Incentives for payment of corporate tax and microenterprise tax

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Taxpayers subject to the corporate tax regime will benefit from reductions in the amount of tax due for the first quarter of the year, provided they pay by April 25th, 2020, as follows:

  • large taxpayers: 5 %
  • small and medium-sized taxpayers: 10 %

This incentive is also available to:

  • Taxpayers whose tax year differs from the calendar year, provided they pay their tax by the deadline falling during the period between April 25th and June 25th, 2020; and
  • Taxpayers who pay corporate tax for specific activities pertaining to the first quarter of 2020.

Taxpayers subject to the microenterprise tax will benefit from a 10% reduction in the amount of tax due for the first quarter, provided it is paid within the legal deadline (i.e. by April 25th, 2020).

Source: Emergency Ordinance no. 33/2020 regarding various fiscal measures and modification of various normative acts, published in the Official Gazette no. 260 on March 30 2020.

Last update: 4 May 2020

Payers of corporate and micro-enterprise tax liabilities will benefit from a 10% reduction in the amount of tax due provided that the settlement of their tax liabilities is made within the respective deadlines for the second quarter (i.e. by 25 July 2020) and third quarter (i.e. by 25 October 2020).

The 10% bonus also applies to (i) taxpayers who have opted for a fiscal year other than the calendar year and who make quarterly payments/quarterly advance payments by the due dates falling within the periods 25 April – 25 June 2020, 26 June – 25 September 2020 and 26 September – 25 December 2020, respectively and (ii) to taxpayers who pay corporate tax for specific activities pertaining to the first – third quarter of 2020.

Source: Law 54/2020 on the approval of Government Emergency Ordinance no. 33/2020 regarding various fiscal measures and the modification of various normative acts, as published in the Official Gazette, Part I, no. 396, on 15 May 2020 and Emergency Ordinance no. 99/2020 regarding various fiscal measures, the modification of normative acts and the extension of various dates, as published on 25 June 2020.

Last update: 1 July 2020

 

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