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
Legal entities and individuals can request a deferral of loan installment payments for a period of up to nine months. However, only legal entities and individuals who can prove that they have been affected by the financial crisis will be able to do so.
The procedure for setting up a company in Romania is not exactly easy and involves, in addition to the file with the necessary documents, several stages. First, choosing the object of activity and establishing the CAEN code. Then, the new company name
RO e-Invoice and RO e-Transport will become mandatory from July 1. The RO e-Transport system will monitor the transport of goods on the national territory and is intended to be a new reporting system aimed at contributing to the reduction of tax evasion. Failure to comply with the provisions
The government approved on Thursday the emergency ordinance on the granting of investment grants for small and medium-sized enterprises, totaling 400 million euros. The Minister of Investments and European Projects, Marcel Boloş, announced that there will be two stages of granting
The Chamber of Deputies voted on the bill that increases the value of meal vouchers from 20.17 lei to 30 lei. An employee can receive up to 22 meal vouchers per month, which means, after the vote,
The employer will be required to pay only the first five days of the first sick leave, if the employee receives, within a period of 30 calendar days, several sick leaves for temporary incapacity for work. Until now, the employer had to bear the compensation
© 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.
