Government Decision no. 937/2018 on establishing the national minimum gross basic wage guaranteed for payment (“GD 937/2018”), published in the Official Gazette of Romania, Part I no. 1045, on 10.12.2018, provides for an increase in the Minimum Gross Wage, in Romania, which is differentiated based on professional experience and higher education, as of January 1st, 2019.
According to Law no. 163/2018 on amending and supplementing Accounting Law no. 82/1991, Companies Law no. 31/1990, as well as on amending Law no. 1/2005 on the organization and functioning of cooperative companies (“Law 163/2018”), published in the Official Gazette of Romania, Part I no. 595, as of 12.07.2018, the Romanian companies are allowed to distribute dividends quarterly to shareholders, under the conditions stated below.
The professionals registered with the Trade Registry and any other interested individuals may obtain information on all the records entered in the trade registry with regard to a company, having the following available options:
As a Member State of the European Union, Romania will have to implement, starting from May 25th, 2018, European Regulation no. 679/2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (hereinafter referred to as the “General Data Protection Regulation” or “GDPR”). The GDPR shall take direct legal effects in all Member States.
Starting from February 1st, 2018, new rules shall apply with regard to the income tax exemption applicable to individuals that obtain salaries and similar income from software development activities. These rules are set under joint Order no. 1.168/2017/ 492/2018/ 3.024/2018/ 3.337/2017 of the Ministry of Communications and Information Society, the Ministry of Labour and Social Justice, the Ministry of National Education and the Ministry of Public Finance, regarding the qualification as software development activity (the “Orders”), as published in the Official Gazette of Romania, Part I, no. 52, dated January 18th, 2018.