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THE DEADLINE FOR SUBMITTING THE SINGLE DECLARATION IS EXTENDED AND GOOD TAXPAYERS BENEFIT FROM TAX RELIEF

The Government has again extended the deadline for the submission of the single tax and contribution declaration for 2020 for the income of PFA and other independent individuals, copyright, rent, dividends and other taxpayers.

The new deadline for submitting the single declaration is 30 June 2020, as the Ministry of Finance informed. The deadline was initially May the 25th.

Those who pay taxes and contributions for 2019 by 30 June will also benefit from reductions in the amount of income tax, social security contributions and health insurance contributions, due on the revenues achieved in 2019.

More specifically, the following: read more»

The extension of the state of emergency. What should companies know?

Expected by an entire country, the extension of the emergency situation was published on 14 April 2020 in the Official Gazette of Romania n. 311, by decree of the President of Romania n. 240.

As of 15 April 2020, the state of emergency will be extended by 30 days throughout Romania. It had been established previously, even for a period of 30 days, from 16 March 2020.

The new decree supplements the first emergency measures directly applicable in a number of sectors. In this article we will focus only on those that have an impact on the business environment. We will report them below, structured on areas, as they were also included in the regulatory document.

In the economic field

  • the validity of documents issued by public authorities which expire during the state of emergency is maintained; read more»

A support programme for small and medium-sized enterprises has been approved

In the context of the new economic crisis, the support programme for small and medium-sized enterprises, which aims to grant state facilities for loans granted by credit institutions, was approved. This Regulation was published in the Official Journal, on 4 April, through OUG No. 42.

What do these structures refer to? read more»

New AMENDMENTS TO the LAW 19/2020 ON GRANTING FREE TIME TO PARENTS TO SUPERVISE the CHILDREN

The last day of school introduced a new decree amending and supplementing Law 19/2020 on parental leave to supervise children in the event of temporary closure of educational establishments (details of the previous provisions are here). This is the Government Emergency Ordinance No. 41, published in the Official Gazette No. 282 of 03.04.2020.

The new amendments concern: read more»

State aid to freelancers affected by the corona virus crisis

The Government Ordinance no. 32/2020 has introduced some changes regarding the payment of compensation to freelance professionals (as regulated by the Article 3(2) of the law 287/2009 on the Civil Code) which had to stop the activity due to the effects of SAR-Cov-2 coronavirus.

In short, the new previsions are reformulating the following new rules: read more»

HOW IS THE TECHNICAL UNEMPLOYMENT FINALLY APPLIED?

On Monday evening, after long waiting, the Emergency Ordinance on the modification and completion of the OUG No. 30/2020 was published in the Official Journal, which refers to the protection that the State will guarantee to the employees during the state of emergency, in the event of suspension of individual employment contracts, at the initiative of the employer, in accordance with Article 52 (1) (c) of Law 53/2003 - Labour Code. Shortly, we are talking about the ordered regulation governing the technical unemployment during the SAR-cov-2 crisis.

As we intended, but did not hope, the ordinance was in support of all employees affected by the spread of SAR-virus cov-2, eliminating the differentiation between employees whose employers have been forced to close down completely or partially on the basis of the decisions taken by the public authorities and those who have been indirectly affected by the measures taken. read more»

5-10% DISCOUNT FOR COMPANIES THAT PAY INCOME / PROFIT TAXES ON TIME

According to a Government Ordinance (GEO 33) published this evening (30.03.2020) in the Official Gazette, companies will be able to benefit from discounts if they pay their taxes on time.

Thus, taxpayers paying corporate income tax, regardless of the tax return system, who pay their tax due for the first quarter of 2020, respectively for the prepayment for the same quarter, until April 25, 2020 inclusively, benefit from a 5% or 10% discount, calculated on the income tax due. Microenterprises also benefit from this facility, respectively a 10% discount.

We present below the article:  read more»

HOW DO WE APPLY SUPPORT MEASURES IN THE COVID-19 CRISIS? QUICK GUIDE TO Q&A.

In the recent days we have received many questions from customers, partners, collaborators, but also from people outside our contacts, on how anti-crisis measures are applied within companies.

In order to cope with the large number of requests, but also because most of the questions are repeated, we are drawing here a list of quick questions and answers, grouped by category, a mini-guide to help companies and employees navigate more easily through this difficult period. Consider it a crisis survival kit. read more»

The procedure for issuing Emergency Certificates has been published!

This evening (25th of March 2020) the order for issuing the Emergency Certificates for the companies whose activity has been affected by the SAR-cov-2 pandemic was published in the Official Gazette.

Which are the rules?

  • the Emergency Certificates (EC) will be issued by the Ministry of Economy, Energy and Business Environment;

  • the Certificates are released, on the basis of the applicants' request, which are the business entities affected by the SAR-cov-2 pandemic;

  • The applicants are the legally authorised persons of the business entities under the provisions of OUG 30/2020 and OUG 29/2020, respectively: read more»

"Technical unemployment" - how can we benefit of the new facilities?

In the context of the economic crisis caused by the spread of coronavirus (COVID-19), many companies are forced to apply cost-cutting measures and to reduce the activity. In this context the Romanian Government adopted on March 21 an Emergency Ordinance (no. 30/2020) to establish some measures in the field of social protection. The decree also brings some additions to the temporary suspension of the individual employment contract, at the initiative of the employer, known in common language as "technical unemployment".

Technical unemployment existed also until now, being governed by the Labor Code which, in Article 53, contains provisions related to the interruption or reduction of the employer's activity:

"Article 2 53 read more»

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