ROMANIA
Romanian companies of all sizes are required to draw up a monthly balance sheet1. The purpose of the monthly balance sheet is to enable the amounts contained in the accounts to be verified each month, in order to ensure that all the accounting transactions are correctly and completely ...
There is a specific procedure to dispute an electronic invoice (E-invoice) submitted in the Virtual Private Space (SPV).Procedure for Disputing an Electronic Invoice (E-Invoice)1. Invoice Identification : In the notification message, the invoice recipient must clearly identify the invoice being ...
Since July 1, 2024, all Romanian companies must use a system called "e-Invoice" to issue and manage their invoices in their dealings with partners in Romania. Issuance: The invoice is created on a computer and electronically signed with the digital certificate issued by an ...
The RO e-Transport system is a digital platform used to control the transportation of goods in Romania. This system allows for the tracking of goods, ensuring that all transports comply with Romanian fiscal and commercial laws. As such, this system also applies to foreign companies transporting ...
Romania is a country where social security contributions are rather expensive. Social charges are calculated on the gross monthly salary and are paid to the National Tax Administration Agency, located in Bucharest. The calculation of social charges was profoundly modified in 2018 since a reform ...
How to incorporating a Romanian Company without Having to Travel
Expertise
Précis de droit comptable et aspects fiscaux
April 2023, publication of the new edition of the Précis de Droit Comptable, by Denis Colin, manager of the Fiduciaire LPG