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With the entry into force of the E-VAT system, companies in Romania will have to comply with new tax compliance requirements. Find out what E-VAT means, who is affected and how this system works. 1. What does E-VAT mean? E-VAT is an electronic system introduced by GEO 70/2024, published on June 21, 2024, and subsequently amended by GEO 87/2024 on June 28, 2024. The system allows for automated checks by tax authorities to identify potential errors or inconsistencies between tax…

E-Invoice: Guide for use in 2024-2025 The implementation of the E-Factura system in Romania is an important step in modernizing the invoicing process, with the main goal of reducing tax evasion and simplifying tax reporting for companies. Here is everything you need to know about the system. 1. What is E-Invoice? E-Factura is an electronic invoicing system implemented in Romania to ensure the security and uniqueness of invoices issued by companies. This system eliminates the risks associated with the use…

Copyright income is an important source of income for creative people such as writers, artists, journalists or software developers. But to avoid problems with the tax authorities, it is essential to understand how this income is taxed in Romania. What is copyright income? Copyright income comes from the exploitation of works protected by copyright law. This may include: This income is regulated by Law 8/1996 on copyright and related rights. How is copyright income taxed? Under Romanian tax law, copyright…

Every year, tax legislation in Romania brings changes that directly influence the way companies manage their profits. One key area for partners is dividend tax. This article explains what this tax entails, how the legislation has evolved and what associates need to know about the new changes applicable from 2025. What is dividend tax? Dividend tax is the amount due to the state for the distribution of a company’s net profit to its shareholders or associates. In essence, it is…