Enrolling in VPS becomes mandatory for commercial companies, PFAs and liberal professions

According to a draft of the Finance Ministry, membership in the service of the Virtual Private Space (VPS) will become compulsory for several categories of natural and legal persons starting next year.

Employers have a new obligation: To inform new employees under the age of 45 about joining a mandatory private pension fund (Pillar II).

The employee who’s vaccinated against COVID-19 shall, on request, be paid one free day per dose of vaccine.

News has come up on the financing side, news covering various fields.

When determining the tax regime applicable to the consideration of the COVID tests borne by the employer for his employees, it is necessary that the employer examine the purpose for which the tests were carried out.

In order to document compliance with the principle of market value, the transfer pricing file must be prepared annually by the big taxpayers.

The procedure for implementing the grants for the companies in the area of HoReCa was published in the Official Gazette.

The OUG on the abolition of investment grants (measure 3), which allocates this money to working capital grants (measure 2), was published in the Official Gazette.

Authorities will be able to decide to suspend the activity of companies that do not comply with the rules for 15 or 30 days.

Firms must periodically review the compliance of their processing operations with the applicable regulations.

Labor law currently allows any document between the employee and the employer to be signed electronically by means of a qualified or advanced signature.

Simplification of procedures specific to the activity of human resources in micro-enterprises, given that there are currently around 500.000 micro-enterprises with up to 9 employees in Romania.

A new Regulation for employers in insolvency, bankruptcy or liquidation proceedings.

In recent times, there has been talk of the digitization of labor relations, a step more than necessary given the current situation.

The Finance Ministry announced the extension of certain deadlines and facilities granted to companies in order to get through the difficult period caused by the Covid-19 crisis.

New amendments to the OUG 132/2020 were recently published to protect and support employers and employees. Employers will have greater flexibility and employees will have greater protection.

A recent press release by the Ministry of Finance foresees the extension of tax measures that are beneficial to taxpayers in the context of the pandemic.

This week, the Emergency Ordinance 10/2021 (amending the OUG 224/2020) was published, which established the new State aid scheme for HoReCa.

In recent years, the VAT registration procedure has undergone several changes, sometimes to complicate it, sometimes to simplify it. This time we are talking about simplification.

The December amendment of Law 227/2015 – Tax Code, provides for the addition of the list of non-taxable income.

The year 2021 began with many tax innovations, most of which are beneficial to companies.

The deadlines for submitting declarations and the updated tax ceilings were also amended with the new year.

The new year begins in Romania with an increase in the minimum wage in the economy.
The measure to increase the minimum wage will be certain after January 6.

In Emergency Ordinance 211/04.12.2020, it was decided to extend the period of application of the social protection measures adopted in the context of the spread of coronavirus.

ANAF reminds companies of the main structures from which they can benefit, but there are new provisions and provisions already in the legislation when the state of emergency was declared.