• Tax News & Insight October 2020

Tax News & Insight October 2020

23 October 2020

We kindly inform you that the Ministry of Public Finance issued a press release, on October 23rd 2020, announcing that the Government approved the simplified procedure of the schedule for payment of the budgetary obligations outstanding starting the emergency situation.

Also, according to the press release, it was decided to extend until December 25th, 2020, the period in which no interest and penalties are charged for unpaid tax obligations, for which the due date has expired after declaring the state of emergency.

Moreover, until December 25th 2020 the tax authorities will not start the enforcement, allowing debtors to decide on applying for the tax facilities offered.

In the following period we will revert with more details regarding these measures, after are published in the Official Gazette.

This publication represents a briefing on proposed amendments to legislation in force, as they are released by authorities. They do not represent amendments of the Romanian legislation, but proposals made by the authorities according to their legislative policy. The amendment project of the normative act is published by public authorities only for discussion, in accordance with legislation in force. The project may suffer amendments from the time that is released to the public until its final form, as published in the Official Gazette.

BDO is not responsible for any loss as a result of actions made on information contained in this publication.