Let us inform you about latest updates and changes in Romanian legislation in our August edition of “Tax & Fiscal Alert “:
- New ReviSal can be already used by the employers
- EU labels for food products
- Amendments to accounting regulations – accounting for economic interest groups
New ReviSal can be already used by the employers
The Labour Inspectorate published on the 15th of August 2011 the final version of new ReviSal, the registration with the new format being fully functional starting with 16th of August 2011. New ReviSal will contain all labour contracts in force at the date when the provision of the law enters into force, no matter if the activity is suspended at the 1st of August.2011. The Register should be filled-in starting with following order: signing, modification, suspension or termination of employment contracts.
EU labels for food products
Romania has recently implemented the European Commission Regulation nr.1924/2006 (Government decision 723/2011) in regard to the health and nutrition marks to be applied on foods products in order to ensure an efficient market and thus to protect the consumers. Government decision 723/2011 was published in the Official Gazette no.5456/02.08.2011 and enters into force within 30 days from issuance.
Amendments to accounting regulations – accounting for economic interest groups
Economic interest groups will record in their accounts the transactions carried out according to the provisions of the contracts concluded.
Please find more information in attached document.
In case of any questions or remarks, please feel free to contact us. You can find all contact details in attached document.