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Indirect Tax Newsflash

Please find below a summary of the most recent European Court of Justice (ECJ) VAT decision.
Modified date: 7/21/2014
Publication series

Special Deduction on Restructured Loans

Emergency Ordinance no. 46/2014 amending the Fiscal Code (“the Ordinance”) has been published in the Official Journal of Romania.
Modified date: 7/17/2014
Publication series

The new Insolvency Law has been published

The Law was promulgated by the President of Romania on 24 June 2014 and was published in the Official Journal of 25 June 2014.
Modified date: 7/8/2014
Publication series

Suspension of autonomous customs duties on certain industrial and agricultural products

On 01.07.14 Council Regulation 722/2014 amending Regulation No 1387/2013 suspending the autonomous Common Customs Tariff duties on certain agricultural and industrial products was published in the Official Journal of the EU(No L192).
Modified date: 7/7/2014
Publication series

KPMG – Major progress in EU Funds absorption, although Romania is still below average by comparison to other Central and Eastern European countries

KPMG has published its latest report on European funds, aimed at providing an overview of the progress of the National Strategic Reference Frameworks near the end of the programming period 2007-2013.
Modified date: 7/2/2014
Press release

Survey of transparency in reporting by Romanian city and town halls

KPMG in Romania is very pleased to have teamed up with the Bucharest University of Economic Studies to bring you the results of this survey.
Modified date: 6/25/2014
Survey report

Study: The application of IPSAS in the Romanian public sector will increase the trustworthiness and transparency of reporting by such entities, and improve their cost and financial performance accountability

25 June 2014, Bucharest - KPMG in Romania teamed up with the Bucharest University of Economic Studies (ASE) to conduct a survey of the transparency of the decision making and reporting processes of Romanian city and town halls.
Modified date: 6/25/2014
Press release

KPMG 2012 revenues reach USD23 billion

14 december 2012, Bucharest - KPMG International (KPMG) today announced record-high combined revenues of US$23.03 billion for the fiscal year ending 30 September 2012, representing a 4.4% increase over the previous year in local currency terms.
Modified date: 6/23/2014
Press release

NTMO Attorneys at Law, the associated law firm of KPMG Legal in Romania, expands size and capabilities

28 May 2014, Bucharest - Nemoianu, Toncescu, Mihaila and Olteanu sprl promotes a a new enhanced partnership formula. The local practice has a 20 year impressive track record and is a member of the KPMG Legal network of independent law firms.
Modified date: 5/28/2014
Press release

Golf Tourism: New Opportunity for Romania? But how much does it cost to build an 18 Hole Golf course?

26 May 2014, Bucharest - The approximately 500 affiliated players in Romania have only five courses in the country for this emerging sport, out of 200 golf courses available in 2013 in Central and Eastern Europe.
Modified date: 5/26/2014
Press release
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