Romanian government introduces new measures in response to COVID-19

On 26 October 2020, Romania put into place Government Emergency Ordinance no. 181/2020 (“GEO 181/2020”) approving additional tax measures and deadlines extensions to support business during the recovery period. Specifically, the new measures include the following: Extension of the deadline… Read moreRomanian government introduces new measures in response to COVID-19

Romania passes new tax incentives to bolster business

On 4 September 2020, Romania enacted Government Emergency Ordinance no. 153/2020 (GEO 153/2020), which introduces progressive bonifications for companies improving their equity position. GEO 153/2020 also includes new provisions regarding the calculation of annual corporate income tax (CIT) vis-à-vis government-granted… Read moreRomania passes new tax incentives to bolster business

Romania continues the implementation of tax measures to support businesses

On 25 June, Romania put into place Government Emergency Ordinance no. 99/2020 (GEO 99/2020) approving additional tax measures and deadlines extensions to support the business environment during the recovery period after the lifting of the lockdown. Extension of existing deadlines… Read moreRomania continues the implementation of tax measures to support businesses

Romanian Government introduces new measures to support business

State budget reimbursements for employers Under the new Government Emergency Ordinance 92/2020 (“GEO 92/2020”), employers benefiting from the technical unemployment aid and employers whose employee’s labour agreements have been suspended (but did not benefit from technical unemployment aid during the… Read moreRomanian Government introduces new measures to support business

Romania introduces new tax measures in response to COVID-19

On May 14, Romania put into place Government Emergency Ordinance no. 69/2020 (GEO 69/2020) and Government Emergency Ordinance no. 70/2020 (GEO 70/2020) implementing additional fiscal measures and deadline extensions to support the nation’s business environment. In addition, the following day… Read moreRomania introduces new tax measures in response to COVID-19