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State of Emergency – Fiscal implications

The State of Emergency Presidential Decree has entered into force on March 16th, 2020 and it is valid for a period of 30 days.

1. the deadline to submit the fiscal statements is extended from March 25th to April 25th;

2. any forced execution procedures (save for criminal decisions) are suspended;

3. VAT reimbursement shall be made during March for any requests that have been solved;

4. implementing a rapid VAT reimbursement starting April 1st, 2020;

5. suspending any fiscal controls, save for the ones that may be performed long distance or fiscal evasion.

Such measures are valid during State of Emergency and 30 days thereafter.

5. suspending any fiscal controls, save for the ones that may be performed long distance or fiscal evasion. Such measures are valid during State of Emergency and 30 days thereafter.