Extension of tax measures that are beneficial to taxpayers

A Ministry of Finance press release on 25.03.2021 provides for an extension of tax measures that are beneficial to taxpayers.

On 25.03.2021, the Ministry of Finance issued a communication, which provides for the extension of some of the measures to benefit taxpayers that have been adopted in the last year in the context of the Covid-19 crisis.

These measures shall aim at the following:

• Exemption from the payment of specific tax on certain activities in the field of HORECA calculated as from 1 April 2021. Taxpayers who owe this tax for the year 2021 recalculate the specific tax due by further decreasing the 90-day number of days for the period beginning on 1 April 2021 from 365 calendar days.
• Restructuring of budgetary obligations: The deadline for the submission of the restructuring application is extended until 31 January 2022.
• Refund of VAT with subsequent control: The deadline for taxpayers to benefit from the refund of value added tax with subsequent control is extended on 31 January 2022.
• Cancellation of accessory obligations: This tax measure continues to apply by extension of the deadline for submitting the cancellation request until 31 January 2022. This measure allows taxpayers to benefit from the deletion of tax accessories.
• Payment schedule, in simplified form, of the budgetary obligations due after the date of declaration of emergency: The deadline for granting this facility is extended until 30 September 2021. Taxpayers can benefit from a schedule of their budget obligations due after the date of the state of emergency over a period of 12 months.

Another press release of 15 March from the Ministry of Finance clarifies the option of the VAT system on collection as follows: From 1 March 2021, all taxable persons whose turnover in the previous calendar year, as well as in the current year, did not exceed the threshold of 4.500.000 lei may opt to apply the VAT system upon receipt. This option may be exercised at any time during the year.