Florin Cîțu: Companies may postpone paying taxes until December 25. VAT refund with subsequent control, until January 25, 2021 – Finance & Banking



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Florin Cîțu, Minister of Finance, announced this Wednesday that companies will be able to postpone paying taxes until December 25, and this GEO would be adopted this week. The term for the refund of VAT with subsequent control will also be extended.

“We will not allow until December 25 sanctions for those who do not pay on time. We are extending the VAT refund with subsequent control until January 25. I think. We are looking now,” Cîțu said at a conference organized by Berarii. Romania.

According to him, the measures will be at the government meeting tomorrow.

“Perhaps until tomorrow we will come with other facilities,” said the Minister of Finance.

Other statements:

  • The upheaval that hit Romania was asymmetrical. It did not hit everyone equally. Horeca was hit harder.
  • Measures were needed to move towards this sector.
  • There are discussions to see what we can do for the next period.
  • The measures taken amount to 7% of GDP. (…) the money went to the technical strike, the guarantees granted. He didn’t have them and we had to get them from somewhere.
  • We are thinking about next year. It seems that this health crisis is not over. We will also have costs related to this crisis next year.
  • With the resources we had, we were able to keep consumption at last year’s level.
  • For active measures there is the SURE program, through which Romania has access to cheap loans at 15 from the European Commission. So the EC borrows with almost zero interest and we can assume almost the same conditions, up to 4 billion lei, only for active measures, such as technical unemployment, flexible work or perhaps, depending on the discussions with the EC, to include the digitization of companies. of a certain sector, since this is the future. We find funding. The problem is that we make those programs qualify for these funds and be for active measures. Keep jobs or create.
  • Romania, the only EU country where investments made a positive contribution to GDP dynamics in the first half of the year.
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