romanian accountants Archives - Page 2 of 2

Double Tax Treaty Romania – Belgium

The double tax treaty between Romania and Belgium settles the taxation rules for the income obtained by the economic agents in one of the two countries. Belgium applies the exemption with progression method which implies lower taxation amounts. Our Romanian accountants are ready to offer counsel regarding the double taxation treaty and all its related legal…

Double Tax Treaty Romania – Austria

In November 2014, Romania signed a double tax treaty with Austria. This convention has as a goal to prevent tax evasion and to avoid the taxation of Austrian or Romanian companies in both countries. Moreover the treaty provides some tax reductions and some special taxation regulations for the participant states. Beneficiaries…

Romanian legislation related to foreign investments

Foreign direct investment, known as FDI, has experienced an increase in the past years, as Romania has become a very interesting target for foreign investors. The country offers cheap, yet skilled work force, low taxes, that include a 16 percent flat tax for corporations and individuals. In addition, the country…

Tax Minimization in Romania

Romania is one of the attractive European countries for doing business due to the low income tax and corporate tax (applied on profit) rates which are unique (16 percent). When comparing it to other European countries, foreign investors may find that they have an interesting opportunity for developing a business in Romania. The tax minimization…

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,…

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…

About Us

We are a team of Romanian accountants prepared in assisting corporate clients in a wide array of financial services: accountancy, financial consultancy and administration, payroll & related, VAT registration and VAT compliancy, as well as audit services. Kontas Management SRL offers accounting, audit, tax, business advisory and commercial legal services. Our services Our company…

Services

Our team of accountants in Romania is at the disposal of both local and foreign investors who decide for business in Romania and who need assistance in the financial matters and many more. It is important to have in mind the services of an accounting firm and of specialists in this significant field. We can…

Performing an Audit in Romania

From the beginning, we mention that our team of accountants in Romania offers audit services in Romania in accordance with the International Standards on Auditing (ISA) fully adopted by the Chamber of Financial Auditors of Romania. Performing an audit in Romania is achieved by the analysis of an authorized specialist on the overall economic condition of a…