By Decree n. 33 published on 3/30/2020 , the Romanian government has specified the following measures to support Romanian-registered companies:
Bonus ranging from 5 percent to 10 percent for corporate tax and income tax for microenterprises due for the first quarter of 2020.
The bonus is calculated on the income tax and microenterprise income tax due for the first quarter of 2020 if the taxpayer makes payment by the April 25, 2020 deadline.
The amount of bonuses is as follows:
– 5% for large taxpayers;
– 10% for medium and small taxpayers (including taxpayers paying income tax on microenterprises).
– 5% for large taxpayers;
– 10% for medium and small taxpayers (including taxpayers paying income tax on microenterprises).
The profit tax and income tax for microenterprise enterprises are determined by deducting the bonus of 5 percent or 10 percent, as appropriate, from the tax due.
This relief applies to corporate income tax due both to taxpayers who have a different tax year (if they have a due date from April 25 to June 25, 2020) and to taxpayers who fall under Law No. 170 of 2016 (specific tax).
For taxpayers subject to the profit tax, the calculated bonus will clearly be included in the annual tax return. We point out that the bonus does not apply to value-added tax ( of EU source) and employee contributions.
We await any changes or ministerial clarifications regarding how to highlight for reporting purposes in the quarterly tax return (100) the use of the tax bonus.
Available for any clarification needs.
