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The Ministry of Entrepreneurship and Tourism announces that the Women Entrepreneur 2022 funding call will open on Thursday, August 18, at 10:00 a.m. Registration for the program, as well as all implementation and development of the support measure, will be done exclusively online through
The Ministry of Finance is stimulating businesses in Romania and proposes, through a draft government decision, to increase the maximum budget of the state aid scheme 807/2014 for investments with a major impact on the economy. Thus, the budget of the scheme is increased by 1 billion
Prime Minister Nicolae Ciucă announced that the budget for Start-Up Nation 2022 could be supplemented. 520 million lei have been allocated for the Start-Up Nation program, but there are already over 4,000 applications registered so far. "The Start-Up Nation program
SMEs will be able to provide employees with online training courses on emerging technologies through a funding program. The program will be managed by the Ministry of Research, Innovation and Digitalization (MCID), but it is not yet operational because the online platform is not yet operational.
Limited liability companies (SRL) will soon be free from the current obligation to pay the subscribed share capital in full upon incorporation. The payment will be made in stages, after registration, starting with November 26, 2022, avocatnet.ro announces. A percentage of
Romania will receive a total of €31.5 billion from cohesion policy in the period 2021-2027, under its partnership agreement with the Commission to promote the economic, social and territorial cohesion of its regions, as well as its green transition.
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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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