Changes of fiscal regulations

Changes of fiscal regulations

Two of the most recent changes in the Tax Code are postponed to 01.01.2022:
1. The full deduction of the provision for certain bad debts
2. The increase of the value of houses that reduced VAT quota (5%) applies to (the new value is EUR 140,000).

The provisions of Ordinance 69/2020 regarding the possibility to cancel the interest to fiscal debts overdue at 31.03.2020 are still applicable during 01.01.2021 and 31.03.2021.

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