donderdag 26 april 2012

business center romania buzau - rent an office in Buzau

  Buzau a central location. The city of Buzău (Romanian pronunciation: [buˈzəw]) is the county seat of Buzău County, Romania, in the historical region of Wallachia. It lies near the right bank of the Buzău River, between the south-eastern curvature of the Carpathian Mountains and the lowlands of Bărăgan Plain. It is close to the capital Bucharest (120 km) and close to the Black Sea and Brasov, Pitesti and Ploiesti. Buzău is an important modern city in south-eastern Romania.

  The province of Buzau, Romania and East Flanders, Belgium are "twins". Since 1995 there is a cooperation agreement between East- Flanders and the province of Buzau. The cooperation has been initiated by the Belgian Governor Herman Balthazar and later by governor André Denys and from the Romanian side prefect Ion Vasile and the president of the county counsel Victor Mocanu.

  There was an important collaboration with the hospital of Buzau and financial aid from the province of East- Flanders (http://www.spitalulbuzau.ro/colaborari_en.php).

  For this reason the Belgian Romanian Real Estate Chamber has an office in Buzau and not in Bucharest since 2006.

For this reason we have created the Belgian Romanian Business Center in Buzau in 2011 in Maracineni 5 km from the city center in Buzau. The center is a business center and incubation center for Belgian companies that want to develop activities in Romania. We thank the Romanian side for the support on this project. This project is very important in the framework of collaboration between the provinces. At this moment there are 4 companies present and two more will be registered before the summer of 2012. 

  We would like to thank the local authorities for the support that they give and will give to Belgian investors in order to have a fast company creation, registration of the office at anaf and for the support in obtaining the vat number and ROI certificates and registration of employees at the start-up of the company.

  Freddy Jacobs

Data: 25 April 2012 

frjacobs@telenet.be

President Belgian Romanian Real Estate Chamber 

  We represent the Belgian owner of the business center in Buzau with full powers

zondag 15 april 2012

Report on the waste sector in Romania 2012

For the implementation in 8 development regions of the National Waste Management
Plan, Regional Waste Management Plans (RWMP) have been issued, with a view to
develop and implement an integrated waste management system, economically and ecologically efficient. Targets to comply with National and EU objectives and including projections for the necessary investment in equipment and facilities have been set up in the RWMP. The waste management legislation in Romania is in line with the acquis communautaire. In the process of negotiating the access to EU, Romania obtained transition periods until 2017 for certain waste types, in order to comply with EU Directives as follows: municipal landfills - transition period until 2017, temporary storage of hazardous industrial waste - 2009; industrial waste landfills – transition periods until 2013.

Between 2011 and 2013, 75 non - compliant landfills are still to be closed. In accordance with the Accession Treaty, Romania needs to ensure the gradual reduction of waste stored in the 101 municipal landfills which do not comply,by capping the maximum quantities stored annually as follows:

• by end 2010: max. 2 900 000 t;
• by end 2011: max. 2 740 000 t;
• by end 2012: max. 2 460 000 t;
• by end 2013: max. 2 200 000 t.

According to Directive 1999 / 31 / EC and Government Decision 162 / 2002, Romania must reduce the quantity of biodegradable municipal waste deposited annually, as compared with 2001 (in weight), to 50% till 2010 and to 35% till 2017. Other periods of transition have been obtained for some targets in the field of packaging waste by 2013, aimed at significantly reducing the amount of waste to be stored.

Landfill

•2013 – closure of 238 existing municipal landfills which are not in compliance with EU
regulations;
•Construction of 65 municipal landfills which are in compliance with EU regulations (min.
capacity of 100,000 t/year – regional) – transfer stations;
•2016 – reduction of the quantity of solid waste disposed in 101 municipal non-hazardous waste
which are not in compliance with EU regulations;
•2013 – reduction of the quantity of liquid waste disposed in 23 plants which are not in
compliance with EU regulations;
•2006 – 2011 – reduction of the quantity of liquid waste disposed in five sedimentation ponds
which are not in compliance with EU regulations.

Biodegradable waste management

The Strategy provides to reduce the removal by landfills of biodegradable waste:

•by 25% up to 2011;
•by 50% up to 2015;
•by 65% up to 2016,

compared with the quantities generated in 1995.

Selective collecting of packaging waste – M.O. No. 1281/2005

Containers – inscriptions and colours:

•Non - recyclable waste – black/grey;
•Biodegradable waste – brown;
•Paper/cardboard – blue;
•Glass white/coloured – white/green;
•Ferrous and plastic – yellow;
•Hazardous waste – red.

Packaging and packaging waste (directive 94/62/ce)

•2013 – recycling target level - 55%
•2013 – revaluation target level – 62%

WEEE (Directive 2002/96/CE)

Targets:
31.12.2008 – 4 kg WEEE/inhabitant/year
31.12.2008 – recovery and recycling …

Incineration of waste

Transition period until 2009 for the close-up of 335 crematoria located in the hospital and construction of 8 regional incineration plants for medical hazardous waste and one national incineration plant for industrial hazardous waste.

Different programs, absolutely necessary to fulfill the legislation requirements, will be implemented in Romania in the period 2008 - 2016:

- construction of 65 new landfills in compliance with UE and Romanian legislation; except the existing 20 should be constructed other 45 new landfills;
- transfer station at the level of each county for small localities;
- regional sorting plants;
- recycling plants;
- composting plants;
- construction of 8 incinerators for medical waste (one for each region);
- construction of an industrial hazardous waste incinerator, estimated capacity 62,000 tons/year;
- co incineration of some municipal waste categories in the cement kilns;
- construction of municipal incineration plants with minimum capacity of 150,000 tons/year (each);
locations in Region 1, Region 6 and Region 8.

The tendency is to build, as much as possible under technical and economical point of view, regional waste treatment platforms for treatment- recycling and final disposal of municipal waste. For the moment the existing projects are connected with the construction of new landfills with the obligation the close-up the existing landfill, but the Romanian investors analyse the extension of the existing projects with sorting and recycling stations for municipal waste, WEEE, used oils, aso.

In order to be economically feasible, the locations of the regional waste treatment platforms will be located near the big cities.

Type of EU financed projects

The EU financing scheme for this domain offers subsidies for projects which usually
cover extended regional areas, either urban or rural. The main purpose of the financial scheme is to implement or complete the infrastructure for the integrated waste management system, starting from collection and transport to final disposal and / or recycling solution. There will be funded major projects, with values exceeding EUR 25 million. Maximum funding of total eligible costs of a project is 98% (of which 80% are provided by FEDR and 18% are provided by the national budget). Project beneficiaries which usually are the local authorities through the District Councils must provide the remaining 2% and have to cover the expenditure for the non - eligible costs.

According to SOP - Environment, the main objectives of the Priority Axis 2 - Area of
intervention “Development of integrated waste management and waste
management infrastructure expansion”, are as follows:

• Increase coverage of the population receiving municipal waste collection and
management services of appropriate quality and affordable tariffs
• Reduce the amount of waste deposited
• Increase the amount of waste recycled and recovered
• Establishment of efficient waste management structures

The operations to be developed under this key area of intervention will finance the
following indicative activities:

• Acquisition and installation of selective collection systems
• Construction of sorting, recycling and composting facilities
• Acquisition of waste transport vehicles
• Construction of municipal waste disposal facilities and transfer stations
• Recovery of gas from landfills, where appropriate
• Construction of adequate facilities for municipal hazardous waste (medical waste, electric and electronics waste, etc.) and other specific municipal waste streams (construction and demolition waste, etc.)
• Closure of non - compliant landfills
• Technical assistance for project preparation, management and supervision, publicity and awareness campaigns (on selective collection, sorting, recycling, composting), institutional governance improvement, tendering and selection of waste services operators.

More info frjacobs@telenet.be

Source: EVD, case study region 8 bucharest Ilfov, internet research and some interviews

maandag 9 april 2012

Report on the waste sector in Romania 2012

For the implementation in 8 development regions of the National Waste Management
Plan, Regional Waste Management Plans (RWMP) have been issued, with a view to
develop and implement an integrated waste management system, economically and ecologically efficient. Targets to comply with National and EU objectives and including projections for the necessary investment in equipment and facilities have been set up in the RWMP. The waste management legislation in Romania is in line with the acquis communautaire. In the process of negotiating the access to EU, Romania obtained transition periods until 2017 for certain waste types, in order to comply with EU Directives as follows: municipal landfills - transition period until 2017, temporary storage of hazardous industrial waste - 2009; industrial waste landfills – transition periods until 2013.

Between 2011 and 2013, 75 non - compliant landfills are still to be closed. In accordance with the Accession Treaty, Romania needs to ensure the gradual reduction of waste stored in the 101 municipal landfills which do not comply,by capping the maximum quantities stored annually as follows:

• by end 2010: max. 2 900 000 t;
• by end 2011: max. 2 740 000 t;
• by end 2012: max. 2 460 000 t;
• by end 2013: max. 2 200 000 t.

According to Directive 1999 / 31 / EC and Government Decision 162 / 2002, Romania must reduce the quantity of biodegradable municipal waste deposited annually, as compared with 2001 (in weight), to 50% till 2010 and to 35% till 2017. Other periods of transition have been obtained for some targets in the field of packaging waste by 2013, aimed at significantly reducing the amount of waste to be stored.

Landfill

•2013 – closure of 238 existing municipal landfills which are not in compliance with EU
regulations;
•Construction of 65 municipal landfills which are in compliance with EU regulations (min.
capacity of 100,000 t/year – regional) – transfer stations;
•2016 – reduction of the quantity of solid waste disposed in 101 municipal non-hazardous waste
which are not in compliance with EU regulations;
•2013 – reduction of the quantity of liquid waste disposed in 23 plants which are not in
compliance with EU regulations;
•2006 – 2011 – reduction of the quantity of liquid waste disposed in five sedimentation ponds
which are not in compliance with EU regulations.

Biodegradable waste management

The Strategy provides to reduce the removal by landfills of biodegradable waste:

•by 25% up to 2011;
•by 50% up to 2015;
•by 65% up to 2016,

compared with the quantities generated in 1995.

Selective collecting of packaging waste – M.O. No. 1281/2005

Containers – inscriptions and colours:

•Non - recyclable waste – black/grey;
•Biodegradable waste – brown;
•Paper/cardboard – blue;
•Glass white/coloured – white/green;
•Ferrous and plastic – yellow;
•Hazardous waste – red.

Packaging and packaging waste (directive 94/62/ce)

•2013 – recycling target level - 55%
•2013 – revaluation target level – 62%

WEEE (Directive 2002/96/CE)

Targets:
31.12.2008 – 4 kg WEEE/inhabitant/year
31.12.2008 – recovery and recycling …

Incineration of waste

Transition period until 2009 for the close-up of 335 crematoria located in the hospital and construction of 8 regional incineration plants for medical hazardous waste and one national incineration plant for industrial hazardous waste.

Different programs, absolutely necessary to fulfill the legislation requirements, will be implemented in Romania in the period 2008 - 2016:

- construction of 65 new landfills in compliance with UE and Romanian legislation; except the existing 20 should be constructed other 45 new landfills;
- transfer station at the level of each county for small localities;
- regional sorting plants;
- recycling plants;
- composting plants;
- construction of 8 incinerators for medical waste (one for each region);
- construction of an industrial hazardous waste incinerator, estimated capacity 62,000 tons/year;
- co incineration of some municipal waste categories in the cement kilns;
- construction of municipal incineration plants with minimum capacity of 150,000 tons/year (each);
locations in Region 1, Region 6 and Region 8.

The tendency is to build, as much as possible under technical and economical point of view, regional waste treatment platforms for treatment- recycling and final disposal of municipal waste. For the moment the existing projects are connected with the construction of new landfills with the obligation the close-up the existing landfill, but the Romanian investors analyse the extension of the existing projects with sorting and recycling stations for municipal waste, WEEE, used oils, aso.

In order to be economically feasible, the locations of the regional waste treatment platforms will be located near the big cities.

Type of EU financed projects

The EU financing scheme for this domain offers subsidies for projects which usually
cover extended regional areas, either urban or rural. The main purpose of the financial scheme is to implement or complete the infrastructure for the integrated waste management system, starting from collection and transport to final disposal and / or recycling solution. There will be funded major projects, with values exceeding EUR 25 million. Maximum funding of total eligible costs of a project is 98% (of which 80% are provided by FEDR and 18% are provided by the national budget). Project beneficiaries which usually are the local authorities through the District Councils must provide the remaining 2% and have to cover the expenditure for the non - eligible costs.

According to SOP - Environment, the main objectives of the Priority Axis 2 - Area of
intervention “Development of integrated waste management and waste
management infrastructure expansion”, are as follows:

• Increase coverage of the population receiving municipal waste collection and
management services of appropriate quality and affordable tariffs
• Reduce the amount of waste deposited
• Increase the amount of waste recycled and recovered
• Establishment of efficient waste management structures

The operations to be developed under this key area of intervention will finance the
following indicative activities:

• Acquisition and installation of selective collection systems
• Construction of sorting, recycling and composting facilities
• Acquisition of waste transport vehicles
• Construction of municipal waste disposal facilities and transfer stations
• Recovery of gas from landfills, where appropriate
• Construction of adequate facilities for municipal hazardous waste (medical waste, electric and electronics waste, etc.) and other specific municipal waste streams (construction and demolition waste, etc.)
• Closure of non - compliant landfills
• Technical assistance for project preparation, management and supervision, publicity and awareness campaigns (on selective collection, sorting, recycling, composting), institutional governance improvement, tendering and selection of waste services operators.

More info frjacobs@telenet.be

Source: EVD, case study region 8 bucharest Ilfov, internet research and some interviews

zaterdag 7 april 2012

Taxes on the renumeration of administrators in Romania in 2012 - a tax friendly system

Romania offers a tax friendly renumeration system for administrators. They can be Romanian citizens , European citizens or any other nationality. The law changed in 2011 and we present a calculation model for 2012.

Tax regime after G.E.O. no. 125/2011

According to the provisions of Fiscal code in force, after the issue of G.E.O. no. 125/2011, the indemnity of designated administrators still represents an income assimilated to salaries. Tax treatment from a tax income point of view is the same, and legal basis, on these lines, remained the same [art. 55 paragraph (2) letter j) Fiscal code].

Regarding mandatory social contributions for these incomes, administrators' indemnity is still part of the computation basis of individual social contributions [art. 2964 paragraph 1letter e) Fiscal code] and of the computation basis of contributions due by the income payer (art. 2965 Fiscal code).

However, exemptions from payment of contributions provided by art. 29616 Fiscal code were modified. Indemnities paid to administrators are exempted from payment of:

- individual contribution to unemployment insurance budget and contribution due by the income payer to unemployment insurance budget [letter c1) Fiscal code];

- contribution for work accidents and professional disease insurance due by the income payer to state social security budget [letter d1) Fiscal code];

- contribution for salary claims payment to the Indemnification fund [letter f) Fiscal code];

In other words, after the issue of G.E.O. no. 125/2011, for these incomes, is due the following:

- individual social health insurance contribution;

- contribution due by the income payer to the Unique social health insurance fund budget;

- contribution for leave and social health insurance indemnities due by the income payer to the Unique social health insurance fund budget;

- individual social security contribution;

- contribution due by the income payer to state social security budget;

- tax income.

Regarding social security contribution, this is now also due for trading company administrators' remuneration. Computation basis of contribution to social security is limited, both for individual contribution (to the amount of 5 times the average gross earnings) and for contribution due by the income payer (to the amount of product between the number of insured persons for whom differential contribution is due by the employer according to work conditions, starting with the month when this contribution due to state social insurance budget is calculated and the amount corresponding to 5 times the average gross earnings).

Conclusions

Indemnities paid to trading company administrators are not subject to exemptions from payment of individual social contributions and social contributions due by the income payers. Administrators' remuneration is now subject to CAS, and the impact of these modifications will be felt both by trading company administrators, who are remunerated like this, and companies which pay these incomes.

Even if the computation basis of these contributions is limited according to the amount of the average gross earnings, the impact is a significant one, from a financial point of view.

Thus, we take as example an administrator who obtains monthly earnings of 12.000 lei.

Trading company administrators' remuneration

After G.E.O. no. 125/2011




Gross income

12.000

Individual contributions

CAS - 10,5%

-1.111

CASS - 5,5%

-660

UNEMPLOYMENT - 0,5%

n/a

Income payer contributions

CAS - 20,8%

-2.202

CASS - 5,2%

-624

UNEMPLOYMENT - 0,5%

n/a

FAMBP - 0,15%-0,85%

n/a

CCI - 0,85%

-71

Indemnification fund - 0,25%

n/a

Deduction

0

Tax income - 16%

-1.173

Net income

9.056

Employer additional cost

2.205

Total cost

14.897

Limitation CCI basis

8.400

Limitation CAS basis

10.585

The calculation is for reference only, since, at least from a contribution due by the income payer point of view, the limitation of the computation basis takes into consideration incomes realized by all employees of the company. The impact is reflected in the fact that net income has decreased by 581 lei (approximately 6%), and employer (income payer) cost increased by 2.205 lei (almost 4 times).

Implications are more unfavorable in case the company pays remuneration equal to 5 times more than the average gross earnings to the administrator, but at the same time, it also has other employees with salaries under the amount of 5 times the average gross earnings. In that event, employer's contribution increases, because the incomes of the other employees, which are situated under that ceiling, are compensated with the income of the administrator which exceeds that ceiling.

Modifications of application norms of the Fiscal code brought by G.D. no. 52/2012 also confirm arguments presented above.



More info frjacobs@telenet.be



Source: Courierul fiscal februarie 2012