A contract is not just a formality, but the foundation of the legal relationship between the parties. In civil law, contracts have the force of law between the parties (pacta sunt servanda), meaning that obligations must be strictly respected. Signing a contract without reading and fully understanding it can lead Read more…
Starting January 1, 2025, the construction tax was reintroduced through GEO 156/2024, in a slightly modified version compared to the one applied in 2014–2016 (“pillar tax”). Back then, the tax was eliminated as of January 1, 2017, the Government arguing the need to stimulate the business environment, encourage investments in Read more…
Starting January 1, 2025, the tax rate on dividend income increases from 8% to 10%, for both resident and non-resident taxpayers. The provision applies to dividends distributed after January 1, 2025.
Starting January 1, 2025, the updated Classification of Activities in the National Economy – CAEN Rev.3 – entered into force, approved by Order of the President of the National Institute of Statistics No. 377/17.04.2024. Who is affected?All companies, authorized natural persons (PFA), individual enterprises (II) and family enterprises (IF) must Read more…