ARTICOLE CORPORATE

Tax changes as of January 1st, 2017

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…

TAX INACTIVITY IN CASE OF AN EXPIRED REGISTERED OFFICE

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…

Individual employment contract clauses

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. …

Income tax exemption for a new category of employees

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,…

New tax rules regarding income obtained under civil-law agreements

According to the New Romanian Tax Code, as of January 1st, 2016, income obtained from activities performed based on civil-law contracts/agreements, concluded in accordance with the Civil Code, as well as based on agent contracts, are excluded…

Law No. 77/2016 on debt discharge and its impact on the real estate market

After controversial debates, Law No. 77/2016 on discharge of mortgage-backed debts through title transfer over an immovable property ("Law on Debt Discharge") was finally published in the Romanian Official Gazette No. 330 dated April 28th, 2016,…

New legal provisions on share foreclosure

A. Distraint and sale of shares Pursuant to changes set forth in Law no. 152/2015 amending and supplementing specific normative acts on registrations in the Trade Registry, now the creditors of a shareholder have the possibility to put distraint…

The Panama Papers

The Panama Papers are an unprecedented release of 2.6 terabytes of information (11.5 million files) from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca. The records were gradually obtained from an anonymous source…

ARTICOLE LINGVISTICE

DOES IRON MAN REALLY SPEAK RUSSIAN THAT WELL?

Whenever I travel outside of my usual milieu, I like to buy local newspapers and watch at least a bit of local TV, just for the fun of it. These are some of the best tools to immerse yourself in the day-to-day life of locals and to see exactly…

LINGUISTS MAKING TIME TO HAVE FUN!

Our translation job involves hard work, attention to detail, concentration and seriousness. Nonetheless, we should always make time to laugh, regardless of our occupation. Therefore, for this month’s blog article, we shared with you a selection…

Tonal vs. Non-Tonal Languages: Chinese vs. English

Chinese and English are perhaps the two extreme cases of tone vs. non-tone languages: Chinese is a typical tone language, whereas English is a typical non-tone language. This means that in Mandarin Chinese the same sounds, pronounced with different…

STAY CONSERVATIVE OR EMBRACE THE FUTURE? ABOUT TRANSLATIONS, STATISTICS AND COMPUTERS

We are living in an increasingly digitalized world, where computers have been changing and are continuously changing our lives. Every day, we need to adjust to new technological improvements, to be competitive and to keep up. I believe very…

IS THERE SAFETY IN NUMBERS?

Translations have always been a tricky business. Starting with the interpreters in times past and ending with the latest instant translation devices, this field has encountered and survived millennia of hurdles, misuse of terms, bad grammar…

TRANSLATION – FROM EARLY BEGINNINGS TO NOWADAYS

While talking about translation and interpretation, many people often ask questions regarding its history and beginning. It is perhaps impossible to trace the beginning of interpretation, as spoken language was developed many years before the…

What will the English language look like in 100 years?

Since the British Empire's dispersal of English to different parts of the world, the language has taken on many forms. Today's English is the result of hundreds of years of evolution, so why would we not expect it to keep changing? Here's what…

TIPS & TRICKS ON WORKING WITH EAR-WHISPERING NINJAS

Too much ink has already been used and too many keyboards have been broken to point out, or cry out, if you like, the differences between translation and interpreting… Basically, very plainly explained, it goes down to the fact that translators…

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