Tuca Zbarcea & Asociatii

New tax measures in the context of current economic difficulties

In the context of the economic and financial difficulties caused by the pandemic of the new COVID-19 virus, the Romanian Government adopted the Emergency Ordinance No. 99/2020 regarding certain fiscal – budgetary measures, amendment of certain acts and extension of certain deadlines (“EOG No. 99/2020”), published in the Official Gazette No. 551/25.06.2020.

Relevant highlights:

• Specific tax;
• VAT measures;
• Measures concerning the bonuses granted for the payment of micro-enterprise tax/profit tax;
• Extension of the applicability of certain fiscal measures.

To read the entire legal insight, please download the .pdf attached