09.15.2021

Shareholders of biodegradable packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast, have approved the company split-up and the transfer of a part of the patrimony to the newly more

12.23.2019

Romania's liberal government has repealed via emergency decree the split VAT mechanism that obliged companies to have separate, blocked accounts for VAT payments. more

11.08.2018

The European Commission has decided to send a letter of formal notice to Romania for applying a split payment mechanism for VAT, the EC said in a press release Thursday. more

12.27.2017

Romanian President Klaus Iohannis on Wednesday signed into law a bill making separate payment accounts for value-added tax mandatory for companies with bad records in VAT payments and insolvent more

10.31.2017

Romanian senators on Tuesday adopted a bill making separate payment accounts for value-added tax mandatory for companies with bad records in VAT payments and insolvent businesses. more

10.03.2017

Only 175 of companies active in Romania, or 0.014% of the total, adopted separate payment accounts for the value-added tax starting October, the tax authority said Tuesday. more

09.22.2017

Almost three quarters of companies participating in a survey conducted by PwC Romania believe they need at least six months to implement the VAT split payment system and less 2% think they will be more

09.20.2017

Banca Comerciala Romana (BCR) will open value-added tax payment accounts for its corporate clients first on demand, then automatically, to allow them to comply with split VAT payment requirements, it more

09.19.2017

Lender ProCredit Bank said Tuesday it will open value-added tax payment accounts for its SME clients free of charge, to help them comply with split VAT measures. more

09.18.2017

UniCredit Bank announced Monday it will open split VAT payment accounts for its corporate clients that pay value-added tax, free for administration fees. more

09.18.2017

A split VAT payment system and tax authorities' inability to manage it on a national level will prompt financial blockages and higher financing costs for companies, especially small and medium-sized more

08.31.2017

The Foreign Investors Council (FIC) criticized the government's plan to impose separate payment accounts for value-added tax as of January 1, 2018 saying it will have a serious impact on the business more

08.30.2017

The Romanian government adopted on Wednesday, through an ordinance, the introduction of separate VAT payment accounts for companies in a bid to reduce tax evasion in the field. more

08.23.2017

Romania expects to get RON6 billion in VAT collections in the period 2018-2020, or RON2 billion a year, if it requires separate VAT payment accounts for companies as of January 1, 2018, finance more

08.09.2017

Business owners and associations in Romania, as well as fiscal consultants, oppose the government's plans to introduce separate VAT payment accounts for companies, which would raise companies' costs. more

09.17.2015

Romania’s largest energy trader Tinmar Ind held by businessman Augustin Oancea has decided to split up. more

06.22.2015

The creditors of Romanian insolvent construction company Concefa Sibiu (COFI.RO) approved the company’s reorganization plan which, once implemented, will enable the company to split and transfer a more

03.31.2015

GDF SUEZ Energy Romania, the majority shareholder of Congaz Constanta, wants to divide the company, without liquidating it, and take over all its assets. more

02.26.2014

Romania's ruling Social Liberal Union has broken up as leaders of the Liberal Party resolved to recall the party's ministers from the Cabinet. more

07.11.2013

Romanian state-run power producer Electrocentral Bucharest (ELCEN) has hired the local law firm Bostina si Asociatii to assist with the company’s planned division ahead of a process aimed at more