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All companies with private capital  that earned up to 500,000 euros in revenue in 2016 are required to change their tax system by becoming a taxpayer on microfinance income. Basically, no private company with income under this ceiling can not  pay a 16%  tax rate, but is forced to apply the tax regime for micro-enterprises. The only companies that escape this obligation are those with social capital of at least 45,000 lei, who can choose which tax system they apply (micro or profit tax).

Belgian week in Cluj Napoca by Beroba (The Belgian Romanian Business Association) and The Embassy of the Kingdom of Belgium

Seminar Tuesday 25 April 2017:

ICT and Automation : investment approach and potential subventions and grants

Venue : Hotel Grand Italia,Strada Trifoiului,2,Cluj-Napoca, Romania , conference room 2 : 

Exceptional land for industrial investment. The surface can be  divided in 2 or 3 plots. Each plot has an opening at the national road. The price 10 Euro/sqm.

Location iclod near cluj on teh road to deva in front of teh radiator factory.

Wide street opening D=146 m with easy access from national road Cluj –Dej. There is a modified PUG available. The classification of the land is “industrial” because of the classification in the urbanism plan of the city Iclod (PUG).

Description of the land:

Opening at the DN 73B of 53 meters

Total surface 13002 sqm

PUZ is approved with parcel sizes of 500 sqm  x 16  and 1000 sqm x 2 with a service road of 10 meters.

There is cadastre documentation and the limits of the land are marked with metal pickets.

Utilities:

Gas, Electricity, water at the edge of the land.

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mail frjacobs@telenet.be 

Starting December 2016, the new maximum nominal value of meal vouchers is 15 lei.

The new nominal value of meal vouchers was established by Law no. 218/2016 for the amendment of Art. 3 paragraphs. (1) of Law no. 142/1998 regarding grating food vouchers, published in the Official Gazette no. 931/2016.

Therefore, in accordance with the provisions of this law the order meal tickets with face values of up to 15 lei inclusive can be delivered starting from December.

Where: Tinnenpot hall courtyard, Tinnenpotstraat 21, 9000 Ghent

When: Sunday, February 5th OM 15h

Speaker: ir. Freddy Jacobs, president "Belgian Romanian Real Estate Chamber '

You will get answer on the following topics:

The procedure regarding the exemption from income tax for IT employees was modified by Order of the Ministry of Finance no. 835/2015 which replaces the old legal framework (MFP Order no. 1479/2013 – repealed). The new regulations stipulate that the employees in this sector may be exempt from income tax only if they occupy certain positions, as defined by the law.

Starting July 30, the alumni working in this sector must be in one of the eight functions, as defined in the Annex of the Order 835/2015:

The new fiscal code.

The tax rate for dividend revenues derived by non-residents from Romania has been reduced from 16% to 5%, as of 1 January 2017, similarly to the amendment brought in the case of distribution of dividends to Romanian legal entities.

More info mail frjacobs@telenet.be

Keeping some cash in your investment portfolio has always been important for both an emergency fund and to meet short-term goals. But in 2017, it will be even more important, since market volatility is expected to be higher than usual. You don’t want to be forced to sell stocks when you need cash in a down market.

The question is: Where should you put your savings in 2017 ?

One of the answers is : The Republic o Kazakhstan.

Minimum deposit amount USD 5000, EURO 5000 or KZT 750 000