accountants in romania Archives - Page 2 of 3

The Advantages of the Electronic Garnishment

The Romanian Agency for Fiscal Administration (ANAF) has recently implemented the electronic garnishment system for communicating the enforcement documents to credit institutions by electronic means of remote transmission. The main advantage of the electronic garnishment system is that it eliminates deficiencies related to the delay in providing the bank account attachment in the event of discharging the tax…

How to Become an Accountant in Romania

In Romania, the certification of a Romanian chartered accountant is administrated by the Body of Expert and Licensed Accountants of Romania (CECCAR). Our Bucharest accounting firm can provide you detailed information on CECCAR certification. Becoming an accountant in Romania In accordance with the Regulation on the Access to the Profession of Expert Accountant and…

Property Tax in Romania

Any individual possessing a building located in Romania owes an annual tax. This levy needs to be paid to the local budget of the corresponding region, city or municipality where the house is situated. Our accounting firm in Romania can help you with proper information and guidance in order for you to pay the right taxes for your belongings.…

Minimum Wage in Romania

The minimum wage in Romania is RON 3,000 per month and was increased by 17.6% at the beginning of 2023. This amount represents the minimum gross salary in Romania, guaranteed in payment, according to the Labor Code, Law no. 53/2003. In the following lines, you can find information about the minimum wage in…

Paying taxes in Romania

For most entrepreneurs, the bookkeeping, the management, employment services and paying taxes in Romania represent an unpleasant obligation and a waste of time. For our experienced team this is the field in which they can excel in supporting partners to develop without care regarding bureaucracy, statements and fines. We offer customized services…

Certification of Tax Returns in Romania

According to the Romanian Law, the certification of tax returns must be performed by a tax consultant who acquired a special status and is registered as an active member in the register of tax consultants and tax consulting firms. This decision is taken in accordance with the rules established by Ordinance no.…

Preparation of Annual Financial Statements in Romania

In Romania, commercial companies, national autonomous administrations, national institutes of research and development, cooperative societies and other legal persons operating for profit shall be bound to double entry bookkeeping to prepare annual financial statements. For organizations and trade unions, as well as for other non-profit organizations, which carry out economic activities,…

Double Taxation Avoidance Treaties Signed with Romania

When you are a foreign entrepreneur who runs a business in Romania you should be aware of the double tax treaties signed by Romania with other countries in order to avoid paying taxes in both countries. For this, you need the advice provided by a Romanian accountant who can guide you through the entire…

Dividend Tax in Romania

When you own a Romanian company that distributes the profit in dividends, you should ask an accountant about the Romanian regulations in this field. Even though the procedure is not complicated, it may incur tricky rules which can be solved only by an experienced accountant in Romania. This is why we…

Corporate Tax in Romania

The corporate tax in Romania is mandatory for all legal persons, with some exceptions provided by the law and you should ask for a specialized accountant advice to obtain a customized calculation for the corporate tax. In this sense, our accountants in Romania will provide all the legislative information for paying your corporate tax…