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  • Tax News & Insight October 2020
Article:

Tax News & Insight October 2020

06 October 2020

We kindly inform you that the Ministry of Public Finance issued a press release, on October 4th 2020, announcing that it has drafted an emergency ordinance which governs the schedule for payment, in a simplified form, of unpaid budgetary obligations due to COVID-19 crisis.

According to the press release, the facility is granted for a period of 12 months, for the budgetary obligations accrued from the date of entry into the state of emergency (March 16th), under the condition that the debtors have not registered outstanding tax obligations prior the state of emergency.

Also, the press release mentions that the schedule for payment will be granted within 5 days, based on an application to which the schedule proposal is attached, without guarantees. The application may be submitted until December 15th, inclusive, for all budgetary obligations accrued from March 16th until the date of submission of the request.

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.