The Government of Romania has adopted a series of amendments through Government Emergency Ordinance no. 85/2022 (EOG no. 85/2022).
For the purposes of revitalising the economy and avoiding insolvency procedures, the mechanism for the restructuring of budget obligations, as introduced by Government Ordinance no. 6/2019, has been modified to include the option of requesting the restructuring of the main budgetary obligations outstanding as at 31 December 2021. Anyone interested in doing so can notify the authorities by January 2023 of their intention to benefit from the mechanism. Requests for restructuring have to be submitted by July 2023.
Source PwC
Latest Posts in "Romania"
- Romania Introduces Special VAT Mechanism for Low-Value Imports Under EUR 150
- Transfer Pricing Adjustments and VAT Implications: Impact of Recent CJEU Decisions
- Romania Introduces New VAT Informative Statement Requirements
- Romania Proposes Ending VAT Exemption for NGOs’ Hospital-Related Supplies
- Romania Updates VAT Return Form to Reflect New Rates Effective August 2025
