The main fiscal measures brought by GEO 19

The main fiscal measures brought by GEO 19

The main fiscal measures brought by GEO 19 are the following:

  • The tax exemption applied to taxpayers obliged to pay the specific tax on certain activities is extended for a period of 90 days starting with April 1, 2021;
  • The application of fiscal facilities for early education (recovery of an amount of RON 1,500 per month / child from the profit tax and non-inclusion of this amount in the taxable income of employees) is suspended between 01.04.2021 and 31.12.2021;
  • The measure of fiscal amnesty introduced by Government Ordinance 6/2019 (restructuring of budget obligations) was extended until January 31, 2022 (the initial deadline was March 31, 2021);
  • Regulations were brought regarding the recapitulative statement, including clarifications on what must be declared. The recapitulative statement does not mention the intra-community operations carried out by taxable persons from Romania with taxable persons from the United Kingdom of Great Britain and Northern Ireland, except for intra-community operations involving transports of goods to / from Northern Ireland;
  • The measure of VAT refund with subsequent control was extended until January 31, 2022;
  • The amounts representing payable VAT that are not considered outstanding according to the Fiscal Procedure Code or according to other laws will not be included in the 300 statement.

Share this post