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Type: KPMG information
Date: 7/19/2011

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International Mobility Seminar

19 June 2013, Cluj Napoca - KPMG in Romania’s People Services Team invite you to a conference to discuss a number of issues relating to international mobility of employees.

New road toll in Hungary

According to a press release published last week in Hungary, starting from 1 July 2013 a new road toll will be introduced in Hungary.

Procedure for the implementation and administration of a fiscal group

Order no. 607 dated 29 May 2013, to approve the Procedure for the implementation and administration of a fiscal group, as well as to approve model and content of certain return, has been published in the Official Journal of Romania no. 345.

Continuous progress on sustainability reporting and external assurance of reports

The publication “Carrots and Sticks (Sustainability reporting policies worldwide – today’s best practice, tomorrow’s trends)” is a result of expert inputs from four core partners.

Higher thresholds for direct public procurement

The Draft law sets forth a number of measures whose main purpose is the adoption of an appropriate legal framework aimed at streamlining and simplifying the public procurement system.

Taxation of non-residents - News and practical issues

12 June 2013, Cluj-Napoca - KPMG in Romania is organizing a seminar on international tax on 12 June 2013 in Cluj-Napoca.

Legislative changes with a significant impact on renewable energy projects

Government Emergency Ordinance 57/2013 to amend Law 220/2008, on the establishment of the promotion system for the production of energy from renewable sources, has been published in the Official Journal of Romania (nr. 335/7.06.2013).

New rules on inspection of beneficiaries financed from external non-refundable funds

Government Emergency Ordinance no. 47/2013 on measures in the field of structural funds with an impact on direct beneficiaries financed from external non-refundable funds.

How digitalized data and technology are transforming the traditional approach of Credit Risk Management

In the development of business relationships, setting the conditions for payment terms forms a substantive component of the negotiation

New rules for territorial-administrative units in financial crisis

Government Emergency Ordinance no. 46/2013 on the financial crisis and insolvency of territorial-administrative units has been published in the Official Journal of Romania no. 229 of 24.05.2013.

Legislative changes regarding penalties for late payment and payment schedule adjustments of tax liabilities

We list below the most important changes made to the Fiscal Procedure Code and to GEO 29/2011.

Provisional anti-dumping duties on imports of solar panels originating in or consigned from China

Thus, starting from 6 June 2013 and until 5 August 2013, a provisional anti-dumping duty of 11.8% will apply on imports of solar panels originating in or consigned from China, regardless of the vendor.

Changes to the entry value of fixed assets

Government Decision to establish the minimum entry value of fixed assets has been published in the Official Journal of Romania.

More flexible short-stay visa regime for Chinese nationals travelling to Romania for business purposes

On 3 April 2013, the Romanian Government approved a Memorandum, which eases the visa regime for Chinese nationals travelling to Romania for business purposes.

Law approving GO 8/2013 published

We list below the most important changes that the law makes to the Fiscal Code and to the Fiscal Procedure Code.

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