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.
Program
Monday - Friday 9:00 - 17:30
Program
Monday - Friday
9:00 - 17:30
The Competition Council has launched an analysis to identify possible barriers to digitalization that affect the free competition of small and medium-sized enterprises (SMEs). "Our goal is to improve the business environment by stimulating competition and, at the same time, to
The Government approved, on Thursday, a draft amending and supplementing the Fiscal Code, which transposes into national legislation some provisions of the European Directive on the common system of Value Added Tax, provisions that would apply from
The number of job vacancies was 40 thousand in the third quarter of 2023, an increase of 600 compared to the previous quarter and a decrease of 5,300 compared to the same quarter of 2022. The job vacancy rate
Gross budget revenues collected amounted to 346.48 billion lei, which represents an increase of 11.91% (nominal index), respectively 36.84 billion lei more than in the first ten months of 2022 (309.64 billion lei).
The government is giving up on lowering the ceilings for cash payments. "My duty is to intervene when things go in the wrong direction. The voice of the people, of rural households, of all Romanians is heard by the government," wrote Prime Minister Marcel Ciolacu
The Ministry of Economy, Entrepreneurship and Tourism (MEAT) informs that, starting with November 14, 2023, the fourth session for submitting applications for financing under the de minimis aid scheme "Support granted for the implementation of the Growth Program" opens.
© 2025 Organic Consulting. All rights reserved Website made by Seed Agency
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
FREE company formation
Call us to find out how you can start your company for FREE.
