Fiscal subject related
Other news from Romania
The benefits and responsibilities of the Guarantee-Return System for non-reusable packaging in Romania
The Guarantee-Return System (GRS) for non-reusable primary packaging (glass, plastic, metal) of volume between 0.1 and 3 liters, whereby traders should retain a certain money guarantee for each packaged product and then return it to customers, will come into force on November 30, 2023. For those who put such packaging on the market, 2023 is the year when they have to comply with this obligation as... Read more
New document was uploaded: Overview of the e-invoicing systems in Europe
This document represents an introduction to the types of e-invoicing models in European countries as well as the key conclusions made during this research. Read more
Romania gets the green light from the EU to introduce mandatory B2B e-invoicing in 2024.
On July 27, 2023, the European Union Council authorized Romania to introduce mandatory electronic invoicing for all types of B2B transactions between companies established in Romania. Almost two years after requesting this derogation from the Council of the EU, Romania enters a straight line in terms of the necessary authorizations, so it can adopt the generalized e-invoice starting on January 1st... Read more
Romania takes measures to limit the prices of agricultural and food products for three months.
In Romania, another Government Emergency Ordinance got published and concerns certain limitations regarding the highest prices of different products that are sold in this country. According to this new act, i.e., GEO 67/2023, that was recently published in the Official Gazette, the Government has instituted several measures aimed at combating the excessive increase in prices for agricultural and... Read more
What should you know about tips and paying taxes on tips in the hospitality sector in Romania?
From the beginning of 2023, bars and restaurants will have the obligation to highlight the tip on both the bill and the fiscal receipt. The amounts derived from tips must be distributed in full to employees, and the money from this source is considered income with withholding at source, without being included in the calculation base of the social security contribution and without falling within th... Read more
New document was uploaded: S4 Fiscal Service for Romania (Smart ID)
S4FiscalService for Romania is an installation package for S4FS fiscal middleware in Romania for integration with SmartID software solution. An integrative part of the installation package is, among others, the General Interface Description, the Service Interface Description, Release Notes, the S4F Service Installation Manual, and sensitive data encryption. They are all packed in a zip file that is ready for download. Read more
Product prices in Romania: what you need to know about the new regulation
Starting July 26th, 2023, stores in Romania will be required to provide clear and comprehensive information about product prices. This new regulation, outlined in Order No. 182/2023 published in the Official Gazette on June 26th, applies not only to stores but also to pharmacies. The law mandates the display of both full prices and reduced prices resulting from the use of loyalty cards. Order 182/... Read more