Starting with 1 January 2025, the RO e-Invoicing system will also apply to invoices issued in B2C (business to consumer) relationship.
Edwin Warmerdam, Partner, Head of Tax at Forvis Mazars in Romania, spoke to Property Forum about the taxation outlook in 2025 and the tax changes that could spur investments in the local market.
With the help of technological solutions, continuous auditing will become a proactive tool, not just reactive, playing a crucial role in supporting strategic decisions.
Globally, nearly half of business leaders admit to facing difficulties in attracting top talent, with 44% reporting significant obstacles in their hiring processes.
A significant shift in the overall outlook and priorities of executives in the sector is uncovered, indicating a strategic reset is on the cards.
Significant disparities in tax rates and competitiveness indicators across the CEE region.
As of April 2020, Romania has been in the excessive deficit procedure (EDP), as a result of exceeding, in 2019, the 3% budget deficit limit set in the Stability and Growth Pact (SGP).
In the December 2024 business cycle survey, managers in the manufacturing industry forecast a moderate decrease in the volume of production for the next three months.
Bringing forward the timetable for elimination of tax facilities for the IT industry, starting January 2025, is a deeply negative signal towards a strategic sector of the economy.
On the other hand, 28% say they are optimistic about the year ahead, with a significantly higher percentage among those with incomes over RON 6,000 (33%).
The elimination of the holiday vouchers will freeze or cancel investments in tourism infrastructure.