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The filling out of certain forms regarding tax administration and social...

The draft of the Order for the filling out of certain forms regarding tax administration and social security contributions has been launched into public debate by the National Tax Administration...

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The modification of the Fiscal Code | Draft

The draft law modifying Law no. 571/2003 regarding the Fiscal Code was launched into public debate by the Ministry of Public Finance, Monday, 16th of June 2014. :: Draft :: Recitals :: The source:...

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The Journal Cuadernos Europeos de Deusto invites authors to submit paper...

Contributions could deal with any aspect of this theme, such as: - The May 2014 elections to the European Parliament, - The institutionalisation and functioning of EU external action with the creation...

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Deloitte Tax & Legal Alert: Important amendments to legislation on consumers’...

On 11 June 2014 Emergency Government Ordinance no. 34/2014 on consumers’ rights under contracts concluded with traders, amending and supplementing certain enactments (“EGO no. 34/2014”), was published...

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Deloitte Tax & Legal Alert: Possible anti-competitive conduct by professional...

In May 2014 the Loan Market Association, an international professional association operating in the banking sector, issued astatement regarding possible breaches of competition law by associations of...

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Best Lawyers in Romania 2014-2015: Ţuca Zbârcea & Asociaţii receives 16...

Bucharest, 25th of June 2014: The latest edition of “Best Lawyers in Romania” guide nominates 112 lawyers in 20 practice areas. For the first time, the well-known American guide has included “Lawyer of...

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Romanian Real Estate Taxation

Romania’s taxation system is not noted for its clarity and it does no harm to remind investors of the current position under Romanian law. So this week I thought as prudent Lawyers in Romania we would...

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EY wins second year in a row the award Transfer Pricing Firm of the Year in CEE

EY was named for the second time Transfer Pricing Firm of the Year in Central and Eastern Europe (Romania, Bulgaria, Czech Republic, Slovak Republic and Slovenia) by the International Tax Review (ITR)...

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Predictability of the insured risk

The High Court of Cassation and Justice has decided that the risk of a lease can not be transferred from the lessor to the insurance company if the insured property was not returned by the lessee...

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HCCJ. Joining exception reserved. Conditions of eligibility

High Court of Cassation and Justice has ruled that, in accordance with Art. 137 para. (2) Code of Civil Procedure (art. 248 par. 4 NCCP), exceptions will not be merged with the fund unless their...

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HCCJ. Housing loan contract vs. mortgage contract

High Court of Cassation and Justice has ruled that the mere way to guarantee loan repayment, the purpose of establishing a right of mortgage in favor of the bank credit agreement does not transform...

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HCCJ. Lack of assembly elements of the offense of tax evasion

The High Court of Cassation and Justice decided that, in accordance with art. 9 para. (1). b) of Law no. 241/2005, constitutes crime of tax evasion, the omission in whole or in part, of highlighting,...

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HCCJ. Action in simulation vs. action in nullity of secret document

The High Court of Cassation and Justice decided that action in simulation can not be confused with the action in nullity of the secret document. The simulation, by itself, is in principle valid, the...

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Amendments to the Fiscal Procedure Code and other normative acts

In the Official Gazette of Romania, Part I, no. 455 of 18 June 2014 was published the Government Emergency Ordinance no. 40/2014 for amending and supplementing certain acts, as well as for  regulating...

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The Financial Service Authority. Removing the barriers of capital market

The Financial Service Authority has published on Monday, 23rd June 2014 a press release on the steps made for removing the barriers of capital market. As of the end of the previous year, the Financial...

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The procedure for the refund of tax pollution

In the Romanian Official Gazette, Part I, no. 454 of 20 June 2014 was published the Order of the Minister of Environment and climate change and Minister of Public Finance no. 365/2014 regarding the...

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Global mining industry goes through a crisis as metal prices plummet

Overall, market values plummeted $280 billion, with gold miners particularly hard hit Net profits down 72% to $20 billion Forecast capex of $116 billion, 11% lower than 2013 as capital velocity slows...

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Deloitte Tax & Legal Alert: Changes to the Tax Procedure Code

The Government Emergency Ordinance for amending and  supplementing certain normative acts as well as for regulating  certain tax-related measures was published in the Official Gazette  on 23 June 2014....

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Deloitte Tax & Legal Alert: Changes to the Tax Code

Emergency Ordinance for amending and supplementing Law 571/2003 (Tax Code) Published in the Official Gazette no. 475/27 June 2014 The employees and the retired individuals who request a bank credit...

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European Union and The Consumer

Romania has like all countries become used to implementing EU legislation. One of the main areas in which the ordinary citizen comes into contact with the European Union is in the area of consumer...

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