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Amendments to the Government Ordinance no. 6/2016 regarding tax facilities

In this issue:

Government Ordinance no. 6/2020 amending Law no. 227/2015 regarding the Tax Code as well as for regulating tax and budgetary measures

The Ordinance amends, among others, the Government Ordinance no. 6/2016 regarding the provision of tax facilities.

The main amendments to the Government Ordinance no. 6/2019 regarding tax facilities are as follows:

- Beneficiaries of the procedure for restructuring outstanding tax liabilities are no longer subject to the condition of having recorded tax liabilities of at least RON 1 million. Hence, the amount of the tax liabilities is no longer a condition for accessing the restructuring procedure;

- Beneficiaries of the restructuring procedure may be:

  • debtors who lose the repayment rescheduling because their provisioned liquidities do not allow the repayment schedule to carry on;
  • debtors who provided guarantees for the tax liabilities according to the Tax Procedure Code;
 

- The Notice on the intention for accessing the restructuring procedure may be submitted also between February 1st and March 31st, 2020, while the initial deadline had been October 31st, 2020;

- The request for restructuring may be submitted until July 31st, 2020.

 

Feel free to reach out to us should you like to receive detailed information on the provisions brought by this normative act as well as its applicability to your business.

Also, EY can assist you with tailoring advices on how to comply with the legal requirements provided by this normative act (either for you as a natural personal, for your employees, or for the Company you represent).

For more information or details on the above you may consult the Official Gazette no. 72/31st January 2020 or you could contact us directly in order to clarify any other questions.

Prepared by:
Emanuel Băncilă – Partner, Tax Policy and Controversy Leader
 
For additional information, please contact:
Alex Milcev – Partner, Tax & Law Leader Romania
 
Ernst & Young SRL
Bucharest Tower Center Building,
22nd Floor, 15-17 Ion Mihalache Blvd.,
Sector 1, 011171, Bucharest, Romania
Tel: (40-21) 402 4000, Fax: (40-21) 310 7124
Email: office@ro.ey.com
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