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-2021-1/1400 – measures in Romania
Country | Romania , applies nationwide |
Time period | Temporary, 01 January 2021 – 31 December 2025 |
Context | COVID-19 |
Type | Legislations or other statutory regulations |
Category |
Supporting businesses to stay afloat
– Direct subsidies (full or partial) |
Author | Victoria Stoiciu (European Institute of Romania) |
Measure added | 04 November 2020 (updated 06 November 2020) |
Measures to combat the COVID-19 pandemic have generated financial difficulties for most economic operators, who face a severe lack of liquidity. The measures adopted by this ordinance will contribute to the stimulation and development of the Romanian capital, of the competitiveness of the economic operators, to the provision of additional financial resources at the disposal of the taxpayers paying profit tax, income tax for micro-enterprises or activity specific tax.
Companies that manage to increase their capital will be able to benefit, in the period 2021 to 2025, from business tax reductions (reductions in annual income tax / micro-enterprises income tax /activity-specific tax). Thus, the state wants to stimulate the recapitalization of companies that currently have negative equity. The provision applies for a period of five years, from 2021 to 2025. Other provisions of the normative act are: clarification of some aspects regarding the granting of bonuses for the payment of profit tax, suspension of monthly and occasional draws of the Tax Voucher Lottery and introduction of a new article in the Fiscal Procedure Code on digitization of information transmission procedures.
Not available.
Workers | Businesses | Citizens |
---|---|---|
Does not apply to workers |
Other businesses
|
Does not apply to citizens |
Actors | Funding |
---|---|
National government
Employers' organisations Company / Companies |
No special funding required
|
Social partners' role in designing the measure and form of involvement:
Trade unions | Employers' organisations | |
---|---|---|
Role | No involvement | Consulted |
Form | Not applicable | Consultation through tripartite or bipartite social dialogue bodies |
Social partners' role in the implementation, monitoring and assessment phase:
No available information.
No available information.
Citation
Eurofound (2020), Tax reductions for businesses, measure RO-2021-1/1400 (measures in Romania), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/RO-2021-1_1400.html
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