Legislative news November 2022
I CIRCULAR no. 37/2022 regarding the reference interest rate level of the National Bank of Romania Published in the Official Gazette no. 1078/08.11.2022 The level of the reference interest rate of the National Bank of…
Legislative news October 2022
I LAW no. 275/2022 regarding the rejection of the Government Emergency Ordinance no. 37/2021 for the amendment and completion of Law no. 53/2003 — Labor Code Published in the Official Gazette no. 961/02.10.2022 Rejects the…
Increase in the amount of the health service contribution from January 1, 2023
According to the announcement of the Hungarian Tax Authority (NAV) the amount of the health service contribution will be HUF 9600 per month and HUF 320 per day, from 1 January 2023, which is a…
Information about the preferential use of SZÉP card
A new Government Decree, published on 6th October 2022 under the number of 381/2022, includes amendments of the preferential use of the SZÉP card. Previously, it was possible to use the amounts on the SZÉP…
Shelf company
A shelf company, also known as a ready-made company, is a company that has no activity and was incorporated for resale and future use. It is a totally empty entity, which has no liabilities or…
Legislative News September2022
I ORDER no. 2.048/2022 of the Ministry of Finance regarding the completion of accounting Regulations applicable to economic operators Published in the Official Gazette no. 878/07.09.2022 Completes the accounting regulations with the provisions of a European Directive.
Legislative News August 2022
I ORDINANCE no. 18/2022 regarding the authorization and operation in Romania of the representative offices of foreign companies and economic organizations Published in the Official Gazette no. 779/04.08.2022 Implements a new procedure for the authorization…
Legislative News July 2022
I ORDER no. 1525/2022 on establishing the Procedure for granting fiscal facilities in the sector agricultural and food industry Published in the Official Gazette no. 661 / 01.07.2022 Approves the Procedure for granting tax facilities…
The most popular extra-salary benefits with tax advantages granted by employers in Romania
The most popular extra-salary benefits with tax advantages granted by employers in Romania Granting extra-salary benefits is one of the ways to motivate and retain employees. I will list below the most important extra-salary benefits,…
Legislative News June 2022
I. ORDER no. 1090/2022 regarding the approval of the Communication procedure by electronic means of communication between the central tax authority and individuals, companies and other entities without legal personality Published in the Official Gazette no.…
Legislative news May 2022
I. LAW no. 124/2022 on the approval of the Government Emergency Ordinance no.43/2021 for the extension of the term for submitting the annual declaration regarding the real beneficiary of the legal person, provided in art. 56…
Legislative news April 2022
I. LAW no. 72/2022 for the cancellation of some fiscal obligations and for the modification of some legislation Published in the Official Gazette no. 315/31.03.2022 1. Cancel the differences in principal and / or auxiliary…
Doing business in Romania – Payroll and HR administration
Registration of the employees’ contracts Each employer shall be under the obligation to settle an internal general register record of all the employees, in electronic format, which shall be transmitted to the Territorial Labour Inspectorate.…
Legislative news March 2022
I. Law no. 32/2022 for the approval of the Government Emergency Ordinance no. 30/2021 regarding some fiscal measures. Approves the Government Emergency Ordinance no. 30/2021 regarding some fiscal measures. The ordinance establishes the procedure for applying the…
Legislative news February 2022
I. Order of the Minister of Finance no. 85/2022 on the main aspects related to the preparation and submission of annual financial statements and annual accounting reports of economic operators to the territorial units of…
Legislative news January 2022
I. Order no. 2 of January 3, 2022 for the abrogation of the Order of the President of the National Office for Prevention and Combating Money Laundering no. 380/2021 regarding the information of the National…
The infinite marathon
This is the time of the year when our profession is utterly busy and not stopping till all the Year-End Financial Statements are not submitted in Hungary. Heads down, doing your heavyweight efforts, day in…
Lasting partnerships – BPiON WHY
Since the early days of BPiON Group, one of the most valuable parts of our “WHY” statement is the “lasting partnership” principle. It is both a starting point and an achievement in the field of…
WHY BPiON? = BPiON’s WHY
As Peter Drucker says, “culture eats strategy for breakfast” and this is more valid nowadays than ever. Culture is everything. It is a set of shared values, beliefs, standards and driving forces to act for…
Employment without Establishment (EwE) in Poland
Are you a foreign company and would you like to test the market in Poland? Maybe not decided yet to establish a legal entity in Poland? Maybe you just want to hire a remote employee…
