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Legal Briefs

Competition Law - Amendments to the investment screening regime in Romania

Government Emergency Ordinance No. 17 of 12 March 2026 (“GEO No. 17/2026”) was published in the Official Gazette No. 199 on 13 March 2026. It amends and supplements several legislative acts, including: (i) Government Emergency Ordinance No. 46/2022 on measures to implement Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the screening of foreign direct investments into the Union, and amending and supplementing Competition Law No. 21/1996 (“GEO No. 46/2022”); and (ii) Competition Law No. 21/1996 (the “Competition Law”). Relevant highlights: • The examination fee is reduced from EUR 10,000 to EUR 5,000; • Increased materiality threshold triggering the notification obligation under GEO No. 46/2022; • Single notification procedure for multiple transactions between the same parties within one year;…Read More →

Fiscal Bulletin

The 05 February 2026 Fiscal Bulletin outlines key legislative changes affecting corporate taxation, local taxes, salary-income reporting obligations, and the e-Invoicing system, including the elimination of the deductibility limitation for expenses with non-resident affiliates starting Q1 2026, a uniform 50% reduction of certain local taxes for residents of designated Apuseni and Danube Delta areas, the reduction from five to one employee as the threshold triggering the obligation to register secondary offices for salary tax purposes, transitional compliance relief until mid-2026, and the postponement until 1 June 2026 of the e-Invoicing requirement for individual economic operators identified by CNP.Read More →

Fiscal Bulletin - Recent tax changes introduced by Package 2 and subsequent legislation

Law no. 239/2025 on the establishment of measures for the recovery and efficiency of public resources and for the amendment and completion of some normative acts, published in the Official Gazette no. 1160 on December 15, 2025 ("Law 239/2025") Emergency Ordinance no. 78/2025 for the amendment of Law no. 239/2025 on the establishment of measures for the recovery and efficiency of public resources and for the amendment and completion of some normative acts, published in the Official Gazette no. 1172 of 17 December 2025 ("GEO 78/2025") Emergency Ordinance no. 89/2025 amending and supplementing Law no. 227/2015 on the Fiscal Code, regulating certain fiscal budgetary measures, as well as amending and supplementing certain normative acts, published in the Official Gazette no. 1203 of 24 December 2025 ("GEO 89/2025")Read More →

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