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Tax release for companies with positive or increasing equity, from the 1st of January 2021

For a clearer understanding of the concept of equity, it should be noted that from an accounting point of view, equity is the residual interest of shareholders or associates in the assets of a company, after deducting all its debts or, more simply, the difference between assets and debts of a company.

The main elements that make up a company's assets are represented by: 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»

Extension of the deadline for the tax returns 2020 and other measures to support the business environment

As a result of the difficult economic context caused by the COVID-19 coronavirus pandemic, the Minister of Finance, through a press release from the National Agency for Fiscal Administration (ANAF) announced today (Monday, 16.03.2020) a series of measures to support the business environment.

Below you can find an overview of the main provisions: read more»

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