We inform you that the Trade Register is suspending its activity between July 16 and July 25. All applications received will be taken over and prepared by the Organic Consulting team and will be resolved after July 25.
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Monday - Friday
9:00 - 17:30
Guvernul a adoptat ordonanța de urgență 115 și introduce noi condiții dure pentru microîntreprinderi. Din 2024, trecerea la impozit pe profit se face din trimestrul în care condiția nu e îndeplinită pentru anul fiscal precedent, scrie Avocatnet. Pentru aplicarea regimului
Toți beneficiarii de venit minim garantat (VMG) și de alocații pentru sprijinire familiei (ASF), dar și alte persoane/familii fără venituri sau cu venituri reduse, vor beneficia, de anul viitor, de venit minim de incluziune (#VMI), un beneficiu care include 2
RO e-Invoice becomes mandatory from January 1, 2024 for all business-to-business (B2B) transactions in Romania. In this context, the Ministry of Finance and the National Agency for Fiscal Administration have published a guide for taxpayers that provides essential information
The executive proposed an increase in the gross minimum wage to 3,700 lei, from July 1, 2024. In return, the unions demanded an increase to 3,800 lei, from the same date. "The unions' proposal was 3,800
The application period for the IMMINVEST PLUS Program has been extended until December 22, 2023, 11:59 p.m., a date until which, through the online platform www.imminvest.ro, an additional ceiling of 4.1 billion lei allocated can be accessed.
12,523 companies suspended their activity in the first 10 months of 2023. The figure represents an increase of 2,76% compared to the same period in 2022, according to data published by the National Trade Register Office (ONRC). Most of the companies that suspended their activity
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Cancellation of Accessories and Principal Debts through GEO 107/2024: What Taxpayers Need to Know
Recently, the Romanian Government adopted Emergency Ordinance no. 107/2024, a regulatory act aimed at cancelling ancillary and, under certain conditions, main debts for certain categories of taxpayers. The measure comes as a support for individuals and legal entities affected by financial difficulties and aims to facilitate tax compliance and reduce arrears to the state budget.
What does GEO 107/2024 provide?
GEO 107/2024 offers a unique opportunity for taxpayers to cancel their accessory debts (interest and late fees) and, in some cases, even outstanding principal debts.
Who can benefit from GEO 107/2024?
The ordinance is addressed to both individuals and legal entities that have outstanding debts to the state budget. Through this measure, the tax authorities want to reduce the level of indebtedness and support voluntary compliance of taxpayers.
Main categories of beneficiaries:
The main provisions include:
How is the measure applied and what are the necessary steps?
To benefit from the cancellation of accessories and/or main debts, taxpayers must follow a series of steps, including filing an application with the competent tax authority, paying the main debts (where applicable) and complying with the deadlines imposed by the ordinance. It is essential that taxpayers are informed of the deadlines and consult a tax advisor to ensure compliance.
Material prepared by the Regional Directorate of Public Finance Ploiești – AJFP Dâmbovița
Impact on taxpayers and the economy
Through this measure, the government is trying to reduce the financial pressure on taxpayers and increase the level of voluntary compliance, thus contributing to the reduction of tax arrears. In the long term, it is anticipated that this measure will improve the financial stability of taxpayers and facilitate receipts to the state budget.
Interested taxpayers are advised to consult GEO 107/2024 and contact a tax expert to understand exactly what steps they need to follow to benefit from the cancellations provided for in this ordinance.
Material prepared by the Regional Directorate of Public Finance Ploiești – AJFP Dâmbovița
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