The Woman Manager

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Budget allocated for 2022: 157,624,000 lei

Project submission: starting July 2022

Eligible beneficiaries:

Microenterprises and SMEs established by individuals

At least 50% of the company's shareholders are held by women who cumulatively meet, on the date of submission of the financing project, the following eligibility criteria:

They are considered autonomous, related, or partner enterprises

They have fully private share capital

The CAEN code for which funding is requested is eligible under the Program and authorized until the time of payment of the reimbursement request.

At least one of the partners must be a woman and hold at least 50% of the company's shares/shares in the case of applying SMEs

They have no debts to the state budget; Applicants who have debts in installments are not eligible

They did not exceed the de minimis ceiling of 200,000.00 Euro during three consecutive financial years for a single enterprise

Persons who hold the status of associates / shareholders or administrator in multiple companies CANNOT apply with only one company.

Types of financial aid:

For applicants who undertake the creation and maintenance one job through the program: maximum 100,000 lei/beneficiary, an amount that may represent maximum 95% from the amount of eligible expenses (including VAT for non-paying companies) related to the project.

For applicants who undertake the creation and maintenance of the adeggs jobs through the program: maximum 200,000 lei/beneficiary, an amount that may represent maximum 95% from the amount of eligible expenses (including VAT for non-paying companies) related to the project

The following categories have a higher chance of winning:

Companies that provide 15%, own contribution

Fields of activity such as manufacturing and creative industries are favored in scoring

The share of technologies introduced in the business plan is at least 90%

The project includes environmental protection investments

Qualification courses in entrepreneurship and digital skills

Funding is provided in one of the following 2 ways:

after the investments are made!

bank loan based on the approved project

Eligible expenses

Technological equipment. Technological equipment means all tangible assets in the category of fixed assets described in groups 2.1, 2.2. and 2.3. of GD no. 2139/2004. The category of eligible technological equipment also includes tangible assets in the category of fixed assets for playgrounds, sports halls, fitness, drones, x-body and strength, equipment, respectively specific systems for the purpose of obtaining energy savings, systems that use renewable energy sources to make the activities for which funding was requested more efficient, as well as electric vehicles 100%

The acquisition of specific systems, installations and equipment for the purpose of achieving energy savings, systems that use renewable energy sources to make the activities for which funding was requested more efficient, as well as electric vehicles, is considered to meet the scoring criterion for sustainable development if the total eligible expenses in this category are at least 5% of the AFN value.

Means of transport: cars, buses, minibuses, bicycles, mopeds, motorcycles, karts, UTVs, ATVs, caravans with or without a motor, lifts, loaders, trailers and semi-trailers, platforms, isothermal and refrigerated containers, floating dock, passenger boats, pleasure boats, aircraft, utility vehicles and special purpose vehicles, with the exception of all vehicles with symbol G. 100% electric vehicles will be assimilated to the equipment provided for in 4.3.1 letter a)

Purchase of furniture, office equipment and systems for the protection of human and material values

Acquisition of workspaces, production spaces and spaces for services and commerce

Salaries, utilities (electricity, water, gas, sanitation, telephone and internet subscription), accounting services and expenses related to rent for work spaces, production spaces or spaces for services and commerce

Digital package (digitization voucher), which may contain one or more of the following eligible expenses: website presenting the activity, online store, domain registration expenses without hosting, website/online store promotion expenses, software/software necessary for the activity, electronic signature, IT equipment, PC type computing equipment, central unit, server, monitor, printer/copier/multifunction, including portable systems, licenses necessary for the activity, smart phones, tablets

The digital package (digitization voucher) represents a mandatory expense within the Program under the sanction of rejection of funding and is in a minimum amount of 25,000 lei of the total eligible expenses. The expense with the electronic signature is eligible even before the signing of the financing agreement

Financial expenses related to loans/guarantees obtained for loans contracted by beneficiaries in order to carry out projects accepted under the Program, for applicants using credit for project implementation

Consultancy for preparing documentation in order to obtain financing under this Program and for implementing the project, in an eligible amount of maximum 10,000 lei

Other important provisions:

All suppliers of goods and/or services eligible under the program must be authorized to provide/trade them.

The assets purchased, fixed assets or inventory items, must be new. Financial aid is not granted for assets purchased under a leasing system, second-hand.

All equipment purchased through the project will have to insured against all risks

The guide can be downloaded HERE

Scoring grid + Funded activities: HERE

Cancellation of Accessories and Principal Debts through GEO 107/2024

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.

Cancellation of accessories related to outstanding main budgetary obligations on August 31, 2024.
Cancellation of a percentage (25% or 50%) of the main budgetary obligations outstanding on August 31, 2024

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:

Individuals who have accumulated debts from taxes or contributions owed;
Legal entities, including SMEs, that have outstanding debts to the state budget;
Other entities that may demonstrate financial difficulties or have payment arrears.

The main provisions include:

The accessories related to the main budgetary obligations outstanding on August 31, 2024 inclusive are canceled if several conditions are cumulatively met.

Debtors, individuals, who register outstanding main budgetary obligations on August 31, 2024 inclusive in an amount of less than 5,000 lei inclusive, may benefit from: a) cancellation of a percentage of 50% of the main budgetary obligations, outstanding on August 31, 2024 inclusive, in the event that they are settled in a percentage of 50% by the date of submission of the cancellation request, but no later than November 25, 2024; b) cancellation of interests, penalties and all accessories related to the main budgetary obligations, outstanding on August 31, 2024 inclusive, if the condition in letter a) is met.

Debtors, individuals, who register outstanding main budgetary obligations on August 31, 2024 inclusive in an amount greater than 5,000 lei, may benefit from: a) cancellation of a percentage of 25% of the main budgetary obligations, outstanding on August 31, 2024 inclusive, in the event that they are settled in a percentage of 75% by the date of submission of the cancellation request, but no later than November 25, 2024; b) cancellation of interests, penalties and all accessories related to the main budgetary obligations, outstanding on August 31, 2024 inclusive, if the condition in letter a) is met.

Taxpayers paying profit tax, as well as taxpayers paying microenterprise income tax, benefit from a 3% bonus on the annual profit tax and microenterprise income tax, for the fiscal year 2024.

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.