The recently discussed chenges regarding the minimum wage in Romania became a fact. Thus, in the Official Gazette (Part I, no. 52.2013) was published the Decision no. 23/2013, which states the minimum gross base salary guaranteed in Romania.

The new rates are:

• starting with February 1, 2013, the gross minimum wage is 750 lei per month for a full-time program of 168,667 hours in average per month
• starting with July 1, 2013, the gross minimum wage is 800 lei per month for a full-time program of 168,667 hours in average per month

The beginning of the year brought some changes related to the legal and fiscal status of the microcompanies in Romania. Specifically, based on the Government Ordinance no. 8/2013, published in the Official Gazette no. 54 from 23 January 2013, the article 1121, c) of the Fiscal Code was modified, it's new content being: „obtained revenues that do not overcome the amount of 65.000 euro”.

In other words, the 100.000 eur limit for revenues that allowed a company to qualify as microcompany, valid until last year, was reduced to 65.000 euro.  read more»

[descarcă original PDF]

Programul Operaţional Sectorial „Creşterea Competitivităţii Economice”

co-finanţat prin Fondul European de Dezvoltare Regională

„Investiţii pentru viitorul dumneavoastră”

Anunţ achiziţie,
ARAD 16.01.2013

Achiziţiile au loc în cadrul proiectului “ÎMBUNĂTĂŢIREA INFRASTRUCTURII IT&C – ASCENT GROUP” COD SMIS - CSNR 37482 linia de finanţare POSCCE-AP3-3.1.1 Apel 2, contract de finanţare 622/311 din 28.11.2012. read more»

[descarcă original PDF]

Programul Operaţional Sectorial „Creşterea Competitivităţii Economice”

co-finanţat prin Fondul European de Dezvoltare Regională

„Investiţii pentru viitorul dumneavoastră”

Anunț/Comunicat de presă

Anunţ privind începerea proiectului “ÎMBUNĂTĂȚIREA INFRASTRUCTURII IT&C – ASCENT GROUP” read more»

According to Government Decision 15/2012 for modifying the Law 571/2003 regarding the Fiscal Code for 2013, the taxpayers with tax residence in Romania and whose revenue during October 1st 2011 – September 30th 2012, does not exceed 2.250.000 RON will be applying the VAT charge on cashed-in system starting January 1st 2013.

In order to comply with these provisions, the taxpayer who is pass to the new system is responsible for submitting, before October 25th, a written notification to prove that revenue during October 1st 2011 – September 30th 2012 (inclusive) did not exceed the 2.250.000 RON limit.

• VAT on cash system does not apply to taxpayers that are part of a single fiscal group.
• VAT on cash system applies only to transactions where goods or services are in Romania.

Transations which are not affected by the new system read more»

The midsummer of 2012 marked a change in the management of Ascent Group. Thus, with the 1st of July, the new financial manager of Ascent Group is Otilia Gal.

Otilia is an alumni of the Faculty of Economics from the University of Timisoara. Over the years she enriched her knowledge by attending numerous courses and specializations in finance and accounting.

Professionally, Otilia has 10 years of experience in finance, both within multinational companies and local companies.

During the last four years Otilia has held the position of financial advisor in the Arad office of Ascent Group Arad, and since the 1st of July 2012 she became the financial manager of Ascent Group.

Tuesday, August 28th 2012, the Government Decision no. 16/2012 was published, modifying and completing Government Decision 92/2003 regarding the Fiscal Procedure Code.

Modifications will apply starting August 31st 2012, except dispositions regarding closing of debts (pct. 3), which will apply starting November 1st 2012. 



Most important changes:

 read more»

What changes are needed in sales technique to differentiate and highlight yourself in the multitude of offers? How to sell in the new context, in order to convince?

What changes are needed in sales technique to differentiate and highlight yourself in the multitude of offers? How to sell in the new context, in order to convince?

What changes are needed in sales technique to differentiate and highlight yourself in the multitude of offers? How to sell in the new context, in order to convince?

What changes are needed in sales technique to differentiate and highlight yourself in the multitude of offers? How to sell in the new context, in order to convince? read more»

According to art. 134 of the Labour Code, actualised in 2011 with the Law 40/2011, in Romania the legal non-working days are:

• 1-2 January, New Year
• 1st and 2nd day of Easter
• 1st of May, international worker`s day
• 1st and 2nd day of Whitsuntide, 3-4th of June
• Assumption Day, 15th of August
• 1st of December, National Day of Romania
• 1st and 2nd day of Christms, 25-26 December

The people who belong to different religions than the Orthodox one have the right to take two days off for every one of the three annual religious holidays, declared so by the legal religious cults.

More additional proposals for days-off have been made: 24th of January, 10th of May or 30th of November, but these haven`t been aproved yet, still having the project status. Therefore, these days are not presently acknowledged as legal holidays.

Every beginning of the year comes with a series of questions regarding the reporting of the financial situation of the last year. In the following article, we will try to give an answer to some of the frequently asked questions on this matter, with reference to the 2011 financial year.

When do we submit Declaration 101 in 2012?

According to Ordonance nr. 2/25^th of January 2012 regarding modification and completion of OG 92/2003 regarding Fiscal Procedure Code, annual declaration of income tax (tax on profit) for 2011 will be submitted, with the proper authorities, until March 25th, except non-profit organizations and companies with their majority of income based on cereal culture and technical plants, tree and vine farming, which submit their form up to 25^th of february 2012. read more»