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December' 2017 | Archive | Blog

New Rules Linked to the VAT Certificate Renewal

2017-12-22

In Romania, there are certain cases in which a company may lose the legal right to operate in the country. The VAT certificate which represents the main proof that a company is registered accordingly may not be attributed to businesses which had a temporarily closed activity. The good part is that companies can get back on the market if they respect several rules which can be explained by our accountants in Romania.

Companies in Romania to Conduct the Annual Inventory of Assets

2017-12-05
Since 1991 when the Accounting Law was enforced in Romania, all companies with establishments in the country, alongside with sole proprietors must make an inventory of the assets, liabilities, and equities. This mandatory rule must be considered in cases of company liquidation, at the beginning of the activities and any other situations which can be entirely explained by our accountants in Romania.