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News from Members SANTA CLAUSE COMES EARLIER THIS YEAR WITH A MESSAGE FROM THE NATIONAL TAX AUTHORITY (ANAF)

SANTA CLAUSE COMES EARLIER THIS YEAR WITH A MESSAGE FROM THE NATIONAL TAX AUTHORITY (ANAF)

by Filip & Company October 28, 2020

Author: George Trantea (counsel Filip & Company, specialising in tax issues)

At the end of October, kids are waiting for Halloween, grown-ups for Oktoberfest and companies … for ANAF to come visit. Some of these events are long waited for, others rather scary.

Although the end was expected on the October 26th, 2020, Emergency Ordinance 181/2020 (Official Gazette no. 988/26.10.2020) was published and contains a significant amendment relative to the previously published draft: the extension of ANAF’s break by another 2 months, until 25.12.2020.

However, as of 26 October 2020, companies should evaluate their tax situation to ensure a somewhat serene year end. The most important actions to be taken concern interests and penalties accrued in relation to tax liabilities owed prior to March 2020, but the recently passed instalment plan offer is not bad at all either.

>> Here are some of the aspects that an accountant should consider after 26.10.2020.

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