Ascent Group is expanding its operations to Greece and Cyprus
Ascent Group continues its expansion plans, and November 2021 marks the conclusion of a strategic partnership, an agreement that is covering the Greek and Cypriot markets.READ MORE
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Romania’s business environment is concerned about 25 October 2020, when the deadline for companies to pay the deferred taxes in the state of emergency/alarm expires.Read article
Romania’s business environment is concerned about 25 October 2020, when the deadline for companies to pay the deferred taxes in the state of emergency/alarm expires.
There are still sectors of the economy that have not fully recovered, so the Ministry of Finance, after various discussions with the business community, decided to set up a new mechanism for payment installments to avoid a stalemate in the economy, but also because the crisis lasted longer than expected in the spring, that is, the economy is not yet showing signs of recovery.
The Ministry of Finance, Florin Citu, said they are working on an emergency ordinance to regulate the payment of budgetary obligations in a simplified form for a period of 12 months for cumulative ones from the date of entry into a state of emergency until 25 October 2020 included.
According to information made public by representatives of the Ministry of Finance, companies will benefit from a simplified procedure for the payment of debts accumulated during the crisis, under certain conditions:
What is the procedure?
It is also good that simplified payment installments can be made without the granting of guarantees.
In the case of companies that are or will be subject to tax control, any additional payment amounts will also be included in the schedule of installments, the source said.
Last but not least, from government sources, there are two other measures in place:
However, these measures are currently being proposed and we are waiting for them to be translated into legislation.