In the upcoming year of 2024, there will be notable changes in corporate taxation. The following are the main adjustments that will be put into effect.
Eligibility Criteria for Being Considered as a Micro-Enterprise in Romania
The most significant alterations pertain to the categorization of businesses as micro-enterprises.
CIBR INTERNATIONAL’s company secretarial department provides clients with a full suite of cost-effective company secretarial services, ensuring our clients have peace of mind that they meet the legal and administrative requirements.
In Romania, the intricacies of recruitment are shaped by a diverse linguistic landscape, with Romanian as the official language spoken by 85% of the population. Additionally, many Romanians are proficient in Hungarian, Romani, Ukrainian, Russian, and Bulgarian, and there is a growing trend among the young population to learn English, French, or German.
Is de Roemeense wereld van e-facturatie klaar om veroverd te worden?
Stop met zoeken! We zijn verheugd je onze video "E-factura in Roemenië: A Crash Course", die dient als complete handleiding voor de aanpassing aan de verplichte invoering van e-facturatie. Deze boeiende video laat mijn kennis zien en biedt een uitgebreide, stap-voor-stap uitleg over het effectief beheren van de nieuwe fiscale rapportageprocedures.
Then, one of the reasons why it is good for a foreign citizen to open his company in Romania is the one related to the wages in our country, the average income in our country is 400 euros.
Any SRL registered in Romania is recognized throughout the European Union and can conduct business in the European community and beyond.
The Official Gazette of Romania has released the SME grant scheme, which falls under the National Recovery and Resilience Plan (PNRR), offering EUR 500,000-3 million to non-IT companies in partnership with IT companies for digitization projects.
The scheme, known as "Grants to support entrepreneurs in the development of advanced digital technologies," aims to assist SMEs in implementing innovative digital technologies such as data and cloud computing, blockchain, high performance and quantum computing, the internet of things, and cyber security.
Romania has taken a significant leap toward modernizing financial transactions with the implementation of the mandatory RO e-invoicing system. Since July 2022, the system named e-Factura has become a pivotal structure in business-to-government (B2G) transactions, as well as in high fiscal-risk business-to-business (B2B) interactions. With a continuous advancement towards complete digital invoicing, January 2024 marks a landmark when all B2B transactions will require e-invoice compliance.
Please discover our near shoring assistance in Romania.
Read also:
The benefits of nearshoring company processes in Romania
Nearshoring in de IT-sector in Roemenië: Een aantrekkelijke optie voor bedrijven
Romania is an attractive destination for investors due to its strategic location, skilled workforce, and favorable business environment. However, it’s crucial to understand the tax landscape to navigate the investment process effectively. In this article, we will delve into the recent tax law changes in Romania and provide you with valuable insights.
Tax laws in Romania undergo frequent revisions to align with the evolving economic landscape and international standards. Staying up-to-date with these changes is essential to avoid penalties and optimize your tax strategy.
Having spent over two decades in Romania, our Founder Freddy Jacobs has established himself as an authority in the country. His guiding principle in Romania has always been: “In the land of the blind, the one eye is king” AND “thriving on chaos as a model to make money“. Today these elements are still valid in Romania.
Allow me to share some information with you regarding our central principles and temporary management offering:
