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Tag: VAT

the new fiscal measures

Articles, Corporate Commercial and M&A

VAT Increase in Real Estate After August 1st: Legal Implications and Solutions for Buyers

Real Estate Lawyer: The Impact of the VAT Increase on Buyers in Romania Starting August 1, 2025, the VAT regime applicable to real estate transactions underwent significant changes, with the standard rate increasing from 19% to 21%. This change has generated numerous questions and uncertainties among buyers and developers: who will bear the VAT difference, […]

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By : Aug 8, 2025 Comments Off

tax increase

Articles, Banking and Capital Markets, Corporate Commercial and M&A

Legal Analysis: VAT Increase in Real Estate – Who Pays the Difference and Who Can Take Legal Action

The Real Estate VAT Crisis: Fiscal Impact, Contractual Liabilities, and Legal Solutions Starting August 1st, a tax increase will come into effect, raising the vat rate from 9% and 19% to 21% for new residential properties regardless of their value. This change has caused unrest in the real estate market and raised numerous questions regarding […]

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By : Jul 24, 2025 Comments Off

Juridical Updates

Juridical Updates 8 March 2024

Law no. 30/2024 amending Law no. 84/1998 on trademarks and geographical indications, Law no. 129/1992 on the protection of designs and models, as well as Law no. 64/1991 on patents for invention. In Article 3 of Law no. 84/1998 on trademarks and geographical indications, republished in the Official Gazette of Romania, Part I, no. 856 […]

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By : Mar 8, 2024 Comments Off

Articles, Tax Law

Fiscal changes regarding companies in Romania in 2024

Starting in 2024, the Fiscal Code undergoes a series of modifications enacted by Law 296/2023 and Emergency Ordinance 115/2023. These changes encompass various aspects, including the method of calculating the income tax for micro-enterprises in Romania, additional conditions to qualify as a micro-enterprise in Romania, the mandatory adoption of the RO e-Invoice System and an […]

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By : Jan 5, 2024 Comments Off

laptop lawyer property law

Articles, Corporate Commercial and M&A

ANAF rejects the application for registration for VAT purposes of administrators who belong or have been part of companies with outstanding debt to the state budget

As a consequence, there were modified the criteria underlying the registration for VAT purposes, motivated by the fact stated by ANAF representatives, namely that “it is limited the access on the market for the companies with escapist behavior, and for the persons involved in networks of fraud or with a previous fiscal behavior contrary to […]

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By : Jun 11, 2017 No Comment

laptop lawyer property law

Articles, Banking and Capital Markets

The High Court of Cassation and Justice decided that the VAT deduction cannot be made if the invoice does not fulfill all of the form conditions

Thus, through the above-mentioned decision, the High Court of Cassation and Justice has determined that: “The VAT cannot be deducted, nor can the tax base required in determining the income tax cannot be diminished, in case the supporting documents presented do not contain or provide all the information provided by the legal provisions in force, […]

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By : Jun 11, 2017 No Comment

Articles, Banking and Capital Markets

New conditions for cancellation of registration of a person for VAT purposes

c) if the associations / administrators of the taxpayer or the taxpayer itself had entered into criminal tax offenses and / or acts as referred to in art. 2 paragraph (2) letter a) from the Government Ordinance no. 75/2001 on the organization and functioning of the fiscal record, republished, as amended and supplemented, as of […]

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By : Jun 11, 2017 No Comment

laptop lawyer property law

Articles, Corporate Commercial and M&A

Order establishing the criteria for conditioning the registration for VAT purposes

The taxable persons who apply for registration for VAT purposes, according to art. 153 para. (1) a) Fiscal Code, shall, on the same day of filing with the Trade Register the request for registration in the trade register, to submit to the tax authorities the form for registration for VAT purposes (form 098), according to […]

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By : Jun 11, 2017 No Comment

Articles, Banking and Capital Markets

The most important changes of the Fiscal Code starting with January 2015

Under the Project, the most important changes concern: income tax, VAT, excise duties and other special charges, income from independent activities, financing of health spending and the extension of deadlines. Regarding the income tax, the Project provides inter alia: 1. Elimination from the Fiscal Code, for taxpayers who derive income from independent activities, rental and […]

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By : Jun 11, 2017 No Comment

laptop lawyer property law

Articles, Corporate Commercial and M&A

What limit of exemption from VAT shall be applied to Companies in 2015?

According to the Decision, Romania was authorized to grant an exemption from payment of VAT for the taxable persons whose annual turnover does not exceed the equivalent in national currency of the amount of 65,000 Euros, at the exchange rate of its accession to the European Union. This Decision was approved at the request of […]

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By : Jun 11, 2017 No Comment