On 21 October 2015, Government Emergency Ordinance no. 44/2015 on granting certain tax concessions was published in the Romanian Official Gazette. Taxand Romania provides an overview.
Ordinance no. 44/2015 provides for the cancellation, under certain conditions, of late payment penalties and of a 54.2% share of late payment interest related to a number of tax obligations owed to the general state budget.
Taxpayers in Romania should take note of this update and arrange payment of any undeclared or unpaid taxes promptly, to make the most of the late payment and interest concessions.