Aside from its mandatory nature – the transfer pricing documentation file is the document that justifies before the tax authority why a certain price for a given transaction was chosen – the file can be seen as a tool for an effective management of financial flows. Therefore, in order for the file to contain every […]
December 18 was the United Nations Arabic Language Day, the perfect opportunity to learn more about this language. Arabic Language Day was established in 2010 by UNESCO to promote cultural understanding and to highlight Arabic as one of the most important languages in the world. Today, there are three different types of Arabic: Classical; Modern […]
The decision amending the Government Decision no. 500/2011 on the general registry of employees (“GD 500/2011”) was published in the Official Gazette no. 963/28.11.2016. Significant changes have been made with regard to the rules governing the filling in of the employees’ general registry. The main changes made to GD 500/2011 cover the following issues: 1. […]
The transfer pricing documentation file must be submitted by March 25th, 2017, which is the deadline for filing the corporate tax return, or by the deadline set for companies that apply any tax year other than the calendar year. The file has to be prepared and presented according to ANAF Order No. 442/2016 on the […]
The changes recently proposed by the Ministry of Public Finance (MPF) in relation to the Tax Code and the Tax Procedure Code were passed by the Romanian Government on November 16th, 2016; the Emergency Ordinance is to be published in the Official Gazette, but the Executive has not yet released any statement as to whether the […]
As of January, 1st 2016, when the new Tax Procedure Code entered into force, ANAF began a campaign to notify companies that have not renewed their registered offices, threatening with declaring them inactive for tax purposes if their situation is not solved within 30 days after receiving the notice. There are two ways to avoid […]
Have you ever wondered why we love riddles so much? Is it the double or veiled meaning they put forth, our penchant for puzzle solving, the intriguing opposition between two or more descriptive elements the referent of which must be identified, or simply the unexpected or witty answers? Whatever the reason, it explains why riddles […]
An employer can stipulate at least four specific clauses in an individual employment contract, according to the Romanian Labour Code: the non-compete clause, the confidentiality clause, the mobility clause and the vocational training clause. The non-compete clause As stipulated in Article 21 paragraph 2 of the Romanian Labour Code, the non-compete clause shall only take […]
As of August 1st, 2016, a new category of employees is exempt from income tax on wages and other wage-related income. It consists of employees who carry out applied research and development activities and/or technological development activities, and the conditions for inclusion in this category are established by Order No. 4947/899/2018/1840/906/2016 issued on September 9th, […]
Language endangerment is a serious concern to which linguists and language planners have turned their attention in the last several decades. For a variety of reasons, speakers of many smaller, less dominant languages stop using their heritage language and begin using another. In time, a language may become dormant or extinct, existing perhaps only in […]
