Intra-Group Transactions, a Tax Risk to be Tackled by Companies

The price for which physical goods, intangible properties are transferred or services are provided at the intra-group level represents a current problem facing most companies and multi-nationals operating in Romania, especially considering the increasing number of inspections conducted by tax authorities, requesting documentations relating to transfer pricing. The transfer pricing issue has been extensively debated…

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Muşat & Asociaţii: A Company’s Outlook on Intellectual Property Rights Is a Determining Factor for its Future

Under the current economic conditions, no business entrepreneur (from the least to the most important) can afford to ignore the effects the ubiquitous intellectual property rights have on its future. While the efficient and informed use of these rights can help a business highlight the intellectual resources which make it competitive, ignoring them exposes the…

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Musat & Asociatii Leads the Rankings of IFLR 1000 in All Areas of Practice

IFLR 1000, the international legal guide specialized in the financial-banking research of the legal market, reconfirms Muşat & Asociaţii’s leading position in all areas of practice, such as Mergers & Acquisitions, Banking & Finance and Capital Markets, Project Finance, while the firm’s partners are also recommended as Leading Lawyers in their field. “Muşat & Asociaţii’s…

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Muşat & Asociaţii Ranks First in Terms of Number and Value of Mergers & Aquisitions Closed in 2012

Muşat & Asociaţii is the leading firm in Romania in the field of mergers and acquisitions, both in terms of volume and in terms of value of the transactions concluded during January-July 2012. According to the latest preliminary report released by DealWatch, a company specialized in the mergers and acquisitions market survey, Muşat & Asociaţii…

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Muşat & Asociaţii: “Reverse charge – an efficient fiscal measure to reduce VAT evasion”

Reverse charge is an exceptional procedure simplifying the collection and deduction of value added tax (VAT), aspects raising various issues in day-to-day accounting practice, having significant implications at the cash-flow level of companies. “Applying reverse charge for certain types of activities represents a necessity having 2-way benefits. On the one hand, it significantly contributes to…

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Musat & Asociatii assists Farmexim during an investigation closed by the Competition Council without the levying of any sanctions

Musat & Asociatii has successfully represented Farmexim, one of the leading pharmaceuticals importers and distributors on the local market, during an extensive investigation which involved all the major distributors in Romania. The investigation was initiated by the Competition Council following the decision of pharmaceuticals distributors to stop the delivery of medicines to pharmacies and hospitals…

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Musat & Asociatii assists Farmexim during an investigation closed by the Competition Council without the levying of any sanctions

Musat & Asociatii has successfully represented Farmexim, one of the leading pharmaceuticals importers and distributors on the local market, during an extensive investigation which involved all the major distributors in Romania. The investigation was initiated by the Competition Council following the decision of pharmaceuticals distributors to stop the delivery of medicines to pharmacies and hospitals…

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Musat & Asociatii offered assistance in connection to the 15% sale offer of Transelectrica’s shares on the stock market

The secondary sale of a 15% stake package in Transelectrica was a long-awaited moment on the market, by both investors and international financial institutions. Musat & Asociatii was directly involved in this high-profile project, advising the Office of State Privatization and Industry (OPSPI) ever since the project’s commencement in March 2011. Our mandate included the…

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Muşat & Asociaţii: July 1st brings an increase in social security charges payable by freelancers

The New Fiscal Code brings forth important amendments concerning the applicability of social security charges applicable to agreements concluded with freelancers, the most important of which aims directly at the applicability of the full quota to revenues which are not subject to withholding taxes. “A full quota of 31.3% for social security contributions, approximately 20%…

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