Legislation news no. 28/31.03.2020:  

Emergency Ordinance 33/2020
Tax measures and amendments to normative acts
Subsidies for companies that pay income or corporate income tax
Corporate income tax payers who will pay the tax for Q1 2020 by 25th of April 2020 (regardless of their declaration and payment system) will benefit from a 5% or 10% discount, calculated on the income tax due. Large taxpayers will receive a discount of 5%, while every other taxpayer will receive a discount of 10%.
For companies whose tax year differs from the calendar year, the discount will be granted if they pay the tax due for the quarter or the quarterly advance payment by the deadline: between April 25th and June 25th, 2020.
The discounts will also be granted to taxpayers who apply Law no. 170/2016 regarding the specific tax, but who are also due corporate income tax, for the corporate income tax due for Q1 2020.
Taxpayers who are due income tax for micro-enterprises will be granted a 10% discount on their tax due for Q1 2020, if they make the payment by April 25th, 2020.

The discount will be deducted directly from the income or corporate income tax due. For corporate income taxpayers, the discount will be distinctively registered in the annual corporate income tax return for 2020.
VAT payment incentive on imports for the prevention, limitation, treatment, and control of Covid-19
 
VAT payers who import drugs, protective equipment, medical devices/equipment, and health supplies that can be used in the prevention, limitation, treatment, and control of COVID-19 during the state of emergency and in the next 30 calendar days after the ending of this period, will not pay VAT to the customs authorities for such imports. The VAT will be reported in the tax return both as output and input tax.
State of emergency Certificates
The Ordinance clarifies that the State of Emergency Certificate acknowledges (based on the own liability statements) the decrease of incomes or revenues by at least 25% in March 2020 compared to the average for January and February 2020, or the partial or total closure of business as a consequence of the decisions imposed by the public authorities during the state of emergency.

*This info represents a brief presentation of the most recent legal developments and is not to be treated as consultancy. RSM Romania is not responsible for the use of this information without prior advice.