CASE STUDY: “The 10‑Day Notice” That Woke Up a Regional CFO. How One Call to Piroi™ Romania Internal Audit Saved 16% of EBITDA
This case study outlines the legal necessity and strategic value of internal auditing for multinational subsidiaries operating in Romania. It explains that companies meeting specific financial thresho...
16 Jan 7min
Permanent Establishment (PE) in Romania
Understanding the concept of Permanent Establishment, or Permanent Headquarters, or Permanent Office (=ro. Sediu Permanent) and its implications for foreign businesses is crucial for tax compliance an...
26 Feb 20241min
A solution for shareholders who fight over access to company documents
One of the most debated subjects when shareholders start having arguments is the right of access to company documents. There are times when communication problems between the shareholders of a company...
10 Jun 20232min
How to read a Romanian trial balance
The trial balance - or, for short, the “balance” - represents the mirror of my company’s activity. All the operations that I run reach the accounting document called the trial balance. Sooner or later...
18 Sep 202021min
🟦🟨 Emergency Status Certificate
The Ministry of Economy, Energy and Business Environment offers, on request, Emergency Status Certificates to the businesses affected by the COVID-19 pandemic. The request for an Emergency Status Cert...
27 Mar 20202min
🦠 COVID-19 emergency tax measures ⚠️
Welcome back, here’s a summary of the measures adopted by the Romanian Government through Emergency Orders during the economic crisis caused by the coronavirus disease COVID-19. The latest is about te...
25 Mar 20207min
How to get back the VAT code (5) after having lost it
Regaining the VAT code takes longer than getting it in the first place, because the tax inspectors are more alert to potential irregularities, even if the initial loss of the VAT code has just been th...
6 Des 20192min
