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Corporate taxpayers which apply the annual computation system, and hence perform quarterly advance payments based on prior year’s profits, may pay corporate tax determined based on the taxable profit actually computed for each quarter in 2020. This applies irrespective of whether the fiscal year matches
the calendar year.
Source: Government Emergency Ordinance no. 29/2020 regarding various economic and fiscal – budgetary measures, published in the Official Gazette no. 230 on 21 March 2020
Last update: 4 May 2020
