Romania: Tax concessions relating to late payment interest and penalties

Tax concessions relating to late payment interest...

Government Emergency Ordinance no. 44/2015 on granting certain tax concessions (“the Ordinance”) has been published in the Official Journal of Romania (no. 785; 21 October 2015).

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The Ordinance provides for the cancellation, under certain conditions, of late payment penalties and of a 54.2% share of late payment interest related to the following tax obligations owed to the general state budget, under the administration of the central fiscal authority (ANAF):

  • Tax obligations unpaid as at 30 September 2015.
  • Tax differences declared by taxpayers in rectifying tax returns that correct tax obligations due prior to 30 September 2015.
  • Tax obligations due no later than 30 September 2015 and paid prior to that date (provided that related penalties and interest were unpaid as at 30 September 2015).
  • Additional principal tax obligations due no later than 30 September 2015, stated in decisions issued as a result of a tax audit in progress at the date of entry into force of the Ordinance

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