A series of normative acts have been amended by Government Emergency Ordinance no. 99/2020 (GEO 99/2020). We present the main fiscal measures below.
For 2020, no specific tax is due for a period of 90 days as of the date of entry into force of GEO 99/2020. The amount due is calculated by dividing the tax by 365 and multiplying the resulting value by 275 (i.e. the difference between 365 days and 90 days). Taxpayers which have ceased their activity, in whole or in part, due to the state of emergency, can similarly recalculate their specific annual tax.
Until 1 October 2020, the following operations with protective masks and medical fans are exempt from value added tax (VAT) with the right to deduct:
A 10% discount is granted to corporate tax payers, regardless of the declaration and payment system, and micro-enterprise revenue tax payers which pay the tax due quarterly / quarterly advance payment by the due dates of 25 July 2020, for quarter II, and by 25 October 2020, for quarter III.
The 10% discount also applies to taxpayers which have opted for a financial year other than the calendar year and which pay the tax due quarterly / quarterly advance payment by the due date, if applicable, between 26 June and 25 September 2020 inclusive, and between 26 September and 25 December 2020 inclusive, in accordance with the law.
The following facilities have been extended until 25 October 2020:
[Government Emergency Ordinance no. 99/2020 regarding some fiscal measures, the modification of some normative acts and the extension of some terms, published in the Official Gazette no. 551 of 25 June 2020]
For 2020, the specific tax regulated by Law no. 170/2016 is not due for a period of 90 days.
Deliveries, imports and intra-Community acquisitions of personal protective masks and medical ventilators made to / by the public institutions responsible for setting up the rescEU reserve are exempt from VAT until 1 October 2020.
A 10% discount is granted to corporate income taxpayers, regardless of the reporting and payment system, micro-enterprise revenue taxpayers and specific taxpayers which pay the tax due by the deadlines set for quarters II and III of 2020. The measure also applies to taxpayers with a modified tax year.
The following measures have been extended until 25 October 2020: the measure of postponing the calculation of interest and late-payment penalties for due tax obligations; enforcement measures by seizure of budget receivables; the VAT refund procedure with subsequent fiscal inspection established by GEO 48/2020; and the calculation of interest and late-payment penalties for unpaid scheduled instalments under the Fiscal Procedure Code.