Tech companies have moved fast on AI and cloud adoption. Financial governance, in many cases, hasn’t kept pace. I think a significant part of the risk sits in a quiet assumption: that controls built for on-premise, human-reviewed processes will keep working once those processes become automated, cross-border, and dependent on infrastructure someone else owns. Where…
A business perspective on Europe’s growing water dependency For years, executives have worried about energy prices. Today, they may need to start worrying about something even more fundamental: water. The current drought affecting Europe’s major rivers is often described as an environmental issue. But the business implications tell a different story. Low water levels…
ANAF a publicat Ordinul nr. 828/2026 (Monitorul Oficial 543 / 2 iulie 2026) care va inlocui actualul Ordin nr. 442/2016 si introduce modificari importante privind obligatiile de documentare a preturilor de transfer, continutul dosarului si procedura de prezentare a acestuia. Pe scurt – ce se schimba: Marii contribuabili vor avea obligatia de a depune…
Agribusiness remains one of the most active sectors for investment in Romania, driven by large-scale land operations, consolidation trends, EU subsidies, and increasing interest from international investors. However, transactions in this sector often carry specific tax risks that go beyond standard corporate due diligence. Unlike other industries, agribusiness combines land ownership rules, sector-specific tax incentives,…
Romania continues to be one of the most active jurisdictions in Europe when it comes to tax digitalisation. Over the last few years, businesses have moved from traditional tax reporting towards increasingly detailed digital reporting obligations. What started with transactional reporting through RO e-Factura has expanded into granular accounting data reporting through SAF-T and now…
Romania is currently moving to transpose the EU Pay Transparency Directive into national law. With a compliance deadline of June 7, 2026, the draft legislation introduces rigorous obligations that will fundamentally alter recruitment, compensation structures, and corporate reporting. For leadership teams, this represents more than a regulatory hurdle—it is a total shift toward „radical transparency”…
Revenue recognition in non-profit organizations is often underestimated in terms of complexity. In practice, it is one of the areas most frequently challenged during external audits, largely due to the variety of funding sources and the judgment required in applying the relevant accounting standards. Unlike commercial entities, non-profits receive income from a broad range of sources, donations, grants, memberships, sponsorships, and service-based arrangements. Each…
Navigating Transfer Pricing in Romania: Common Pitfalls and Best Practices for Multinational Groups Transfer pricing (TP) remains a cornerstone of tax compliance for multinational groups active in Romania, ensuring intra-group transactions reflect arm’s length principles as per the Fiscal Code. With Romania advancing toward OECD standards, recent updates emphasize proactive tools like Advance Pricing Agreements…
The „rules of the game” for transferring shares in Romanian companies have changed significantly. With the recent enactment of Law 239/2025 and GEO (OUG) 13/2026, the Romanian Tax Authority (ANAF) now holds a central role in the process. The days of quick exits from companies with tax liabilities are over. These legislative shifts are specifically…
