There are often times when employees of companies ask for prepayment of wages in advance, requiring cash availability at specific events (medical operations, deaths, etc.). As regards the amounts of money granted by companies to their own employees for these exceptional situations in which the employee needs a certain amount of money, these sums of [...]

Tax exemption on reinvested ptofit is a tax incentive for companies operating in any industry / industry under certain conditions set out by law (detailed below). Although the provisions of the Tax Code valid until the end of 2016 provided for the application of this tax facility only for aassets produced and / or purchased [...]

In addition to the basic salary, employers are increasingly adopting various strategies to motivate employees. These may be in the form of benefits such as the settlement of meals, the payment of transport tickets, the settlement of subscriptions to sports gyms, the granting of voluntary health insurance premiums, etc. When granting these benefits, employers need [...]

In recent years, Romania has represented and still represents a very good environment for IT industry development, and more and more foreign companies are moving their IT activities (programming activities, software production, etc.) in Romania. According to a study by the Software and Services Industry Employers’ Association, the turnover of the software and IT services [...]

Along with Romania joining the European Union, Romania has had to adjust its agricultural economy to integrate into the European Union market. For this reason, operators operating in the agricultural field are looking for development opportunities and various state-funded facilities to reduce the costs of agricultural activity and to increase production capacity, namely profits from [...]

Between November 28-29, 2017, the International Conference and the WAVO Executive Board Meeting (World Association of Valuers Organisations) took place in Singapore, an event attended by Adrian Crivii and Adrian Popa as representatives of ANEVAR. The first day was dedicated to the WAVO Board meeting, while Wednesday November 29, a workshop on current trends [...]

In practice, there may be situations where brokering services of financial-banking negotiation activities receive a tax-erroneous treatment, falling within the category of VAT exempt services without right of deduction. These situations are most often due to contractual provisions that are formulated in such a way that they do not detail the nature of the services [...]

Since early 2017, ANAF (National Agency for Tax Administration) has announced that it has conducted risk analyses to select companies, large taxpayers, to be checked. According to an ANAF press release, 108 large taxpayers were selected and the main criterion used in the analysis was the risk associated with transfer pricing. It is therefore noticed [...]

In conducting the economic activity, irrespective of the field of activity, companies need a number of equipment to fulfill their goals. From office supplies to industrial production equipment, the company may choose either to purchase or to rent them. At the level of the company that uses such equipment, the tax treatment of expenses related [...]

In carrying out their economic activity, more and more companies, especially those that are active in the segment of trading of goods need storage spaces or storage services, in Romania or abroad. In order to meet this requirement, these companies conclude contacts with internal or external suppliers. Thus, these companies may choose either to rent [...]