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Portrait of Andrei Tercu

Andrei Tercu

Consultant
Senior Tax Manager

CMS Cameron McKenna Nabarro Olswang LLP S.C.P.
S-Park
11-15, Tipografilor Street
B3-B4, 4th Floor
District 1
013714 Bucharest
Romania
Languages English, Romanian

Andrei is a Senior Tax Manager within our Bucharest office Tax department. He has over 10 years’ of professional experience, being specialised on international and direct taxation matters. Before joining CMS Romania’s Tax team he has worked within the local office of a Big 4 company.

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Memberships & Roles

  • 2016 - ACCA, Member
  • 2013 - Romanian Chamber of Certified Tax Consultants, Member
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Education

  • 2017 - Chartered Institute of Taxation (ADIT)
  • 2010 - Master, Financial Analysis and Valuation, Academia de Studii Economice din Bucuresti
  • 2008 - Bachelor, International Business and Economics, Universitatea Româno-Americana din Bucuresti
  • 2007 - Bachelor, Finance and Banks, Universitatea din Craiova
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Expertise

03 July 2017
Over­view of Tax Re­forms in CEE 2015 - 2017
Tax sys­tems across the world could be simple if they were com­posed to raise rev­en­ue only. Tax­pay­ers ex­pect their tax sys­tems to be fair, ef­fi­cient, and en­force­able. Taxes are also ex­pec­ted to pro­mote...

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10 March 2021
Ro­mani­an gov­ern­ment amends Tax Code and Ac­count­ing Law
On 26 Feb­ru­ary 2021, Ro­mania pub­lished Emer­gency Or­din­ance no. 13/2021 for the amend­ment and com­ple­tion of the Tax Code and of the Ac­count­ing Law (GEO 13/2021) in the Of­fi­cial Gaz­ette. The main amend­ments...
03 March 2021
Tax debt re­struc­tur­ing and can­cel­la­tion of ac­cess­ory tax li­ab­il­it­ies still...
Debt re­struc­tur­ing meas­ures and the pos­sib­il­ity to can­cel ac­cess­ory tax li­ab­il­it­ies are still avail­able to Ro­mani­an tax­pay­ers, but in or­der to be eli­gible tax­pay­ers must no­ti­fy tax au­thor­ity by 31 March...
22 December 2020
Ro­mania amends Fisc­al Pro­ced­ure Code and its high court rules on stat­ute...
On 18 Decem­ber 2020, the Ro­mani­an Pres­id­ent pro­mul­gated an amend­ment on the law on fisc­al pro­ced­ures and in the Of­fi­cial Gaz­ette it was pub­lished a High Court of Cas­sa­tion and Justice rul­ing on the five-year...
22 December 2020
Ro­mania amends Tax Code for 2021
On 21 Decem­ber 2020, Law no. 296/2020 for the amend­ment and com­ple­tion of the Tax Code was pub­lished in the Of­fi­cial Gaz­ette, which in­cludes the fol­low­ing main meas­ures: Defin­i­tions and gen­er­al pro­vi­sions...
17 November 2020
Ro­mania brings new amend­ments to the Fisc­al Code
Ro­mania has in­tro­duced two amend­ments to its Fisc­al Code with the pas­sage of Law no. 239/2020, which was pub­lished on 6 Novem­ber 2020 and entered in­to force on 9 Novem­ber 2020, and Law no. 248/2020, which...
17 November 2020
Land­mark ECJ rul­ing on a Ro­mani­an case in­volving de­duc­tion of VAT on aban­doned...
On 12 Novem­ber, the ECJ is­sued its de­cision in case C-734/19 ITH Comer­cial Tim­isoara SRL (ITH) in­volving the in­put VAT re­cov­ery for goods and ser­vices no longer used by the tax­pay­er (i.e. per­tain­ing to...
28 October 2020
Ro­mani­an gov­ern­ment in­tro­duces new meas­ures in re­sponse to COV­ID-19
On 26 Oc­to­ber 2020, Ro­mania put in­to place Gov­ern­ment Emer­gency Or­din­ance no. 181/2020 (“GEO 181/2020”) ap­prov­ing ad­di­tion­al tax meas­ures and dead­lines ex­ten­sions to sup­port busi­ness dur­ing the re­cov­ery...
10 September 2020
Ro­mania passes new tax in­cent­ives to bol­ster busi­ness
On 4 Septem­ber 2020, Ro­mania en­acted Gov­ern­ment Emer­gency Or­din­ance no. 153/2020 (GEO 153/2020), which in­tro­duces pro­gress­ive bon­ific­a­tions for com­pan­ies im­prov­ing their equity po­s­i­tion. GEO 153/2020...
05 August 2020
Ro­mani­an Tax Au­thor­ity takes a fur­ther step to­wards di­git­al­isa­tion
The on­line visu­al iden­ti­fic­a­tion pro­ced­ure, an es­sen­tial part of Min­istry of Fin­ance Or­der no. 2012/2020 (of­fi­cially passed on 11 June) that al­lows for tax au­thor­it­ies and tax­pay­ers to com­mu­nic­ate by...
29 July 2020
Ro­mania in­tro­duces tax in­cent­ives for ac­quis­i­tion of elec­tron­ic cash re­gisters
On 24 Ju­ly 2020, Law no. 153/2020 was en­acted and pub­lished, which in­tro­duces tax in­cent­ives for the ac­quis­i­tion of elec­tron­ic cash re­gisters. The pas­sage of this law was promp­ted by the fact that eco­nom­ic...
16 July 2020
Ro­mania amends tax debt re­struc­tur­ing pro­gramme
On 8 Ju­ly 2020, the Ro­mani­an par­lia­ment is­sued Law no. 114/2020 (Law 114/2020) for the ap­prov­al of Gov­ern­ment Emer­gency Or­din­ance no. 90/2020 (GEO 90/2020), re­gard­ing the tax debt-re­struc­tur­ing pro­gramme...
02 July 2020
Ro­mania opts for post­pone­ment of DAC 6 dead­lines
On 1 Ju­ly 2020, Gov­ern­ment Emer­gency Or­din­ance no. 107/2020 provid­ing for post­pone­ment of dead­lines in re­spect to DAC 6 entered in­to force in Ro­mania and was pub­lished in the Of­fi­cial Gaz­ette. The dead­line...