What declaration do you have to file starting this year?
February 21, 2024Renata Ban
Another impact change for companies with the advent of GEO 115/2023 is the obligation to report high tax risk assets within Romania.READ MORE
The Finance Ministry announced the extension of certain deadlines and facilities granted to companies in order to get through the difficult period caused by the Covid-19 crisis.Read article
In order to benefit from this cancellation, all of the following conditions must be met:
The provision is contained in the GEO 19/2021 on certain tax measures and for amending and supplementing certain tax legislation.
This was a measure required by the business environment.
“The aim of this term is to further support the business environment and private taxpayers in the current difficult health and economic environment.”, specified in the project statement.
The facility is found in Act 83/2021 amending the GEO 51/1997 on leasing and leasing companies.
More specifically, the new decree, which was published in M.O No. 401 dated April 16, 2021, extends the grace period by another month, from two to three months.
The amendments to the normative document mainly concern Article 8 and Article 15, specifying the circumstances in which the lessee/user does not cover the leasing rate, the way of terminating the lease or paying the compensation.