Companies can request the rescheduling of tax obligations for 12 months

Companies that have unpaid tax obligations after the declaration of a state of emergency (COVID-19) will be able to request the payment of these amounts in a period of up to 12 months, without guarantees and with their own repayment schedule.

The Ministry of Public Finance has drafted an emergency ordinance regulating the payment rescheduling, in simplified form, of unpaid budgetary obligations following the COVID-19 crisis. The facility is granted for a period of 12 months, for the budgetary obligations accumulated since the date of entry into the state of emergency (March 16), provided that the debtors have not registered outstanding tax obligations before the state of emergency.

The rescheduling will be granted within a maximum of 5 days, based on a request to which the schedule proposal is attached, without the need to provide guarantees.

"The main concern of the Government, after the health of the population, is to restart the economy and avoid a prolonged recession, as happened in 2008. That is why we prefer to borrow more temporarily from the state budget and support the business environment by maintaining financial liquidity and supporting the activity. Today, all the states of the world support their national economies, realizing that there is a period of redefining the business and repositioning the multinationals worldwide ", declared the Minister of Public Finance, Florin Cîțu.

Applications for rescheduling may be submitted until 15 December, inclusive, for all budget obligations accruing from 16 March until the date of submission of the application.

In the case of companies that are or will be subject to a tax audit, any additional payment amounts will also be included in the rescheduling schedule. The companies that benefit from the payment deferral of the outstanding budget debts will have the obligation to pay up to date all the taxes and duties that will be born and due after receiving the rescheduling.

The simplified procedure will involve submitting an application, with an attached staggered schedule, at equal or unequal rates, depending on how each taxpayer assesses.

A requirement for companies that will receive the rescheduling for 12 months is not to be found in any of the insolvency proceedings.

This form of facility is a simplified one, in support of the business environment for maintaining liquidity in various markets affected by the COVID-19 crisis, as well as for complying with the obligations it owes.