You may read each article below.
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 February 2023 With the first month of the year already passed, and while anticipating the imminent sustainability reporting requirements, one of the most important 2023 resolutions for C-suite leaders refers to ensuring that their business becomes more “future-proof” through integrating sustainability into their core operations.
6 February 2023 The past year has not brought many changes when it comes to IFRS, but through this newsletter, we want to offer you an overview of the new texts applicable on 31 December 2022 and ESMA's recommendations, to help you close this financial year.
The VEKTOR indicator was calculated by the Romanian Investor Relations Association (ARIR) for the first time in 2019 for the Regulated Market and is published annually on the website of the Bucharest Stock Exchange (BVB).
For the seventh year running, Mazars is ranked fifth by Mergermarket for the number of successful M&A Transaction Services projects advised in 2022 according to the Accountant League Table for Central & Eastern Europe.
Mazars has published the tenth edition of its regional tax guide, which provides snapshots and comparative charts of the tax systems of 22 CEE countries for the year 2022.
Over the past decade, but especially in the last two years, the entire business environment was challenged with meeting the demands of many brisk legislative changes and increased audits. And, as the digital wave has become stronger, the adoption of new technologies in the tax function has also gained further momentum.
25 May 2022 In recent years, the number of tax audits focused on direct taxes and transfer pricing has become significant and 2022 brings a surge in this regard.
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
Romania is a country where many citizens intend to open a business in the near future in order to make a decent profit that will allow them to lead a comfortable life.
Entering the business world as an entrepreneur or self-employed person is an important step for those who have long dreamed of professional independence and even for those who want to make financial use of their ideas or innovations. This is where the decision to set up your own company and take your professional destiny into your own hands comes in.
A basic element of the economy and a cost of human capital, payroll is one of the most important aspects of an organisation's work, whatever its nature.
Setting up and running a business requires proper information on how to manage it as well as possible from an accounting point of view. In this respect the balance sheet of the company is an essential aspect that can help on the road to success.
Many entrepreneurs who choose to enter the business world, setting up a small or medium-sized company, often run into difficult situations due to the complex legislation and the many bureaucratic obligations they have to fulfill in order to operate legally.
Risk is an element encountered in all situations of life, governing in most circumstances the decisions that people make, so that they do not turn into real problems.
The tax system is complex and companies are required to monitor the legislation closely to be compliant. Income tax is collected by the government and is based on taxable income after the expenses have been deducted. The profit tax rates vary greatly depending on the country, and in Romania, the taxation also depends on the classification of the company. Profit tax is very important,...
Sustainability is a concept that means satisfying one's own needs, without compromising the ability of future generations to use the resources available to society today.
Economic activities involve hard work, but they also have a long-awaited reward in the form of profit sharing with the owners.
As is well known, a state's taxation is based on taxes and duties which, together with the tax mechanisms that designate the methods and techniques for imposing them, are laid down by organic laws or lower-ranking regulatory acts such as government decisions or emergency ordinances.
Tax regulation is extremely complex, with entrepreneurs having to deal with a myriad of situations, otherwise they can suffer a number of significant legal and financial problems.
Entrepreneurs who want to start a business need to choose the type of company at the outset, as this will have far-reaching consequences for the way their business is run, the financial resources they need and the administrative obligations.
Today's economic environment is a dynamic one, often marked by various uncertainties, so it is imperative for any company to be able to make the right decisions for its future, with all the necessary information at hand, including those related to insolvency. This word is certainly a scary one for any entrepreneur, but it is considered a reality of the modern market.
Accounting is an essential area in any economic activity, as it is an ideal way of analysing financial success, but also of accurately establishing debts to the state or to business partners.
We invite you to read interviews with our specialists on various trends.
We invite you to read about the people behind successful businesses and insights into organisational culture.
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