Romanian Legal Updates Archives

Romanian Legal Updates

GD modification no. 1133/30.12.2020on establishing the work permit quota for 2021 on newly admitted employees to the labour market

Government Decision no. 1133/2020 published in the Official Gazette no. 1326 on 31.12.2020, established a total number of 25,000 of work permits that can be issued in 2021, to Non-European citizens, newly-admitted workers for the following types: permanent workers, trainees, seasonal, cross-border, highly skilled, seconded, ICT (people transferred within the same company). Considering the following: […]

Mobility

Approval of the 2021 quota for newly admitted foreign employees to the labour market

The Government Decision no. 1133/30.12.2020 sets out a total number of 25,000 work permits that can be issued in 2021 to foreign citizens belonging to other states than the EU or the EEA or the Swiss Confederation, or to foreign citizens whose free access to the labor market is established through treaties and agreements concluded […]

Romanian Legal Updates

Consignment and Call-off Stock

Where businesses keep stock locally to meet customer needs quickly, this may be classed as call-off or consignment stock. The VAT treatment of these differ and simplifications may be available. A common business practice for companies who provide regular supplies to customers is to keep inventory in a warehouse that either belongs to the customer […]

CoVid-19 Updates

Legislative changes from April 21st

During April 21st, 2020, the following normative acts were published: Order no. 935/2020 on the modification and completion of the Order of the President of the National Agency for Fiscal Administration no. 587/2016 for the approval of the model and the content of the forms used for the declaration of taxes and taxes with a […]

Payroll & HR

Guidance for UK nationals working and residing in Romania

The Romanian government announcement in response to Brexit involves the following: In view of the invocation on 29.03.2017 by UK of art. 50 of the Treaty on EU, which led to the initiation of its withdrawal from the EU, hereinafter referred to as Brexit, In the context that the withdrawal agreement negotiated between the EU […]

Romanian Legal Updates

Directive 1852/2017 transposed to the national legislation

On August 22nd 2019, Romania transposed the EU directive 1852/2017, which establishes a system that promises the elimination of misunderstandings between EU Member States regarding the application of the provisions of bilateral treaties and other international agreements of conventions. Thus, the companies will have through these new provisions an instrument that will give them a […]

Mirus News

Amendments to the Fiscal Procedure Code

– Foreclosure and Mediation procedure – On January 17, 2019, Law no. 30/2019 regarding the approval of the Emergency Government Ordinance no. 25/2018 on the modification of certain regulations, such as those concerning the approval of fiscal-budgetary measures, was published. Therefore, the Fiscal Procedure Code was directly endorsed and several amendments were brought. Thus, in […]

Romanian Legal Updates

Clawback return to be modified in two steps

The clawback tax mechanism will be changed in two steps, with the Medicines Health House’s budget first being indexed to the inflation rate and, in the second stage, revising the formula for calculating the contribution, announced , Augustus Costache, spokesman for the National Health Insurance House (CNAS). Bringing the budget up to date by updating […]

Newsletter

The obligation of using the stamp on official documents is being eliminated

Mirus News

Parties obligations under the Agency Agreement

Within the Romanian justice system, the first definition of an agent originates from the year 1946 as being “a person exclusively assigned by one or several merchants to trade or conclude commercial operation within a locality or a region, in exchange of a remuneration which bears the name of commission.” The Agency agreement is an […]