Through the Government decision supplementing Government Decision no. 1,174/2014 on establishing a state aid scheme for the reduction of excise duty on diesel used in agriculture, published in Official Gazette no. 218 of March 20, 2026, new essential provisions are introduced for the application of the state aid scheme regarding the reduction of excise duty on diesel used in agriculture […]
1. The Rationale Behind the Regulation of the Minimum Turnover Tax (IMCA) The Minimum Turnover Tax (IMCA) applies starting from 1 January 2024 to taxpayers whose turnover exceeds EUR 50 million, and consists of a 1% tax levied on revenues determined through a specific calculation formula—i.e. total revenues, from which certain categories of income, assets under construction, and new accounting […]
The Electronic Signature and Trust Services Law (No. 214/2024) was recently published in the Romanian Official Gazette and will come into effect on October 8, 2024. This law clarifies the legal effects of various types of electronic signatures and regulates the validity of electronically signed documents, aligning with the European eIDAS Regulation. Defining Simple Electronic Signatures A key novelty is […]
On October 22, 2023, Romania enacted a new law aimed at providing priority access to pregnant women and persons accompanying children under the age of 5. Officially published in the Monitorul Oficial no. 994 on October 19 2023, and entered into force 3 days latter, the new piece of legislation serves as a legislative acknowledgment of the “bunele maniere” (good […]
This article examines a landmark ruling by the High Court of Cassation and Justice, which addresses a critical judicial dilemma over the authority to resolve disputes in public procurement contracts. This concern has gained prominence following the recent amendments to Law no. 101/2016 by Law no. 208/2022, effective as of September 10, 2022. The Court’s decision primarily centers on assigning […]
Government Ordinance No. 43/1997 (‘Codul Rutier’), which governs road conditions in Romania, has recently undergone some amendments. The new changes, encapsulated in Ordinance No. 37/2023, aim to increase the safety of road users and raise awareness regarding restricted or closed roads. The new changes will enter into force as of 01 October 2023. Identification of Hazardous Trees The new ordinance […]
The publication of Law no. 255/2023 for the amendment of Government Emergency Ordinance no. 111/2011 on electronic communications in the Official Gazette, Part I no. 678 of July 24, 2023, marks a significant step towards enhancing the electronic communications landscape in Romania. Set to come into force on July 27, 2023, this law aims to amend and supplement existing regulations […]
This law brings amendments to the Companies Law no. 31/1990 and Law no. 265/2022 concerning the trade register in Romania. It also introduces changes to various other normative acts that influence registration in the trade register. Let’s delve deeper into the most significant amendments and their practical implications for businesses opperating in Romania. An Overview of Law no. 222/2023 Law […]
The Romanian Parliament has recently passed a new law that brings significant changes to the process of filing complaints against traffic violations. With the enactment of Law no. 254/2023, which amends Article 118, paragraph (1) of Government Emergency Ordinance no. 195/2002 concerning traffic on public roads, Romania Introduces alternative jurisdiction for traffic violation complaints aimed to create a more efficient […]
Whether we talk about obtaining permits, registering documents, or simply requesting information, the process is often riddled with “red tape” in Romania. However, a wave of change is upon us. On July 4, 2023, Law no. 9/2023* came into effect in Romania, aiming to bring simplification in the central and local public administration. A Shift Towards Simplicity The new law […]
