CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
This article explores the principles and provisions related to the taxation of capital gains as stated in Article 13 of the OECD Model Tax Convention. It examines the variations in capital gains taxation across countries and discusses the OECD Model Convention as a framework for negotiating bilateral tax treaties.
RTPR has successfully represented the interests of Sumiriko AVS Romania before the High Court of Romania.
On 30 June 2023, the web portal for freelancers operated by the Tax Administration was launched.
On July 7, 2023, Value Added Tax ("VAT") rates have been significantly increased with the Amendment Decree ("Amendment Decree") to the Decree on Determination of Value Added Tax Rates Applicable to Goods and Services numbered 7346 ("Decree") published in the Official Gazette dated July 7, 2023 and numbered 32241.
On July 5, 2023, Wardynski & Partners announced it had appointed Partner Michal Wons to coordinate the work of the firm's M&A team and develop the practice alongside Partners Konrad Grotowski, Kinga Ziemnicka, Jakub Lerner, Adam Pawlisz, and Lukasz Sliwinski.
Popovici Nitu Stoica & Asociatii has successfully represented Auchan Import Export Roumanie before Romania's High Court of Cassation and Justice in a dispute against the country's National Agency for Fiscal Administration regarding approximately EUR 2 million in additional profit taxes.
By Order no. 2.048/2022 amending accounting regulations applicable to economic operators (“the Order”), published in Official Gazette no. 878/07.09.2022, the Romanian authorities have transposed into national law the provisions of EU Directive 2021/2101 of the European Parliament and of the Council of 24 November 2021 (“the EU Directive”) amending Directive 2013/34/EU as regards the disclosure of income tax information by certain undertakings and branches.
