Back to COVID-19 bussiness support
The new deadline for submissions of annual tax returns and the payment of income tax liabilities and social contributions for 2019 by individuals has been extended to 30 June 2020 (previously: 25 May 2020).
The following incentives also exist with respect to the payment of income tax liabilities and social contributions due for 2019:
- 5% rebate – for full payment of tax obligations by 30 June 2020
- 5% rebate – for electronic submissions of annual tax returns (provided the payment deadline is met).
Beginning in 2021, incentives in the form of rebates of up to 10% of the tax obligations due by individuals, as well as the corresponding payment deadlines and conditions under which these incentives are granted, will be established through the annual state budget with respect to the following:
- annual income tax liabilities
- pension contributions due on income obtained from independent activities and intellectual property rights
- health insurance contributions due on non-salary income
Source: Emergency Ordinance no. 69/2020 on the amendment and supplementation of Law no. 227/2015 on the Fiscal Code, as well as on the establishment of various fiscal measures, as published in the Official Gazette, Part I, no. 393, on 14 May 2020
