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.
Discover more: Late payment interest and penalties concessions
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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.