Finance News by Mazars Romania March 2023

Sun | 02.04.2023


Mazars C-suite barometer reveals bold leadership and commitment to shaping a sustainable future

Mazars releases its 2023 C-suite barometer: Bold leadership for a sustainable future. This report is the result of an in-depth survey, which took the pulse of over 800 executives from 27 countries around the world.

Main conclusions:

  • The majority of businesses (86%) have a positive outlook for growth for 2023
  • Business leaders name transforming company technology and implementing a new or revised sustainability strategy as the top two strategic priorities for the coming three to five years
  • Economic uncertainty, energy prices, geopolitical instability, and difficulty recruiting a skilled workforce named key factors holding back growth in the coming year
  • 89% of the Romanian C-suite leaders have a positive outlook for growth
  • More than half of the Romanian respondents (57%) are confident their data is “completely” protected
  • Eight in ten Romanian businesses are either currently producing a sustainability report or planning to
  • 93% of the Romanian C-suite executives believe that teamwork/camaraderie is the most essential ingredient for attracting the best talent


During the last few years, in Romania as well, we witnessed many companies go through extremely difficult situations, and the outcomes of those circumstances were almost always determined by their management team. I have seen great leaders in action and I believe that they had the strength and resilience to respond to fear and vulnerability in a way that gave them and their teams long-term success. Therefore, they are now in a position to not only confidently respond to challenges, but also shape and create new opportunities for the future.”, mentioned Dino Ebneter, Country Managing Partner, Mazars in Romania.

Read more info HERE.


Romania implemented the EU Country-by-Country Reporting Directive, by Mazars

In 2021, the growing interest and support for increased tax transparency, coupled with a heightened public interest regarding this matter, have urged the European Union (EU) to accelerate the implementation of the Public Country-by-Country Reporting (Public CbCR), through the (EU) Directive 2021/2101.

With a view of ensuring tax fairness, the Public CbCR is intended to serve as an instrument for enabling the public to assess the extent to which multinational groups are committed to ensuring that profits are paid where genuine economic value is generated.

To curb tax avoidance and enhance tax transparency, the Public CbCR requires both EU and non-EU-headquartered multinational groups with a consolidated annual turnover of over €750m in the last two consecutive financial years to publicly report their income tax information.

Mazars’ professionals have prepared an article regarding this topics.

Read more info HERE.


CEE Tax & Payroll Newsletter, by Mazars

The most recent Mazars’ CEE Tax & Payroll newsletter is here. A resource designed to keep every expert up to date with the most important changes in Albania, Austria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia, and Ukraine.


Insights to guide you through today’s evolving regional tax, labour, and payroll landscape

  • Energy crisis and transfer pricing set-up of CEE limited-risk entities;
  • How top companies run international payroll in the ever-changing business environment.

Read more info HERE.


Latest tax alerts, by Mazars

Mazars’ professionals are constantly preparing materials to help you stay up to date with the latest legislative measures.

Latest news:

  • Consistency tests on the data filled in SAF-T reporting

On 9 March 2023, RTA issued a release in respect of consistency test samples on SAF-T reports.

  • Tax amnesty concerning gift vouchers granted by companies to the employees of business partners

Law no. 43 regarding the cancellation of certain tax obligations was published in the Official Gazette no. 163/ 24.02.2023.

Read more info HERE.



This article is provided by our Finance Partner, MAZARS Romania

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