- Home
- News & Insights
Search by
Latest
Kinstellar announces new series of promotions across multiple service lines in the Bucharest office
Kinstellar is proud to announce its promotions in the Bucharest office, highlighting the achievements of colleagues who have made significant contributions to the firm and its clients. The promotions reinforce the firm’s strategic focus on recognising excellence, supporting professional growth, and further strengthening its expertise on the local market across Tax and Financial Advisory, Employment, Banking and Finance, Corporate/M&A, and Real Estate. We are delighted to highlight the following: Promotions to Partner and Counsel Theodor Artenie has been promoted to Partner. He is a Tax Advisor and the co-head of the firm-wide Tax Service Line. He is a well-known and highly ranked tax professional who
New obligations for companies: what you need to know about the second 2025 Tax Package
The law recently published in the Official Gazette no. 1160 of 15 December 2025 brings important changes to tax and corporate legislation. Obligation to hold a bank account All legal entities will be required to open a payments account in Romania for the entire duration of carrying out their activity; This formality must be completed within 60 days since incorporation, for companies established after the entrance into force of the law; Sanctions: Penalties ranging from RON 3,000 to RON 10,000. Being declared inactive by the fiscal authority. Companies organised and functioning as provided by Law no. 31/1990 that remain inactive for more than