Page 9 - KPMG Tax in Romania
P. 9

On the upside…… two tax amnesty laws this year

   Law                                     Ordinance
209/2015                                    44/2015

Cancels tax obligations as well as all     Stimulates voluntary compliance by
                                           canceling late-payment penalties and
related interest and late-payment          half of the interest for payments
                                           performed before June 2016 of under
penalties assessed by tax authorities      declared obligations (self-assessed or
before 1st July 2015 for 4 main tax areas  assessed by tax authorities) -
                                           concerns all taxes due before
                                           September 2015

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