The Romanian entrepreneurs, partners and supporters, as well as employees of Romanian companies, can nominate until May 31, a company to be included in the Made in Romania program. Nominations can be submitted on www.investingromania.com, a platform that continues to offer 24/7 the possibility of directly connecting entrepreneurs with investors and consultants, as well as with other entrepreneurs.
We are taking this opportunity to inform you of the legislative provisions included in the Emergency Ordinance no. 153/2020, which allows taxpayers to benefit from discounts between 2% and 15%, depending on the net asset position as reflected in the annual financial statements.
We live in a world where we want to have access to the most recent information, from anywhere and at any time. Data security standards and legislation are also becoming increasingly important. That is why we created Signals, our digital collaboration platform to collaborate with our clients.
For the sixth year running, Mazars is ranked fifth by Mergermarket for the number of successful M&A Transaction Services projects advised in 2021 according to the Accountant League Table for Central & Eastern Europe.
A global workforce presents challenges that require expert HR knowledge and specialised processes. HR & payroll legislation is a highly complex area. With rules and policies so often in flux, processing HR & payroll in-house is often costly and inefficient.
8 March 2022
Almost two months after the WHO declared the COVID-19 epidemic a pandemic, and while lockdown measures and other government decisions seek to provide answers to the health and economic crisis unfolding before our eyes, the business impacts of the disease are already very significant.
14 December 2021
Human-resources leaders all over the world have witnessed the impact of the COVID-19 pandemic on their strategy and action plans, with the current crisis underscoring the urgency for a more dynamic talent and work model. In the last year and a half, many challenges have appeared in the field of HR, such as remote hiring, re-imagining the recruitment process, employee retention, keeping the...
13 July 2021 This year, at the European Union level, an initiative designed to strengthen the application of the principle of equal pay for equal work or work of equal value between men and women through pay transparency and law enforcement mechanisms was proposed.
Every once in a while, an article appears in the press about how many lawsuits Romanian employers are losing in court, and the numbers are not small at all. We are talking about percentages of over 70% that are in the favor of the employees. A detailed analysis of the history of the last 10 years could help both employers and consulting firms to improve their existing practices. It would...
The OECD has long attempted to create a harmonized playing field for transfer pricing documentation, although countries have only recently started to apply a more consistent approach based on the recommendations provided.
This year, the European Union (EU) will make another step towards the definitive VAT system, a measure based on the VAT Action Plan, published by the EU Commission in 2017. Starting with 1 July 2021, important VAT and customs changes will be introduced for e-commerce, therefore, these amendments are long awaited.
Over the last few years, in-depth tax analysis and political debates were triggered by the need to maintain a balance between supporting the development of the global digital economy, while maintaining a fair and largely accepted model of allocating the taxing rights between states for the revenues that were generated worldwide by such global digital economy.
It’s hard to point out something not affected by COVID-19, therefore, companies should immediately reconsider the strategy addressing the issue with tact, empathy, and mindful management.
This year has started with a relatively stable IFRS framework in which to prepare the financial statements for this financial year, given the limited number and scope of the standards that came into force on 1 January.
Recent developments in transfer pricing documentation requirements should prompt MNCs to reassess management of cross border tax compliance.
Until recently, I have considered that every professional, working in HR or other key business departments, understands the relevance of a market salary for a business. Sadly, this is not true, and with this article, I would like to increase awareness on this topic.
2020 was a busy year from a fiscal perspective, mainly driven by the ongoing COVID-19 pandemic. We know that news is coming in fast, from every direction, and we are trying to support everyone that is going through an intense period regarding their business goals.
Some years ago, I ran a CSR training, which I can summarise in one main idea: the leaders should be working for a sustainable business. Since then, many voices have appeared in the public space to express their full commitment to develop a sustainable business at a global and local level.
I had the luck to work in companies where the HR teams were perceived as being valuable strategic partners and having the chance of being part of the decision making process. But how many companies in Romania have a CEO that understands the role of the HR department in the business? Less than 25%? Or 50%? What is your take on this?
According to a Gartner survey made in March 2020, 74% of CFOs expect to shift some employees to remote work permanently. This is a big change even if we talk about some employees in 74% of the companies from the markets. It is a change on multiple layers that may impact positively the happiness level in those companies if managed properly.
The Romanian Ministry of Finance has recently published a proposal for a legislative amendment related to electronic communication by means of the “Virtual Private Space” service
The disruption generated by this crisis is bringing a lot of opportunities to many businesses and their employees. Working from home was already a practice in some companies, but doing it with kids wasn’t actually the alternative we thought about. Most of the parents are hoping not to encounter this situation again, as it is difficult to share the right energy between their job and their kids.
Any crisis brings a lot of opportunities for a better life for employers and employees. In the last decades, many employers understood that investing in their employees actually means that they are also investing in their long-term partnership that brings more efficiency and less financial loss.
As we all know, the COVID-19 pandemic is a very serious threat to the health and wellbeing of people throughout the world. The spread of the virus, as well as efforts to contain it, are now significantly impacting our daily lives. The priority must be to take all actions required to mitigate the effect of the pandemic and protect our people. We must also acknowledge the inevitable knock-on...
Nowadays, uncertainty is the main describer of our lives, from transforming the way we do business to identifying new opportunities and launching a completely new line of service (e.g. food delivery or fresh product delivery). The world is not freezing in this crisis. It will take a while for some to find their new way and others are not so much affected, for instance, the software...
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