On 5 August 2019, Government Ordinance No. 6/2019 for the implementation of certain tax relief (“GO 6/2019”) was published in the Official Journal of Romania No. 648.
Uder this act, taxpayers with outstanding liabilities to the national budget at the end of 2018 will be able to benefit from tax relief on payment of such debts. GO 6/2019 provides two mechanisms for granting tax relief depending on the amount of the outstanding tax liabilities as at 31 December 2018 and refers to the following:
• Restructuring of the tax liabilities outstanding as at 31 December 2018 for debtors incurring debt exceeding RON 1 million, based on a restructuring plan;
• Write-off of ancillary liabilities for debts under RON 1 million or over RON 1 million (except for legal entities) for debtors that are not eligible for the restructuring measures.
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