Romania's leading accounting, tax, audit, and payroll company, Crowe Romania, has published an essential guide for businesses to navigate the complex Romanian tax and legal landscape.
Crowe Romania, a top company in accounting, tax, audit, and payroll in Romania, has released an all-inclusive tax and legal brochure designed to help businesses operating in Romania make sense of the country's intricate tax and legal system. The brochure offers crucial insights and guidance on Romanian tax regulations, legal requirements, and compliance procedures.
As a member of Crowe Global, one of the largest networks of independent accounting and advisory service firms, Crowe Romania boasts a wealth of experience and expertise in offering exceptional services to clients across various industries. The company's latest release, the tax and legal brochure, is a testament to their ongoing commitment to providing businesses with the resources they need to thrive in the Romanian market.
The brochure covers a wide range of topics, including:
1. Direct taxes for legal entities: A comprehensive guide to direct taxes applicable to legal entities in Romania, such as income tax on microenterprises, profit tax, tax on representative offices.
2. Income tax and social contributions: Detailed information on individual taxation, including the procedure of establishing the Romanian tax residence status, income tax and social contributions due for salary income and personal income obtained by the individual (ex. income from self-employed activities, dividends, rental income, gains from the transfer of securities).
3. International tax matters: An in-depth look at the tax implications of cross-border transactions, Romania's tax treaty network, double taxation relief and the anti-tax-avoidance provisions adopted in the Romanian legislation.
4. VAT and other indirect taxes: A thorough examination of the value-added tax (VAT) system in Romania, including registration, rates, and filing requirements, as well as newly introduced provisions in the legislation in relation to SAF-T, Ro E-invoice and RO E-transport.
5. Tax procedure: An overview of tax procedure issues like settlements of claims, classification of taxpayers in risk classes, exchange of information and the procedure of certification of tax statements.
6. Romanian Company Law: A summary of the corporate forms provided by the Romanian law, covering the joint-stock company, the limited liability company, as well as other forms for the presence of the non-resident company.
The brochure's content is tailored to suit both local and foreign businesses operating in Romania, making it an invaluable resource for entrepreneurs and investors alike. The document also takes into account recent tax and legal changes in the country, ensuring that readers have access to the most up-to-date information.
Crowe Romania's tax and legal brochure is a clear demonstration of the company's dedication to assisting businesses in Romania with their tax and legal obligations. By offering expert guidance and support, Crowe Romania continues to solidify its reputation as a top choice for accounting, audit, consulting, payroll, and tax services in the country.
To access the full brochure and gain a better understanding of the Romanian tax and legal landscape, visit Crowe Romania's official website or contact Crowe Romania tax team.