On 4 September 2020, Romania enacted Government Emergency Ordinance no. 153/2020 (GEO 153/2020), which introduces progressive bonifications for companies improving their equity position. GEO 153/2020 also includes new provisions regarding the calculation of annual corporate income tax (CIT) vis-à-vis government-granted… Read moreRomania passes new tax incentives to bolster business
The online visual identification procedure, an essential part of Ministry of Finance Order no. 2012/2020 (officially passed on 11 June) that allows for tax authorities and taxpayers to communicate by electronic means, is scheduled to enter into force on 11… Read moreRomanian Tax Authority takes a further step towards digitalisation
On 24 July 2020, Law no. 153/2020 was enacted and published, which introduces tax incentives for the acquisition of electronic cash registers. The passage of this law was prompted by the fact that economic operators had been obliged to adopt… Read moreRomania introduces tax incentives for acquisition of electronic cash registers
On 8 July 2020, the Romanian parliament issued Law no. 114/2020 (Law 114/2020) for the approval of Government Emergency Ordinance no. 90/2020 (GEO 90/2020), regarding the tax debt-restructuring programme introduced by the Romanian government in 2019. Law 114/2020 entered into… Read moreRomania amends tax debt restructuring programme
On 1 July 2020, Government Emergency Ordinance no. 107/2020 providing for postponement of deadlines in respect to DAC 6 entered into force in Romania and was published in the Official Gazette. The deadline to report cross-border arrangements for the period… Read moreRomania opts for postponement of DAC 6 deadlines
On 25 June, Romania put into place Government Emergency Ordinance no. 99/2020 (GEO 99/2020) approving additional tax measures and deadlines extensions to support the business environment during the recovery period after the lifting of the lockdown. Extension of existing deadlines… Read moreRomania continues the implementation of tax measures to support businesses
State budget reimbursements for employers Under the new Government Emergency Ordinance 92/2020 (“GEO 92/2020”), employers benefiting from the technical unemployment aid and employers whose employee’s labour agreements have been suspended (but did not benefit from technical unemployment aid during the… Read moreRomanian Government introduces new measures to support business
On May 14, Romania put into place Government Emergency Ordinance no. 69/2020 (GEO 69/2020) and Government Emergency Ordinance no. 70/2020 (GEO 70/2020) implementing additional fiscal measures and deadline extensions to support the nation’s business environment. In addition, the following day… Read moreRomania introduces new tax measures in response to COVID-19
On 9 April 2020, the Romanian government approved Government Emergency Ordinance no. 48/2020 (GEO 48/2020), which implements a series of tax measures pertaining to the current crisis. This ordinance entered into force on 16 April 2020 after appearing in the… Read moreRomanian government approves additional tax measures in response to COVID-19
In a bid to support Romania’s business environment and social protection during coronavirus crisis, on 31 March the Romanian government issued two emergency decrees that create new and favourable tax measures. The decrees passed include Government Emergency Ordinance no.32/2020 for… Read moreRomania implements additional tax measures in response to COVID-19
