Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure RO-2019-31/2991 – measures in Romania
|Country||Romania , applies nationwide|
|Time period||Open ended, started on 31 July 2019|
|Context||Restructuring Support Instruments|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Deferral of payments or liabilities
|Author||Nicoleta Voicu (Association Center for Public Innovation)|
|Measure added||16 November 2022 (updated 17 November 2022)|
In order to revitalize the economy and avoid insolvency proceedings, the mechanism for restructuring budgetary obligations, introduced by Government Ordinance No. 6/2019, has been extended by including the possibility to request the restructuring of outstanding principal budgetary obligations on 31 December 2021. Interested parties may notify the authorities until January 2023 of their intention to benefit from the mechanism and restructuring requests may be submitted until July 2023.
The procedure applies to debtors, legal persons under public or private law, who have outstanding principal budgetary obligations as of 31 December 2020, which have not been paid by the date of issue of the tax certificate by the central tax authority, as well as accessory budgetary obligations.
The debtors are in financial difficulty if they are unable to pay the outstanding principal budgetary obligations as of 31 December 2020 and the ancillary budgetary obligations. In order to benefit from the restructuring of budgetary obligations, the debtor must not be in insolvency proceedings under the law at the date of the decision approving the restructuring of budgetary obligations.
A debtor who is in insolvency proceedings by the date on which he is obliged to notify the competent tax authority of his intention to restructure and wishes to restructure budgetary obligations may notify the tax authority of his intention, provided that by the date of issuing the decision approving the request for restructuring he has emerged from insolvency proceeding.
In the context of the crisis generated by COVID-19 and in 2021, the application of tax measures in the area of collection of budget debts continued, measures that came as a support to the business environment. One of the tax measures concerns the access to tax facilities (payment instalments for budgetary obligations, cancellation of accessory payment obligations and restructuring of budgetary obligations) by natural and legal taxpayers.
The result of this measure was an increase in the amounts for which taxpayers accessed tax facilities from 4,603.6 million RON (approx. €810 million) on 30 June 2020 to 15,317.5 million RON (approx. €3,063.5 million) at the end of the first half of 2021.
|Applies to all workers||Applies to all businesses||Does not apply to citizens|
Company / Companies
Other social actors (e.g. NGOs)
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
No public information available.
There is no publicly available information about the social partners' views or reaction on the measure.
Eurofound (2022), Restructuring of budgetary tax obligations, measure RO-2019-31/2991 (measures in Romania), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/RO-2019-31_2991.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.