The Government of Romania has adopted a series of amendments through Government Emergency Ordinance no. 85/2022 (EOG no. 85/2022).
For the purposes of revitalising the economy and avoiding insolvency procedures, the mechanism for the restructuring of budget obligations, as introduced by Government Ordinance no. 6/2019, has been modified to include the option of requesting the restructuring of the main budgetary obligations outstanding as at 31 December 2021. Anyone interested in doing so can notify the authorities by January 2023 of their intention to benefit from the mechanism. Requests for restructuring have to be submitted by July 2023.
Source PwC
Latest Posts in "Romania"
- VAT Adjustment for Real Estate: Applying New Rates to Prepaid Advances in 2026
- Romania Proposes Registration Procedure for Exporters of Energy Products
- Romania Updates e-TVA Rules: Fewer Compliance Burdens, Focus on Significant VAT Discrepancies
- Romania Introduces New E-Invoicing Deadlines and Expanded Reporting Requirements from 2026
- Romania Expands e-Factura: New 2026 VAT Reporting Rules, Deadlines, and Registration Requirements
