The Romanian Ministry of Public Finance Oct. 26 announced a tax debt rescheduling process for companies and individuals unable to pay tax debts due to the coronavirus pandemic. The announcement includes: 1) a 12-month installment payment plan for qualified taxpayers with unpaid taxes accruing from the start of the emergency through Dec. 25; 2) the rescheduling process, application, and eligibility requirements; 3) the interest waiver extension to Dec. 25 for tax arrears; 4) the Dec. 15 deadline for taxpayers to submit tax repayment applications; 5) the decrease in the general tax interest rate to 0.01 from 0.02 per day of ...
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