On 4th June, the Court of Justice of the European Union issued decision C-430/19, having an impact on the area of practice of tax inspections. Basically, in this way it was established that it is excessive on the part of the Tax Office to request other supporting documents besides the invoice, in order to benefit […]
The Schengen visa is one of the most famous visas in the world, granting to its holder the possibility of traveling to 26 European countries, 22 of them part of the European Union. The number of Schengen visa applicants has been steadily increasing every year. Currently, travelers from 104 countries and entities need to obtain […]
On 15 May 2019, the European Court of Justice published a ruling in the case of Vega International. This case is likely to, once again, create considerable uncertainty regarding the VAT treatment of fuel supplies carried out using fuel cards. The ECJ has reclassified the supplies and now regards this form of transaction as a […]
As of April 5th, 2018 Romania, becomes a Participant in the Development Assistance Committee. As a provider of substantial concessional finance for development co-operation and humanitarian aid, Romania will contribute to the DAC’s discussions and work on key development and humanitarian issues. Integrating Romania’s experience and perspectives will help strengthen the DAC’s capacity to inform […]
As we all know, starting with May 25th, 2018, General Data Protection Regulation (G.D.P.R.) will come into force and will impose stricter rules on how companies can store and use personal information of their employees. In the following lines we will detail the obligations of the companies, namely of human resources departments to comply with […]
The European Commission has today proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs flourish. Today’s proposals are the final steps of the Commission’s overhaul of VAT rules, with the creation of a single EU VAT area to […]
Compared to the current Directive 95/46 / EC transposed into Romania by Law 677 / 2001, G.D.P.R. presents: Determination of the scope for which data is processed; Elimination of the current notification mechanism of the national authority (NSAPDP) and introduction of the accountability principle – the operator must be able to demonstrate that it complies […]
With the advent of EU Regulation 2016/679, traders who have an online business have a number of new obligations regarding the processing of their customers’ personal data. This responsibility of online stores is far more extensive than Law 677/2001, which will be repealed by the New Regulation on 25.05.2018. One of the most important changes […]
Markus J Beyrer, Director General of Business Europe, has expressed concerns about the proposed introduction of a European Union turnover tax on digital businesses.On September 21, the European Commission launched a new agenda to ensure that the digital economy is taxed “in a fair and growth-friendly way.” This could lead to the announcement of new […]
The European Commission is set to release a report this week on corporate tax reform. According to news reports, it will recommend that the European Union make unilateral changes to the way its members tax large international companies. If these reports are accurate, European leaders should reject the report’s proposals. Unilateral action would shackle Internet companies in […]
During the autumn meeting of the VAT Club, held on the 22nd of September in Vienna who was attended by our VAT Partner Raluca Tutu, one of the main topics of discussion was the ruling of the EU Court of Justice on Aviva case, which brought to much rumours and chaos within Cost Sharing Groups. […]
Moreover, on June 9th, 2017, Romania adopted Law no. 124 through which it became an associate member of the OECD’s BEPS plan, thus becoming part of the group of countries aimed at discouraging aggressive tax practices and limitation to total elimination of the processes of erosion of the tax base and / or the artificial […]
Causes and effects of tax evasion The tax evasion is determined by the action of various factors, the most important being: the existence of tax legislation with gap, inconsistences, ambiguities, flaws and repeated changes; misunderstanding of the tax authorities of the reasons that determine the tax payer to evade the tax system; the existence of […]
Moreover, there will be a database through which tax authorities within the Member States of the European Union will exchange this information every three months. Thus, the information will warn them in advance of the new risks of circumvention of tax obligations. In this respect, all categories of direct taxes, including income, profit, capital gains […]
The main scope of the Regulation is to adapt and update the main objectives and principles established by the Directive 95/46/EC, which shall remain valid, in line with current technological developments. The Regulation establishes a unique set of rules, directly applicable to all EU member states, designed to protect the privacy of individuals more effectively […]
to transpose a series of tax treaty measures from the OECD/ G20 BEPS Package into existing bilateral and multilateral tax agreements and to set a new standard for mandatory binding arbitration in relation to resolving double tax disputes. Implementation of the October 2015 Final BEPS Package requires changes to the OECD and United Nations (UN) […]