New tax measures in the context of the economic difficulties caused by COVID-19

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, as well as the need to support the taxpayers’ financial resources and to ensure collection of amounts to the State budget, the Romanian Government adopted the Emergency Ordinance No. 181/2020 regarding certain fiscal-budgetary measures, for the amendment and completion of certain normative acts, as well as for the extension of certain terms (“EOG No. 181/2020“), published in the Official Gazette No. 899/26.10.2020.

Relevant highlights:

  • Simplified payment rescheduling procedure for budgetary obligations due after the declaration of the state of emergency;
  • Extension of deadlines established by Emergency Government Ordinance No. 29/2020 regarding fiscal-budgetary measures (“EOG No. 29/2020“) and Emergency Government Ordinance No. 48/2020 regarding new fiscal-budgetary measures (“EOG No. 48/2020“);
  • Exemption from specific tax (HoReCa industry);
  • Reduction of the building tax;
  • Suspension of the penalty regarding the remote connection of the fiscal electronic cash registers to the computer system of tax administration;
  • Extension of the period for submitting the notification of the intention to restructure budgetary obligations;
  • Clarification of the tax treatment applicable to the costs of medical tests for the diagnosis of COVID-19 infection.

To read the entire legal insight, please download the .pdf attached (English and Romanian).