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New non-reimbursable grants have been approved!

Besides reimbursable financing provided under the IMM Invest Romania program, companies can now also benefit from non-reimbursable financing, which is regulated by emergency ordinance no. 130/2020 published on August 6.



We summarize below the main information regarding these grants.



Types of grants:

  • A. microgrants of a lump sum amount of EUR 2.000;

  • B. working capital grants in lump sum, up to a percentage of the yearly turnover;

  • C. grants for investments in production.

Who is it for?



  • Small and medium-sized enterprises (SMEs) – they benefit from all 3 forms of grant;

  • Authorized individuals, individual medical cabinets, NGOs with business activity - they benefit only from microgrants.

Characteristics of the 3 forms of support:

 read more»

New tax deferrals and other tax measures to support the business environment

In view of the current situation, which is burdensome for the business environment, a new OUG project has been created, which is intended to bring additional exemptions and facilities for the companies.

These facilities concern: read more»

THE YELLOW EMERGENCY CERTIFICATES MAY ALSO BE REQUIRED FOR THE MONTH OF APRIL

News about emergency certificates were published on M.O. 385 on May the 13th.

According to the new provisions, the economic operators who suffered from the effects of the SAR-Cov2 pandemic in april, can benefit from the certificate of emergency TYPE 2 (yellow) situations following the completion of a self-declaration. The statement must indicate that there is a decrease in revenues of at least 25% in March or April 2020 compared to the average for January and February 2020.

But companies now have another statement available to get the certificate of emergency situations. In fact, the new declaration used only adds the month April 2020 (along with March), as the month in which the decrease in income/income achieved is decreased by more than 25% compared to the average income of January-February 2020. 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»

Anti-crisis measures for the economy. What do you need to know?

Given the multitude of new regulations, press releases and confusion created in the media, we are resuming the main economic and fiscal-budgetary measures regulated by the 21th of March 2020.

The concrete measures established by the Government through the 29/2020 Emergency Decision are the following: read more»

DEFERRAL OF TAXES AND DUTIES

The current context, triggered by the COVID19 epidemic, is already creating numerous difficulties and challenges for companies, with a new economic crisis on the horizon. The bill on the amendment of certain provisions of the Tax Code to change the payment deadlines for a series of substandard taxes in the next period was presented to the Chamber of Deputies yesterday.

Therefore, the taxes and duties in the bill are:

  • income tax for fiscal year 2019 and first quarter 2020;

  • income tax on micro-enterprises for the first quarter of 2020;

  • payroll taxes and salaries between February and April 2020;

  • Social health contributions related to wages received in the period February-April 2020; read more»

Dividends may be payed also during the year!

The law permitting the payment of dividends during the year was voted. According to the principle "autumn is a time of harvest ", perhaps from September or October this year we will already be able to reap the "fruits" of the business.

On July 12, the normative act (Law 163/2018) amending the dividend payment procedure was published, which allowes the distribution of the profit between the companies' shareholders also quarterly, within the limit of the net profit realized after the preliminary filing of an interim financial statement . read more»

What we need to know about personal data protection procedure

The European Parliament and the Council of Europe adopted on 27 April 2016 the EU2016 / 679 Regulation on the protection of individuals with regard to the processing of personal data. Its provisions will be applicable in all Member States of the European Union as of 25 May 2018. read more»

The summary of the legislative changes in 2018

The year 2018 started with a lot of fiscal changes, contained in various normative acts. This is why we are trying to make a brief recap of the legislative changes that take place this year and a reminder of the main checks and declarations to be made at the beginning of the year: read more»

Legal and fiscal news for 2017

Starting with 2017 a series of legislative changes will take place. Some are applicable from the 1st of January, the others from the 1st of February. We have grouped them in several main categories:

The corporate income tax:

  • The taxpayers engaged exclusively in innovation, research and development activities will be exempted from profit tax in the first 10 years of service;
  • Will be extended the deadline for the tax exemption regarding reinvested profit in technological equipment, computers, electronics and peripheral equipment, and also software.

The income tax for microcompanies read more»

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