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…
GEO 8/2026 introduces economic relaunch measures, focusing on investments, R&D, and tax compliance. Here’s a brief summary of the main fiscal and accounting updates. Corporate Income Tax (CIT) Minimum depreciable fixed assets value: Increases from RON 2,500 to RON 5,000 (updated annually by Government Decision based on inflation). Assets between RON 2,500- RON 5,000…
In a nutshell Romania’s fiscal reforms applicable in 2026 introduce a complex mix of temporary relief measures and significant tax increases, driven by EU alignment requirements and domestic budgetary objectives. While the overall direction points toward an expanded tax base and increased fiscal pressure, transitional provisions create short- to medium-term planning opportunities. These developments require…
