Pavel Margarit & Associates
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 […]
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 […]
This Ordinance repealed the previous regulation regarding the fiscal record certificate, respectively Government Ordinance no. 75/2001 on the organization and functioning of the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, […]
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 […]
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 […]
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 […]
In the present case subject to the Decision, given that through the claim the plaintiff requested solely the absolute nullity for (i) lack of legal object, (ii) noncompliance with art. 98 of Law no. 31/1990 and (iii) noncompliance with Articles of Association with respect to obtaining the shareholders consent for the transfer of shares, the […]
In the sample of risk are included individuals with a fortune displayed significantly (real estate, luxury cars and other high value items, receivables from lending to companies and / or individuals, significant deposits in bank accounts in Romania or abroad, high personal expenses) unjustified by the declared income. According to the provisions of Chapter III […]
The social economy contributes to the development of local communities, creating jobs, involvement of persons belonging to vulnerable groups stipulated by this law, in social activities and / or economic activities, facilitating their access to community resources and services. By this law there were established two new types of legal entities, respectively social enterprises and […]
According to the said Order, if the legal representative of the taxable person presents to the tax authorities, but does not provide accurate and complete data on the information required and does not clarify the intent and ability of the taxpayer to carry out economic activities involving operations from the scope of VAT, the compartment […]
