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Apr 2, 20212 min read

Check VAT code Romania: how to verify a Romanian company's VAT number

According to the ECJ, checking if a Romanian supplier is VAT-registered is not mandatory. However, in certain cases it may be useful.

Apr 1, 202110 min read

Get VAT code Romania: how to get the VAT registration number in Romania

Four cases: 1) before or 2) after revenue of RON 300k, 3) intra-EU transactions, 4) e-commerce

Apr 1, 20212 min read

Romanian VAT basics

Getting the VAT code has several advantages: I will be able to do business with companies in the EU and get back VAT paid to Romanian firms

Feb 18, 20212 min read

Environment Fund Administration | Registering for online access

In its latest report, the Environment Fund Administration AFM mentions almost 150 tax inspections in a year, with a value of 50 million euro

Feb 2, 20212 min read

⚠️ Attention administrators: not filing the annual inventory is a contravention

The Accounting Law states that not filing the annual inventory is a contravention of the director, with a penalty between 400 and 5000 RON.

Jan 30, 202110 min read

Why is equity so important?

Equity represents the added value of a company, the results of the effort of my work from the beginning of the company to the current date.

Jan 29, 20214 min read

Deductible expenses in Romania, with examples

An expense is business-deductible only if it is actually related to the business, is properly documented - and is recorded in the accounting

Jan 29, 202115 min read

How to read the Annual Financial Statements of a Romanian company

The Annual Financial Statements are like a business card: they represent the company in front of an investor, a bank, a public authority.

Jan 29, 202118 min read

How to read a Romanian trial balance

The trial balance - or, for short, the balance - represents the mirror of a company’s activity. All the operations reach it.

Jan 5, 202110 min read

Top banks for business in Romania: how to choose the right one

What to do before opening a business bank account: ASDC. Analysis➡️Shortlist➡️Discussions➡️Checklist. How to open the account afterwards