1 April 2020
Romania's Ministry of Finance has issued a release announcing a discount for corporate taxpayers that advance tax for the first quarter of 2020. This includes a 5% discount for large taxpayers that pay the tax due by 25 April 2020, with an increased discount of 10% for small and medium-sized taxpayers paying by that date. For taxpayers not following a calendar year, the same discounts are provided where the quarterly payment deadline is between 25 April and 25 June 2020.
The Ministry has also issued a release announcing the approval of deferred payment of VAT on the import of COVID-19 test kits, protective equipment and disinfectants, medical equipment, and medicines to treat people who have contacted the virus. Import VAT will not be payable until 30 days after the state emergency.
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