional campaigns through which they can identify new sale methods and advertising ideas. Such campaigns are usually subject to rewards or prizes which are considered taxable incomes. For a better understanding of how such revenues must be categorized from a taxation point of view, our accountants in Romania can guide you towards the legal method in order to avoid any misunderstandings.