July 3, 2020

Emergency Ordinance regarding fiscal measures, the modification of some normative acts and the extension of some terms

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An Emergency Ordinance was adopted regarding some fiscal measures, the modification of some normative acts and the extension of some deadlines.

In the context of the SARS Cov-2 pandemic, during the state of emergency, respectively the state of alert, some fundamental rights and freedoms were restricted. Among them were the right to free movement and economic freedom. Given the major impact on the economic environment already generated by the restriction of civil rights and freedoms, the competent public authorities have instituted some fiscal measures and adopted various instruments to protect the business environment and the economic system.

According to Law no. 170/2020 regarding the specific tax of some activities, for the year 2020, the taxpayers do not owe specific tax to some activities for a period of 90 days, calculated from the date of entry into force of the Emergency Ordinance.

Taxpayers paying profit tax, regardless of the declaration and payment system provided by art. 41 of Law no. 227/2015 on the Fiscal Code, as well as payers of income tax on micro-enterprises, benefit from a 10% bonus calculated on the tax due quarterly.

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