Judicial Courier

Government assigns EUR 23 million to local election campaign

Luminita Chitoran — Wed, 02 May 2012 12:18:07 +0000

The Romanian Government has decided to assign around EUR 23 million (RON 100 million) to campaigns for the local election to be held this year on June 10, almost 30 percent more than the RON 66 million allocated in 2008.

Quick Legal Guide on How to Ensure your Down Payments in International Purchases
Quick legal guide on how to ensure your down payments in international purchases
Quick Legal Guide on How to Ensure your Down Payments in International Purchases

Agricover Credit IFN has EUR 12.5 million for farmers

Luminita Chitoran — Wed, 02 May 2012 12:16:54 +0000

Agricover Credit IFN, part of Agricover group and the only financial division specialized exclusively on agriculture, signed a financing agreement worth EUR 12.5 million with The International Finance Corporation (IFC), member of the World Bank Group.

Law to combat domestic violence updated

Luminita Chitoran — Wed, 02 May 2012 12:00:54 +0000

Following recent demonstrations over domestic violence against women, President Traian Basescu signed a decree bringing into force modifications and updates to Law 217/2003 against domestic violence, according to a presidential spokesperson.

PwC Romania and David & Baias provided advice in the ROMBAT – Metair transaction

Luminita Chitoran — Thu, 15 Mar 2012 08:43:44 +0000

PwC Romania and its correspondent law firm in Romania, D&B David si Baias, provided financial, tax and legal advice on the buy-side in the transaction involving the sale of the majority shares of ROMBAT Bistrita to South-African based firm Metair International Holdings Cooperatief.

PwC: Threat of recession contains risk of further bank failures

Luminita Chitoran — Wed, 29 Feb 2012 08:56:40 +0000

The risk of another global recession and a renewed banking crisis is high according to a new survey of the dangers currently facing the world’s banking industry.

KPMG: Price sensitivity and product quality, the key to success in 2012

Luminita Chitoran — Wed, 29 Feb 2012 08:38:08 +0000

Despite a Sluggish Revenue Forecast for 2012, Consumer Companies Plan to Invest in Emerging Markets, Product Innovation and Mobile Commerce, says KPMG survey.

Mazars organizes the Seminar “New tax provisions for 2012″

Luminita Chitoran — Wed, 22 Feb 2012 11:36:20 +0000

As 2011 came to an end and 2012 has barely started, the Romanian tax legislation went through a series of substantial changes. The new provisions might have a significant impact on your business activity.

Netherlands-Romanian Chamber of Commerce urges Authorities to allow Romania’s Access to Schengen

Luminita Chitoran — Mon, 20 Feb 2012 11:24:38 +0000

The Netherlands-Romanian Chamber of Commerce (NRCC) urges the Dutch authorities to approve as soon as possible Romania’s bid to join the Schengen area.

Forms used for the declaration of self assessment taxes or of taxes withheld at source

Luminita Chitoran — Mon, 13 Feb 2012 13:12:01 +0000

In the Official Journal no 75/2012 it was published Order no 70/2012 of the President of the National Tax Administration Agency, amending and supplementing the same President’s Order no 101/2008 approving the model and content of Forms used for the declaration of self assessment taxes, charges and contributions or of taxes withheld at source.

The annual Profit Tax Return for 2011 shall be filed until March 25

Luminita Chitoran — Mon, 13 Feb 2012 12:49:40 +0000

Art. II of Government Ordinance 2/2012 published in the Official Journal no 71/2012 specifies that the annual profit tax return for 2011 shall be filed by all taxpayers with the competent tax authority until 25 March 2012.

The Tax Procedure Code has been amended

Luminita Chitoran — Mon, 13 Feb 2012 12:36:12 +0000

In the Official Journal no 71/2012 it was published Government Ordinance no 2/2012 amending and supplementing Government Ordinance No 92 / 2003, regarding the Tax Procedure Code.

News about Natural Persons’ tax residence in Romania

Luminita Chitoran — Mon, 13 Feb 2012 11:44:02 +0000

In the Official Journal no 73/2012 it was published Order no. 74 of the Minister of Public Finance, which regulates aspects related to natural persons’ tax residence in Romania that approves the new Forms, valid as of 1 January 2012, which are compliant with art. 40 (2)-(7) of Law no. 571/2003, regarding the Tax Code, and the Conventions for the Avoidance of Double Taxation.

Asia Pacific generated most of the transaction in the energy sector in 2011

Luminita Chitoran — Mon, 13 Feb 2012 10:52:46 +0000

he power deal world is heading in new and different directions that will lessen the impact of the eurozone crisis on deal totals, according to PwC’s annual Power Deals report