Archive
Romanian Tax Alert Newsletter no 2
Museum of the Romanian Peasant, Buchurest.
Dear Quoracy.com subscribers,
We continue our efforts in upgrading and enhancing our services to you, both in context and quality.
In this respect, please find in the below link Baker Tilly Klitou Tax Alert no. 2 per 2012, in English and Romanian language. The purpose of this Tax Alert is to inform you about the latest tax legislation changes that could have an impact on your company’s activity: changes that affect our Tax Code, any legislative changes that are announced by the Ministry of Finance and any other Romanian tax related developments.
Our tax experts are always at your disposal in answering any queries that may arise from this Tax Alert.
Kind regards,
Nadia Oanea
Tax Manager – Head of Tax Department
CCFR, CECCAR
Bucharest Office
52, Splaiul Independentei,
Tel: +40-21-3156100
Fax: +40-21-3156102
E-mail: mailto:nadia.oanea
(For Disclaimers to all republished alerts, see divider above)
Related articles
- Romanian ex-PM gets prison time in corruption case (mysanantonio.com)
- Romanians protest against gold mine plan (reuters.com)
- Romanian PM calls for unity as thousands protest (seattletimes.nwsource.com)
- Why Romanians are angry? (thedevelopmentjournalist.com)
List of minimum wages by country – Wikipedia, the free encyclopedia
Image by WageIndicator - Paulien Osse via Flickr
List of minimum wages by country – Wikipedia, the free encyclopedia.
The above link’s content should provide most people with food for thought.
Compare the minimum wage in Holland or Luxembourg, just shy of 20 thousand dollars a year, with Burundi at less than 100 dollars per year – I don’t know why they even bother with minimum wage legislation, but presumably they need it which is harrowing even to dwell on.
Can it be that an unskilled person in Holland is really worth over 200 unskilled people in Burundi? Regardless of where they are, they are both unskilled.
There’s no easy answer to this one – if you increase the minimum wage then the investment in labour intensive jobs for lowly-skilled people just goes to a more competitive country, and more people starve.
Also of course, one dollar in Burundi will buy you a lot more than a dollar in Holland (especially in terms of unskilled services, should you require them, but also in terms of food, clothing and shelter).
In and of itself it’s not the most useful index of human development, but it certainly makes you think.
Related articles
- Lowering the Minimum Wage for Tipped Employees: Yes or No? (slog.thestranger.com)
- Raising The Minimum Wage: Who Does It Help? (npr.org)
Czech Tax Alert January 2012
Baker Tilly Czech Republic sent us the following useful information:
Dear Quoracy.com subscribers,
Please find enclosed the new issue of our Tax Alert which lets you know about major changes in tax legislation and accounting in the Czech Republic over the current month. We trust that it will be valuable for you, helping you stay abreast of hot topics.
If you know someone who you believe would like to receive our alerts and updates, please let us know. It is a free service, building goodwill for us in the community.
The archive of previous editions of our Business & Tax Newsletter and Tax Alert and other free publications can be found on our website on http://www.bakertillyczech.cz/Publications,19,j,1.html
Best Regards,
Lucia Ráblová
Head of Tax
Registered Tax AdviserBaker Tilly Czech Republic
http://www.bakertillyczech.czDirect: +420 542 425 823
Fax: +420 542 425 822
Email: lrablovaBaker Tilly Czech Republic
is an independent member of Baker Tilly International: http://www.bakertillyinternational.comUsers are reminded that these updates in themselves do not constitute professional advice, and that they should seek case-by-case advice rather than rely on published matter for any business and investment decision.
BTCR_TAX_ALERT_January_ENG.pdf
BTCR_TAX_ALERT_January_CZ.pdf
Holiday leave during a stoppage – TGC Poland Legal Alert
TGC Corporate Lawyers in Poland sent us the following legal alert
Dear Quoracy.com SubscribersDue to a decrease in the amount of work, technical interruptions, or weather conditions, employers sometimes have to announce a work stoppage. Under Polish labour law, a “stoppage” means an unplanned and temporary interruption of work, with employees being ready to work, resulting from disruptions in the functioning of the company. Of course, employees are entitled to remuneration for this time.In some companies, stoppages are a part of the regular work schedule (e.g. decreased workload during the period of summer holidays or bank holidays, temporary repairs) and are planned in advance (e.g. included in the Work Regulations). In this situation the question arises, whether the planned work break should be treated as a stoppage or normal holiday leave for all or part of the employees? In general, an employer may not demand that employees take holiday leave during an unplanned work stoppage. However, if a stoppage during Christmas or summer holidays is planned by the employer at the beginning of the calendar year, it is possible to include the stoppage in the holiday planner.
Contact
If you need any further information on these matters or individual legal advice, please contact our experts:
Agnieszka Janowska
Director of Labour Law Department
Tel.: +48 22 295 33 30
Email: ajanowskaAlicja Biernat
Lawyer, Labour Law Department
T: +48 22 295 33 29
E: abiernatTGC Corporate Lawyers
ul. Hrubieszowska 2
01-209 Warsaw, Poland
T: +48 22 295 33 00
F: +48 22 295 33 01
E: tgc
W: http://www.tgc.eu
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- Rio Tinto locks out 800 workers at its Alma smelter in Quebec (theglobeandmail.com)
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Romanian Tax Alert Newsletter
Baker Tilly Klitou in Romania have sent the following useful pdf-cast. Please note that the usual disclaimers apply which you will find on the disclaimer page of this site, as with all similar material which is recast here.
Dear Quoracy.com subscribers,
We continue our efforts in upgrading and enhancing our services to you, both in context and quality.
Our goal is to share with you all the latest tax developments. Starting early 2012, we are moving away from our “Tax Monthly” newsletter, which was issued regularly each month. We are now launching our fresh newsletter “Tax Alert”. This newsletter will be issued as soon as there are important Tax news that need to reach you promptly and quickly. Changes that affect our Tax Code, any legislative changes that are announced by the Ministry of Finance and any other Romanian tax related developments.
Our tax experts are always at your disposal in answering any queries that may arise from these Tax Alerts.
Kind regards,
Nadia Oanea
Tax Manager – Head of Tax Department
CCFR, CECCAR
Bucharest Office
52, Splaiul Independentei,
Bucharest, Romania
Tel: +40-21-3156100
Fax: +40-21-3156102
E-mail: mailto:nadia.oanea
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Breaking European News
- EU rushes out tax transparency law May 23, 2013Big companies’ tax affairs in Europe are to be opened up to greater public scrutiny with the EU rushing out a law to reveal profits and taxes
- Market bulls run into the sand May 23, 2013Swing in sentiment marked the first significant interruption to what has been a prolonged period of rising stock markets since last November
- Spain’s banks need €10bn more provisions May 23, 2013More than €200bn of loans rolled over before they expired – often because corporate borrowers would be unable to repay on time and in full, says recent data
Business News from Poland
- Net financial result of enterprises down by 21% in 2012 March 21, 2013In 2012 the net financial result of non-financial enterprises employing 50 or more people amounted to just over PLN 82.1bn (approx. €19.6bn), which represents a decrease ...
- Bayer launches BPO centre in Gdansk March 19, 2013Bayer, the German pharmaceutical group, on 19 March officially inaugurated a business process outsourcing (BPO) centre in Gdansk. The facility will provide finance and accounting ...
- Clariant building new plant in Lodz area March 14, 2013Clariant, a global maker of innovative specialty chemicals, has initiated the construction of a factory of masterbatches (colouring concentrates for plastics) in Konstantynow Lodzki near ...
Prague Monitor – News from Czech Republic
- Viva el Vino this FridayPrague Daily Monitor The first wine tasting featuring Latin American and Spanish wines, Viva el Vino!, will take place on Friday, 24 May, in Era Svět on Jungmannovo náměstí.
- Game meat increasingly more sought after in ČR ČTK Popularity of game meat among consumers in the Czech Republic is growing in the long term, according to gamekeepers and retailers, but statistics show its consumption remains low at about 1% of the total amount of consumed meat.
- Czech companies plan to sign billions worth of contracts in RussiaČTK Czech companies want to sign contracts worth several billions of crowns in Russia next week during a four-day visit to the country on which their reps will accompany Prime Minister Petr Nečas.
Business Strategy and Governance News
- IDC Brief: Cloud Computing in the Midmarket : Assessing the Options October 15, 2010You may be looking at cloud computing as a means to access IT resources that may not be affordable otherwise. Cloud solution options include public, private and hybrid models each of which offers its own benefits, cost model and risks. Read this analyst brief from IDC to learn about each of these models and discover how your organization can take advantage o […]
- IBM Cloud computing channel October 15, 2010Visit the IBM Cloud Computing channel for insight into the cloud computing world from IBM. View IBM customers explaining their experience with IBM cloud solutions. See IBM experts explain cloud computing technology and how IBM can help build successful cloud solutions.
- From Crisis to Control: Full Command of the Financial Close October 15, 2010Automation can transform your financial close process from chaos to control, from a tactical obligation to a foundation for strategic financial decisions and leadership. Significant quantitative and qualitative benefits can be realized through an automated system that can serve as a unified platform for the efficient production of your financial information.
World of Quoracy.com
Polish Zloty Rates
- Tabela nr 099/A/NBP/2013 z dnia 2013-05-23 May 23, 2013Tabela A kursów średnich Wybrane kursy średnie: 1 EUR =4,2020 1 USD =3,2587 1 CHF =3,3732 1 GBP =4,9109 100 JPY =3,2233
- Tabela nr 098/A/NBP/2013 z dnia 2013-05-22 May 22, 2013Tabela A kursów średnich Wybrane kursy średnie: 1 EUR =4,1813 1 USD =3,2322 1 CHF =3,3337 1 GBP =4,8781 100 JPY =3,1418
- Tabela nr 097/A/NBP/2013 z dnia 2013-05-21 May 21, 2013Tabela A kursów średnich Wybrane kursy średnie: 1 EUR =4,1820 1 USD =3,2490 1 CHF =3,3570 1 GBP =4,9328 100 JPY =3,1611
Dziennik Internautow (An Internet News Digest in Polish)
- Uwaga na fałszywe zaproszenia do kontaktu z LinkedIn May 23, 2013Zdarzyło Ci się otrzymać ostatnio wiadomość zachęcającą do odwiedzenia LinkedIn? Uważaj, bo to może być pułapka.Anna Wasilewska-Śpioch
- UE prześcignie USA w produkcji chipów? Bruksela o tym marzy May 23, 2013Nową strategię przemysłową na rzecz elektroniki przedstawiła dziś Komisja Europejska. Komisarz Neelie Kroes wierzy, że Europa może produkować więcej chipów niż USA, jeśli tylko odpowiednio zaplanuje się inwestycje.Marcin Maj
- TTIP może być drugim ACTA. Parlament Europejski się zgadza May 23, 2013Przyszła umowa handlowa między UE i USA ma zawierać zapisy o "silnej ochronie praw własności intelektualnej" - zdecydował Parlament Europejski. Może zatem powstać kolejna umowa handlowa, która tak jak ACTA będzie forsować niepokojące środki walki z internetowym piractwem.Marcin Maj
