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Romania Providing Discount for Payment of Advance Tax

|Approved Changes|Romania
Romania

Romania's Ministry of Finance has issued a release announcing a discount for corporate taxpayers that advance tax for the first quarter of 2020. This includes a 5% discount for large taxpayers that pay the tax due by 25 April 2020, with an increased discount of 10% for small and medium-sized taxpayers paying by that date. For taxpayers not following a calendar year, the same discounts are provided where the quarterly payment deadline is between 25 April and 25 June 2020.

The Ministry has a…

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