On 11 October 2022, the Financial Supervisory Authority (FSA) Norm No. 25/2022 on the authorisation of companies and the conduct of insurance and reinsurance business
√ Simplified procedure for the development of renewable energy projects on extra-muros lands √ Dual use of the land for both renewable energy
√ Legal requirements expressly extended to class 2 licensees √ New tax on gambling advertising √ Tax burdens for class 1 and
√ Revised legal framework for taxing the income of micro-enterprises √ Tax incentives in HoReCa and construction sector diminished or even repealed √
On 14 July 2022, it has been promulgated the long-awaited Law amending and supplementing Law no. 85/2014 on insolvency prevention and insolvency proceedings and other
√ Doubled thresholds for direct award of contracts; √ Price adjustment in exceptional economic circumstances; √ New rules for public procurement litigation proceedings The Romanian public procurement legislation was recently amended for the purpose of…
√ Taxable thresholds on gambling revenues decreased √ Tax rates on players’ revenues increased up to 40% A draft Ordinance amending and supplementing
√ The National Audiovisual Council (CNA) acts as the authority overseeing video-sharing platforms √ Notification obligation √ Increased control over video content
