Amortization/Depreciation of fixed assets
Published on Jan 2, 2014

In Romania the amortization regime for fixed assets is as follows: for buildings the straight line method of depreciation is applied; for technology, equipment, tools and facilities like computers, the company has the choice between straight line, accelerated or declining balance method of ...

Deducting loan interest
Published on Dec 23, 2013

In Romanian tax law, interest charges are integrally deductible provided that the debt ratio is less than 3. The debt ratio is the ratio of total debt and total assets (averaging the values from the beginning and the end of the financial year). → If the debt ratio is less than three, all ...

Registry intra-communitary operators
Published on Oct 28, 2013

Companies which carry out intra-communitary acquisitions/deliveries/services must be listed in the Registry of intra-communitary operators. As of August 2010, all companies which plan to carry out intra-communitary acquisitions/deliveries/services must be registered in the Registry of ...

Can I use “Romania” in my company name?
Published on Oct 24, 2013

All companies which want to use the term 'ROMANIA' or any variation thereof in their company name must submit a formal request with the General Secretary of the Romanian Government through the intermediary of the Registry of Commerce. Authorization is granted if: The company is an ...

9 essential recommendations to directors of Romanian companies
Published on Oct 14, 2013

The Romanian government carries out various controls on companies located in its territory. The following is a check list of 9 important tasks to be completed to aid managing directors of companies in Romania to successfully pass these governement controls. In a study of 72 controls carried out ...

New Romanian fiscal code for 2013
Published on Oct 11, 2013

New Romanian fiscal code for 2013Tax and accounting law for Romanian companies – new Romanian tax regulationsChanges to Romanian fiscal code applicable to 2013Expenses linked to amortization of company vehicles which have fewer than 10 seats are limited to the tax plan of 1,500 RON/ month per ...

Minimum flat tax
Published on Oct 8, 2013

The minimum flat tax was repealed by the Romanian government as of October 1, 2010. It is probable that a minimum flat tax could be reinstated in Romania for the new year (2014), but only for the sectors which are more prone to tax evasion such as bars, restaurants, hair salons, car mechanics ...