Deloitte Legal's Reff & Associates has advised Belgian developer Speedwell in refinancing the loan granted by BRD Groupe Societe Generale for the development of the Record Park Offices project in Cluj-Napoca. Tuca Zbarcea & Asociatii advised the bank.
Starting this August, the fiscal unity system concerning the corporate income tax becomes functional in Romania, further to the enactment of the procedure for the implementation and management of such system through Order no. 1191 issued on August 6, 2021 by the National Agency for Fiscal Administration.
RTPR’s Costin Taracila Talks About The Deal of the Year in Romania.
Two years ago the Romanian anti-fraud and tax authorities took the Romanian business environment by surprise, by initiating a thematic tax audit campaign aimed at auditing the tax treatment of purchased gift vouchers, in terms of income tax and social security charges. A very sought after extra-salary employee benefit, companies bought and offered gift vouchers amounting to over RON 1 billion (approx. EUR 200 million) in 2018 alone.
Act Botezatu Estrade Partners has advised French VC fund Axeleo Capital on its seed round investment into Bright Spaces. DLA Piper advised Bright Spaces. Shoosmiths reportedly also advised Bright Spaces, while CEE Attorneys reportedly advised Romania's Sparking Capital, another investor in the round.