In order to benefit from the tax exemption income from salaries and assimilated wages, IT employees in Romania must meet a number of conditions and have supporting documents.
IT and telecommunications
With the aim to ensure that digital business activities are taxed in the country of the user, Member States are now starting to seek unilateral solutions how to capture business models that can make profit from digital services in a country without being physically present. Slovakia is doing the same; starting from 1 January 2018 the definition of permanent establishment is broader and thus, profits of foreign operators arising from Slovakia from certain digital activities are taxable.
In the Official Gazette dated 22.06.2017 has been published the Order 409/4.020/737/703 which regulates the legislation regarding the framing of the activities in the category of computer program creation activities in order to grant the income tax exemption to the programmers. This order brings a much-anticipated change to IT companies, eliminating the provisions regarding selling
Download PDF! Hereby, we would like to kindly notify you about the adopted the Regulation (EU) 2016/679 of the European Parliament and of the Council on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (“GDPR” as the abbreviation from General Data
Download PDF! The EU legislation regarding Data Protection was modified in May 2016 and the Regulation 2016/679 regarding the protection of natural persons with regard to the processing of personal data and free movement of such data will be directly applicable in all EU countries starting with May 25th 2018. Which are the main
Download PDF! In the Official Gazette no. 22/2017 has been published Order no. 872/5932/2284/2903/2016 regarding the classification of the activities into software creation which provides the condition under which IT employees may benefit from the income tax exemption. Further to the publication and entering into force of this Order, the Order no 217/1721/1348/825
Sole proprietors in Ukraine are able to close their businesses with the help of the state portal iGov. In order to pass the termination procedure is necessary to carry out a few simple steps: prepare a statement on the portal receive information regarding a prepared statement by the sole proprietor from the register The
The law brings a simplification of the conclusion of foreign trade agreements, as well as financial statements for exported services and abolishes exchange controls for operations with exports of services. The simplification does not target only the foreign trade field, but it is also a way to attract investors. The bill №4496 from 21.04.2016
The Supreme Council of Ukraine is planning to allow Ukrainian companies to enter into contracts with customers via e-mail using public offer scheme and in electronic form. The corresponding bill №4496 is supported by 246 deputies. The purpose of the bill – to remove administrative barriers for companies engaged in the export of services. At
Romanian companies are benefiting now from a much wider crowd of IT specialists to include into the „tax exempted employees” section. The actual change When it comes to granting the income tax deduction (16%) to their employees, the companies were limited in the past, only to those employees with specific IT high studies. Starting
“Our vast experience in the area of payroll advisory helped us identify exactly the type of employment contracts that are advantageous for companies, depending on the industry in which they activate. Moreover, we found solutions so they can be used in companies while equally complying with legal provisions and employee needs”, said Maria Cojocariu, Payroll
Accace, a company offering consulting and outsourcing services in payroll, accounting and tax areas, has recently launched its own product – TULIP – a unique platform for managing all accounting, payroll and HR processes. What stood behind the decision of developing an own IT solution? Viktor Mečiar, IT Manager of Accace Group explains: Why
One of the main priority fields of the Hungarian Government in relation to the 2014-2020 European fund programming period is the development of the expertise knowledge‑based economy. This means – amongst others –, that research and development & innovation (R&D&I) activities, as well as strategic R&D co-operation agreement with both companies and research institutes will
Bucharest, June 30, 2014 – Romania is the only country in the region that doesn’t tax the income of IT employees, while the highest tax rate, of 32%, is recorded in Poland, for IT employees with annual incomes of more than 20,500 EUR, according to an analysis made by Accace, one of the leading outsourcing
According to Art 2 of the Law of Ukraine “On Personal Data Protection” dated June 01, 2010 (hereinafter – the Law) personal data is defined as data or a collection of data on a natural person that is or can be clearly identified. Personal data can be divided into the following categories: General personal