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Tax

As local and international regulations become more prescriptive and enforcement gathers pace, dealing with the evolving tax landscape in a cross-border context presents you with a significant challenge. The number and complexity of tax investigations conducted by authorities is rapidly escalating and the need for tax adjustments is rising accordingly.

Our 350 tax lawyers worldwide are supported by strong technical tax intelligence teams that identify developments in tax law and policy affecting your business. This multi-disciplinary approach helps you develop robust structures that maximise tax effectiveness in alignment with your commercial strategy. Given the cross-border nature of today's tax issues, top corporates and financial institutions seek our advice in Central and Eastern Europe, given our global tax presence and our in-depth expertise in national tax laws.

In Romania we have a dedicated team of tax experts who offer focused expertise and experience in both Romanian and international taxation, providing tax planning and advisory services to both multinational and domestic clients. Very often our clients rely on us to help them with their most complex and business-critical work – in particular in recent years we have assisted a number of clients on tax disputes in Romania, successfully challenging multimillion euro tax liability decisions.

Whether you are a financial institution, multinational, fund, investor or high net worth individual, we understand your business and the tax pressures you face. Our teams work together across Central and Eastern Europe and beyond in the key areas affecting your business including VAT, international taxation, transfer pricing, e-commerce, M&A and investment funds, tax planning and financing. Our experts can help you manage tax control cases and deal with tax authorities as well as manage tax litigation cases, including challenging tax liability decisions. The right tax advice can make a material difference to transaction costs and, in some cases, avert serious consequences.


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04/03/2024
CMS advised The Cicor Group on acquisition of Evolution Medtec Srl in Romania
International law firm CMS has advised The Cicor Group (Cicor), one of Europe's fastest-growing developers and manufacturers of high-reliability electronics for the medical, industrial, aerospace and...
27/12/2023
No white smoke on ATAD III proposal in 2023
As a reminder, on 22 December 2021, the European Commission issued its proposal for a directive to prevent the abuse of shell entities for tax purposes (ATAD III proposal). After several amendments, the...
24/11/2023
Carbon Border Adjustment Mechanism transition in effect since 1 October...
On 1 October 2023, a two-year transitional period began for implementation of Regulation (EU) 2023/956, which introduces the Carbon Border Adjustment Mechanism (CBAM). CBAM levies punitive CO2 charges...
20/11/2023
Romania implements a large package of tax measures
Law no. 296/2023 was published on 27 October 2023 in the Official Gazette and entered into force on 30 October 2023. Below is a summary of the most important changes.Cor­por­ate income tax1.Minimum turnover...
30/10/2023
CMS advises Ahold Delhaize on the landmark acquisition of Profi Rom Food...
International law firm CMS has advised Ahold Delhaize (“Ahold Delhaize”) on its agreement to acquire leading Romanian grocery retailer Profi Rom Food S.R.L. (“Profi”) from MidEuropa, in a transaction...
27/09/2023
DAC 8 Proposal approved by the European Parliament
BackgroundIn recent years, the crypto-asset landscape has steadily grown and has reshaped the world of payments and investments. Today such assets have an estimated market capitalization of USD 1.09 trillion...
12/04/2023
Romania introduces tax amnesty for gift vouchers
On 27 February 2023, Romanian Law no. 43/2023 came into force, which introduced a tax amnesty regarding the reclassification of income from gift vouchers obtained by individuals from anyone other than...
11/04/2023
Romania implements tax exemptions for digital nomads
After its passage through parliament, Romania published Law no. 69/2023 on 30 March 2023 in the Official Gazette, which introduces tax exemptions for digital nomads. The legislation entered into force...
05/04/2023
CEE Greenfield Guide 2023
CEE countries have attracted significant foreign direct investment in greenfield operations in recent years. Indeed, many manufacturing businesses have focused on expanding capacity in CEE countries...
26/01/2023
Romania introduces new tax for operators in the gambling sector
Romania introduced a new contribution payable by economic operators in the gambling sector through the passage of Law no. 286/2022 for the implementation of Government Emergency Ordinance no. 83/2022...
09/01/2023
Romania amends the tax law in 2023
At the end of last year, Romania introduced numerous tax amendments that entered into force on 1 January 2023. The following is a summary of the most important amendments. Government Ordinance 16/2022...
29/12/2022
EU issues new measures against Russia
In the context of the continuing conflict in Ukraine, on 16 December the EU Council adopted a new package of sanctions covering bans and restrictions on certain activities, and sanctions against certain...