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Dividends may be payed also during the year!

The law permitting the payment of dividends during the year was voted. According to the principle "autumn is a time of harvest ", perhaps from September or October this year we will already be able to reap the "fruits" of the business.

On July 12, the normative act (Law 163/2018) amending the dividend payment procedure was published, which allowes the distribution of the profit between the companies' shareholders also quarterly, within the limit of the net profit realized after the preliminary filing of an interim financial statement . read more»

What we need to know about personal data protection procedure

The European Parliament and the Council of Europe adopted on 27 April 2016 the EU2016 / 679 Regulation on the protection of individuals with regard to the processing of personal data. Its provisions will be applicable in all Member States of the European Union as of 25 May 2018. read more»

Ascent Group exceeds the threshold of 3 million euros in 2017!

2017 was a year of business growth and consolidation for Ascent Group, which was confirmed by the reported financial results. With a turnover increase of 14.9%, the group exceeds its own growth forecast, estimated at the beginning of the year at 10%, and for the first time in its history it has reached an annual turnover of EUR 3 million.

Not only the turnover shows a positive development, but all the main indicators of the group registered increases in 2017, respectively all types of services provided by the companies within the group had positive dynamics.

The year 2017 represented also a key year in the recognition of Ascent Group as a global training programs provider. This year, the training and coaching division of the group has won several important international projects, thus engaging in the formation of management teams in different countries in Central and Eastern Europe. read more»

New deadlines regarding the transmission of the salary changes to ITM

The year 2018 brings changes at all levels, including the General Employee Evidence Register and its submission to ITM via the Reges platform. According to Government Decision no. 905/2017, published on 19 December 2017 in the Official Gazette no. 1005, there are regulations regarding the new deadlines for transmitting changes to the contractual elements.

Thus, in August 2017, a new rule was introduced which stipulated that the change of any contractual clause must be registered and transmitted to ITM no later than one day before the date of its entry into force, in this way removing the provisions of the Labor Code stipulating the period of 20 days. read more»

The summary of the legislative changes in 2018

The year 2018 started with a lot of fiscal changes, contained in various normative acts. This is why we are trying to make a brief recap of the legislative changes that take place this year and a reminder of the main checks and declarations to be made at the beginning of the year: read more»

2018. What's really changing in the people development market?

The classical two days training approach is less and less required by companies. The companies are looking for more customised people development programs that include a variation of approaches from hard skills, soft skills training to interactive workshops and coaching and mentoring one on one sessions to consolidate the discovery and the learning. 
 
This new perspective of approaching people development aims to create a culture in which everyone - not just the “high potentials”- overcome challenges, their own internal barriers and vulnerabilities.
 read more»

The change of the ceiling for micro-companies from 1st of January 2018 and other new fiscal rules

With the latest tax changes some new information appeared regarding the micro-enterprise regime. They refer to the ceiling up to which a company is consider a micro-company and pays the tax on revenues, not on profits, the extention of this taxation system also to the companies who are now the now excluded, ans also the impossibility of companies with a certain share capital to switch from revenu tax to profit tax. The recent changes also include measures to combat outsourcing of profits made by multinational companies.

According to Government Emergency Ordinance no. 79/2017, published on November 10, starting with 1st of January 2018, will increase the ceiling to which a company becomes a taxpayer on micro-enterprise income, from 500,000 euros (as it is currently) to 1.000.000 euros.

This means that companies with a yearly turnover below 1.000.000 euros will not pay profit tax, but they will pay a 1% tax on the turnover. read more»

Legal changes related to labor taxation from 2018

The Ordinance no. 79/2017 regarding the amendment of the Fiscal Code approved by the Government on 08.11.2017 was published in the Official Gazette of 10.11.2017. This brings important news for both employees and employers.

The main change is represented by the transfer of contributions from the employer to the employee. Out of the total of 9 contributions currently paid by employers and employees, starting with 2018 there will be only 3 contributions, namely: read more»

Finally, we will get rid of the stamp! Sanctions for the employees of the public institutions, if requested after July 30!

Even if it seems hard to believe, in Romania, we will get rid of the stamp requirement!

This provision actually already existed from 2015, when a paragraph of the Law 316 already eliminated the corporate obligation to stamp the claims, declarations or other documents in relation to institutions or public authorities. However, a large proportion of the public sector employees continued to request abusively the application of the stamp on these documents.

In order to improve this situation, on 30 June 2017 it was published in the Official Gazette no. 507 a Government Ordinance that not only reaffirms the lack of stamp obligation, but also qualifies officials`demand to apply the stamp as being abusive. read more»

Starting from August, Health and Social Contributions will be paid at minimum salary level even for part-time employees

Thursday, the 20th of July, the Romanian Government adopted a decision through which is the employers will have to pay the CAS and CASS contributions at the level of the minimum wage even for the part-time contracts.

Therefore, under this decision, employers will be required to pay social and health contributions at the level of the minimum wage even in the case of part-time contracts.

The measure is taken even if the salary of the part-time employee, related to the number of hours worked, is lower than the country-guaranteed minimum gross salary. Thus, for example, if the part-time employee earns 600 lei gross, the employer will be obliged to pay the pension and health contribution at the level of the minimum salary of 1450 lei gross. read more»

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