Sat, Sep
52 New Articles

The Draft law on the adoption of certain measures concerning informatics and communications infrastructures of national interest and the conditions for deployment of 5G networks (the “5G Draft Law”) initiated by the former Ministry of Transportation, Infrastructure and Communications (“MTIC”) has undergone a new series of examinations from the relevant public authorities as part of the legislative procedure.

An increasingly popular option for enjoying a pleasant time is tourism in Romanian rural areas, which has progressively developed in recent years and, although affected by the pandemic, still has considerable development potential. In fact, the COVID-19 crisis is expected to equally have positive effects, including in areas such as this one, when stronger emphasis is placed on an environmentally friendly tourism economy.

Law No. 58/2021 approving GEO no. 211/2020 and amending GEO 132/2020 was published in the Official Gazette of Romania, Part I, No. 345 of 5 April 2021 and will enter into force on 8 April 2021 (the “Law”).

As part of the EU strategy to create a Digital Single Market, Directive 2018/1972 of the European Parliament and Council establishing the European Electronic Communications Code (the „EECC” or the „Code” and the „EECC Directive”) was published on December 17th, 2018 and entered into force on December 20th, 2018. The EECC should be considered together with EU Regulation 2018/1971 establishing the Body of European Regulators for Electronic Communications („BEREC”).

For our Checking In feature, we reach out to partners and heads of practice across CEE to learn how specific practice areas are faring in their jurisdictions. This time around we asked Tax experts: What are the most important changes to the Tax laws in your country since January 2020 and what has their impact been? 

After more than 4-5 years from the initiation of the proposal made by the business environment and long discussions of the tax forums with the legislators, including at level of the Coalition for the Development of Romania, the fiscal consolidation in the field of corporate income tax was formalized by Law no. 296/2020 at the end of 2020.

Romanian Knowledge Partner

MPR Partners is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Asociatii as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners can be found at www.mprpartners.com.

All News about MPR Partners can be found here.

Our Latest Issue