Bonuses for taxpayers (update)
The measure granting a bonus for the payment of the corporate income tax / income tax of micro-enterprises /specific income tax was extended for the second and third quarter of 2020, provided that the debts due are paid by until the deadline, respectively July 25, 2020 and October 25, 2020.
The change compared to the first quarter of 2020 is that the bonus in amount of 10% is granted to all taxpayers, regardless of size, and will be automatically deducted by taxpayers by registering in the declaration sent to the tax authorities.
We remind you that on March 30, 2020, the Government adopted the Emergency Ordinance 33/2020 by which it ordered a series of fiscal measures that we remind you further.
The government decided to grant a bonus for payment the profit / income / specific tax due and paid until April 25, 2020.
The bonus was 5% for large taxpayers and 10% for others.
In conclusion, the bonus was granted for the tax for the first quarter of 2020 and was automatically deducted by the taxpayer.
We reproduce below the relevant text:
ART. 1 (1) Taxpayers paying tax on profit, irrespective of the system of declaration and payment provided by art. 41 of Law no. 227/2015 regarding the Fiscal Code, with the subsequent amendments and completions, which pay the tax due for the first quarter of 2020, respectively for the advance payment for the same quarter, up to the deadline of April 25, 2020 inclusive, benefit from a discount calculated on the tax on profit due as follows:
- a) 5% for large taxpayers established according to Order no. 3609/2016 regarding the organization of the activity of administration of the big taxpayers;
- b) 10% for the medium taxpayers established according to Order no. 3610/2016 regarding the organization of the activity of administration of the medium taxpayers;
- c) 10% for the other taxpayers who do not fit in the letter. a) and b).
(2) The provisions of para. (1) shall also apply appropriately to taxpayers who fall under the provisions of art. 16 paragraph (5) of Law no. 227/2015 regarding the Fiscal Code, with subsequent amendments and completions. These taxpayers benefit from the bonus provided by par. (1) if they pay the tax due for the quarter / quarterly advance payment until the due date included between April 25 and June 25, 2020.
(3) The provisions of para. (1) is also applied by taxpayers who fall under the Law no. 170/2016 regarding the specific tax for some activities, for the tax on profit for the first quarter of 2020, determined for the activities carried out, other than those corresponding to the CANE codes provided by law.
(4) For the payment of the tax on the income of micro-enterprises for the first quarter of 2020, until April 25, 2020, taxpayers shall benefit from a 10% discount calculated on the tax due for that quarter.
(5) The taxpayers applying para. (1) – (4) determines the profit tax / income tax for micro-enterprises, payment, by deducting from the bonus calculated according to this article.
(6) For the tax payers of profit, the bonus calculated according to this article, is distinctly included in the annual tax return.
