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COVID-19 Legal Insights
 
 
 
COVID-19 Legal Insights
COVID-19 Legal Insights is our response to the COVID-19 outbreak. We shall keep you informed on the various legal challenges posed by the coronavirus, thanks to a dedicated practice group comprising lawyers with different backgrounds, such as compliance/regulatory, corporate and commercial, insurance, labour and employment, litigation and arbitration, insolvency, public procurement, data privacy, tax and customs. In addition, our taskforce offers strategic advice on crisis-specific matters: corporate restructuring, review and (re)negotiation of agreements (including collective bargaining agreements and individual employment contracts), performance of the contracts which are affected by force majeure and hardship, unblocking pre-litigation relationships, etc.
COVID-19 Legal Insights is our response to the COVID-19 outbreak. We shall keep you informed on the various legal challenges posed by the coronavirus, thanks to a dedicated practice group comprising lawyers with different backgrounds, such as compliance/regulatory, corporate and commercial, insurance, labour and employment, litigation and arbitration, insolvency, public procurement, data privacy, tax and customs. In addition, our taskforce offers strategic advice on crisis-specific matters: corporate restructuring, review and (re)negotiation of agreements (including collective bargaining agreements and individual employment contracts), performance of the contracts which are affected by force majeure and hardship, unblocking pre-litigation relationships, etc.
In the context of the economic and financial difficulties caused by the spread of the COVID-19 virus, the Romanian Government has adopted the Emergency Ordinance No. 33/2020 regarding certain fiscal measures and the amendment of certain normative acts, published in the Official Gazette No. 260/30.03.2020. Relevant highlights: Taxpayers paying on time the corporate income tax due on 25 April 2020 will receive a bonus of 5% or 10%; VAT is no longer payable for imports of goods used for the prevention and treatment of COVID-19. To read the entire legal insight, please download the .pdf attached (English and Romanian).
New fiscal measures in the context of the economic difficulties caused by the COVID-19 epidemic: corporate income tax and VAT for certain imports (31 March)
 

In the context of the economic and financial difficulties caused by the spread of the COVID-19 virus, the Romanian Government has adopted the Emergency Ordinance No. 33/2020 regarding certain fiscal measures and the amendment of certain normative acts, published in the Official Gazette No. 260/30.03.2020.

Relevant highlights:

  • Taxpayers paying on time the corporate income tax due on 25 April 2020 will receive a bonus of 5% or 10%;
  • VAT is no longer payable for imports of goods used for the prevention and treatment of COVID-19.

To read the entire legal insight, please download the .pdf attached (English and Romanian).

In the context of the economic and financial difficulties caused by the COVID-19 epidemic, the Romanian Government adopts the Emergency Ordinance No. 29/2020 regarding new fiscal-budgetary measures, published in the Official Gazette No. 230/21.03.2020. As such, amendments to the Fiscal Code, the Fiscal Procedure Code and the Government Ordinance No. 6/2019 were introduced, such as: Extension of the deadline for payment of local taxes; Facilities for taxpayers applying the advance payments system for CIT purposes; Alleviation of punitive measures; Extension of the period during which the facility for restructuring the tax obligations can be requested. To read the entire legal insight, please download the .pdf attached (English and Romanian).
New fiscal and budgetary measures in the context of the economic difficulties caused by the COVID-19 epidemic (21 March)
 

In the context of the economic and financial difficulties caused by the COVID-19 epidemic, the Romanian Government adopts the Emergency Ordinance No. 29/2020 regarding new fiscal-budgetary measures, published in the Official Gazette No. 230/21.03.2020.

As such, amendments to the Fiscal Code, the Fiscal Procedure Code and the Government Ordinance No. 6/2019 were introduced, such as:

  • Extension of the deadline for payment of local taxes;
  • Facilities for taxpayers applying the advance payments system for CIT purposes;
  • Alleviation of punitive measures;
  • Extension of the period during which the facility for restructuring the tax obligations can be requested.

To read the entire legal insight, please download the .pdf attached (English and Romanian).

By means of the press release issued on March 16th, 2020, the National Agency for Fiscal Administration prepared the following measures in support of the business environment, considering the difficult economic context caused by the spread of COVID-19 virus. To read the entire fiscal insight, please download the .pdf attached (English and Romanian).
Fiscal Measures: Press release of the National Agency for Fiscal Administration (16 March)
 

By means of the press release issued on March 16th, 2020, the National Agency for Fiscal Administration prepared the following measures in support of the business environment, considering the difficult economic context caused by the spread of COVID-19 virus.

To read the entire fiscal insight, please download the .pdf attached (English and Romanian).



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