PhD. Radu Catalin Pavel

Project on the approval form ” Project on the approval form from social health insurance contributions of individuals who derive income from rental and leasing”

According to the Central Fiscal Commission Decision no. 2/2015 concerning the interpretation and application of the Tax Code provisions, for the income from rental property, it is not due the social health insurance contribution by the following: – Individuals, regardless of nationality and domicile or residence, who have health insurance completed in another EU Member […]

By : PhD. Radu Catalin Pavel Jun 13, 2017 No Comment

Articles, Intellectual Property

EUCJ declares that the Commissions US Safe Harbour Decision is invalid

Whilst the Court of Justice alone has jurisdiction to declare an EU act invalid, where a claim is lodged with the national supervisory authorities they may, even where the Commission has adopted a decision finding that a third country affords an adequate level of protection of personal data, examine whether the transfer of a persons […]

By : PhD. Radu Catalin Pavel Jun 13, 2017 No Comment

Articles, Dispute Resolution

ICCJ. Unjustified refusal to process an application

The High Court finds that in this case, the arguments of the court are devoid of legal basis, in terms of its statement that no justification of the ministry was brought, regarding that the order setting the election date was not issued, as long as throughout the trial were brought evidence regarding the fact that […]

By : PhD. Radu Catalin Pavel Jun 13, 2017 No Comment

Articles, Corporate Commercial and M&A

From 1st of January 2016 the tax for certain micro enterprises will drop to 1%

So, the general quota of tax revenue for Micro enterprises will continue to be 3%, but, by exception: for Romanian legal entities new – incorporated having at least one employee, are incorporated for more than 48 months, their shareholders have not owned shareholdings in other legal entities will benefit from a tax rate of 1% […]

By : PhD. Radu Catalin Pavel Jun 13, 2017 No Comment

Articles, Banking and Capital Markets

Gift vouchers up to 150 lei will not be taxed from 2016

Thus, since 1 January 2016, the quota up to 2%, representing the limit to which are deductible from the income tax the expenditure on gifts in money and in kind included in the category of social spending , will increase to 5%, consequently increasing the amount an employer can deduct. In the category of social […]

By : PhD. Radu Catalin Pavel Jun 13, 2017 No Comment

Articles, Employment and Labour Law, White collar crime

Withholding of taxes and employees’ contributions, but not paying them to the state is no longer an offence

Art. 6 of Law no. 241/2005 provides that “is an offense and is punishable by imprisonment from one year to six years detention withholding and not submitting, intentionally, within 30 days of the due date, the amounts representing taxes or contributions.” In its arguing, the Constitutional Court ruled that the legal provisions in case are […]

By : PhD. Radu Catalin Pavel Jun 13, 2017 No Comment

Articles, Banking and Capital Markets

The tax record certificate was amended, starting on 03/09/2015

This Ordinance repealed the previous regulation regarding the fiscal record certificate, respectively Government Ordinance no. 75/2001 on the organization and functioning of the fiscal record certificate, bringing important changes to it. Tax record is a means of recording and tracking the compliance with fiscal discipline, accounting and financial by taxpayers, which keeps track of individuals, […]

By : PhD. Radu Catalin Pavel Jun 13, 2017 No Comment

Articles, Banking and Capital Markets

The new Fiscal Code passed the Parliament and will be sent to promulgation

The Law Project on the new Fiscal Code was sent for the second time to the Parliament, at the request made by the President of Romania, after the first adoption, by request for review. The request for review was endorsed by the Committee for Budget, Finance and Banks of the Chamber of Deputies, being introduced […]

By : PhD. Radu Catalin Pavel Jun 13, 2017 No Comment

Articles, Dispute Resolution

The procedure for applying for compensation from Astra Insurance Reinsurance Company

In this situation, the creditors of the insurance policies (insured person, the insurance beneficiary or injured person) may apply for direct payments from the Guarantee Fund of Policyholders (GFP), which aims to protect the insurance creditors from the consequences of insolvency of an insurer entered into bankruptcy. The main destination of the amounts, available to […]

By : PhD. Radu Catalin Pavel Jun 11, 2017 No Comment

Articles, Employment and Labour Law

The Labor Code was adopted on 03.09.2015, as a result of a citizens’ legislative initiative

The document, which passed the verification of the Constitutional Court, provides flexible and more balanced labor relations between employees and employers. Among the main changes included in the project are changing the individual labor agreement, amending the duration of leave and bonuses for extra work. According to the explanatory memorandum to the legislative initiative, among […]

By : PhD. Radu Catalin Pavel Jun 11, 2017 No Comment

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Author: PhD. Radu Catalin Pavel

EUCJ declares that the Commissions US Safe Harbour Decision is invalid

ICCJ. Unjustified refusal to process an application

From 1st of January 2016 the tax for certain micro enterprises will drop to 1%

Gift vouchers up to 150 lei will not be taxed from 2016

Withholding of taxes and employees’ contributions, but not paying them to the state is no longer an offence

The tax record certificate was amended, starting on 03/09/2015

The new Fiscal Code passed the Parliament and will be sent to promulgation

The procedure for applying for compensation from Astra Insurance Reinsurance Company

The Labor Code was adopted on 03.09.2015, as a result of a citizens’ legislative initiative

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