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 National Top of Companies 2023, a ranking carried out by the Chamber of Commerce and Industry of Romania (CCIR), records positive trends for all the indicators that formed the basis of its creation, such as: number of companies, turnover, profit and number
The National Trade Union Bloc proposes to the Romanian Government that the minimum wage be increased to 4,600 lei gross for the construction sector, and to 3,500 lei gross in agriculture. The NBS draws the Government's attention to the fact that, in order to increase the two minimum wages,
Romanian Prime Minister Marcel Ciolacu spoke about the new fiscal measures on Wednesday. "We want to stimulate honest work and discourage loopholes for tax optimization and evasion. We propose a balanced approach, with four components," said Marcel Ciolacu, at the start of the meeting.
The number of dissolved companies increased in the first seven months of 2023. 14.14% is the percentage by which the number of dissolved companies increased compared to the same period last year. According to data centralized by the National Trade Register Office (ONRC), 22,193
The minimum wage will increase from 3,000 lei to 3,300 lei from October 1, announced the Minister of Investments and European Projects, Adrtian Câciu, on Thursday. The minimum wage in construction will also be increased from 4,000 lei to 3,300 lei.
8,332 companies were deregistered nationwide in the first seven months of 2023. The number is 6,52% lower than the same period last year, informs the National Trade Register Office (ONRC). Bucharest is the leader in the chapter
© 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.
