Tax Reform in Romania regarding Companies. Substantial Amendments brought to the Fiscal Code and Fiscal Procedure Code
Two new tax laws have entered into force on 21 December 2020, bringing over 100 substantial and nuanced modifications, some of which target fiscalisation. Law no. 296/2020 has adopted a series of amendments and completions to the Tax Code, while Law no. 296/2020 has amended and completed the Fiscal Code. The most important change for […]
What you should know before setting up a LLC in Romania?
The Limited Liability Company (known as SRL) is the most wide-spread type of Romanian company, has a limited liability before the law and is also one of the safest for the shareholders. LLC (SRL) is also the cheapest way to open a business, as the required social capital for setting up is just 200 lei, […]
