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 25^th.

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:

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 25^th.

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:

• the individuals will receive a bonus of 5% income tax, social contributions and health insurance contributions, which is the annual tax due for 2019, if all obligations to pay those taxes are extinguished by payment or offsetting, fully by 30 June 2020 inclusive.
• For the submission of the single declaration on income tax and social contributions payable by electronic means of remote transmission, up to and including 30 June 2020, an additional 5% income bonus will be applied, social security and health insurance.

The granting of interest subsidies in 2020 is carried out by the taxpayer by means of a separate entry in the single extract of income tax and social contributions payable, and the tax payment obligations shall be determined by reducing the tax due for the amount of the bonus.

The single declaration relating to personal income tax and social contributions shall, where appropriate, declare:

• Income tax from Romania and/or abroad and social contributions due, for the year 2019;
• Estimated income tax of Romania and social contributions due for 2020.