We celebrate excellence in business!
26 May 2016 | Oglinda & Partners
Along with the top Romanian entrepreneurs we spend a beautiful evening in which we applauded the performances of the Romanian elites in the business environment. Capital Awards – Excellence in business reunited the most important names of the business environment with extraordinary results in the last year. We commit to continue being the support of the entrepreneurs in creating successful....
19 May 2016 | Oglinda & Partners
Oglinda&Partners celebrates its activity! The event came in the middle of launching several new projects for the business environment. We would like to thank everyone for their collaboration and support. We commit to continue our work to reach the goals that we seek together.
The transfer prices file – What? When? Who? Why?
13 April 2016 | Oglinda & Partners
What are transfer prices? According to the Fiscal Code, transfer prices are those prices through which tangible or intangible goods are transferred and services are provided, between affiliated persons. What does affiliated persons mean? Affiliated persons are legally defined in regard to the relationship between them, relationship that must fall into one of the following categories: a) an individual is....
What Should I Choose? Performance Security: Letter of Credit vs. Performance Bond
12 April 2016 | Oglinda & Partners
FIDIC contracts include, among the obligations of the Contractor, the obligation of obtaining a Performance Bond. However, the majority of Employers (Beneficiaries of the projects) fail to consider, is the importance of this clause. Why is it so important? Statistics show that in such contracts, the chances that the performance security will be executed are high (there is a great....
Are Microenterprises an Efficient Solution for Replacing Authorized Person (PFA)?
06 April 2016 | Oglinda & Partners
“The battle” between microenterprises and authorized person (PFA) is emphasized by the latest changes brought by the Fiscal Code. “What should one choose depending on his/her needs?” The costs for starting a authorized person (PFA) are significantly lower than the ones for starting a microenterprise. For example, 250 RON for the authorized person (PFA) and 1000 RON for the microenterprises.....
The Authorization for Fire Security: Who is Responsible for Obtaining It in a FIDIC Contract? Part Two
05 April 2016 | Oglinda & Partners
From the first part of the article, published last week, we found out the necessary information for obtaining the authorization for fire security and, more important, who is responsible for obtaining it in a FIDIC Contract. In today’s article, we aim to emphasize which are the consequences of obtaining or failing to obtain the authorization for fire security. How will....
The Packaging Fraud: Are the Economic Operators Liable for the Illicit Actions of OTRs?
04 April 2016 | Oglinda & Partners
A highly debated and controversial issue in the beginning of 2016 returns to public attention these days…. Packaging. To be more exact, the tax on packaging, which food producers threatened to include in the product’s price, causing an increase of 30% in prices. What is at Stake? OUG no. 196/2005 provides, for over 10 years, the obligation of producers to....
Can I interrupt the Negotiations of a Contract when and However I Want To?
31 March 2016 | Oglinda & Partners
The forming period of contract (the period of pre-contracutal negotiation) has a signifiant influence concerning the way in which the prefigured contract will be executed by the parties. It is absolutely necessary that the parties know their rights during this period and, particularly, they should know the limits of these rights and how should they be executed in order to....
New Building Taxes. What Happens to Home-Based Headquarters?
30 March 2016 | Oglinda & Partners
The New Fiscal Code introduces new distinctions concerning building taxes, splitting them into three categories: residential buildings, non-residential buildings and those of a mixt nature. What does the destination of the building refer to exactly? According to the New Fiscal Code: • residential building– a building which has one or more rooms that have a residential usage (are used for....
Excellence in management – Award Gala 2016
29 March 2016 | Oglinda & Partners
Oglinda&Partners participated at the Award Gala for Excellence in Management! Oglinda&Partners participated at the Award Gala for Excellence in Management! We congratulate and applaud all the winners, all the participants and all the businessmen that would deserve to be today on the scene for their work and dedication to be recognized. The categories are: – Best communication and marketing manager;....