The President of Romania promulgated the law which concerns the tax on land and buildings used for tourist purposes which is reduced by half.
Read articleThe purpose of the Act is to amend the Tax Code in order to remove the uncertainty regarding the interpretation of the exemptions for buildings and land used for the provision of tourist services.
In conclusion, since 2021, both the building tax and the land tax owned by individuals and legal persons that is used for the provision of tourist services, for a maximum duration of 180 days in a calendar year, is reduced by 50%.
The reduction applies in the tax year following that, in which this condition is met and the Law enters into force on 1st January 2021.
“We are living through times of rapid and profound change, especially with the rise of AI reshaping the workplace. As employees struggle to adapt, the key question is: Are we taking the right steps to support them?”
READ MORE
The list of activities in the new CAEN Rev.3 corresponds to the list of activities valid at European level.
READ MORE
The Future of Jobs 2025 report emphasizes that the future of work will be dominated by skills such as creativity, adaptability, emotional intelligence, advanced technical skills and a focus on sustainability – essential to thrive in a changing professional environment.
READ MORE