Around 20,000 companies with financial difficulties will be ableto reschedule their tax payment obligations over a period of up tofive years. The Government adopted an emergency ordinance on Sundaythat regulates the rescheduling of payment obligations, over aperiod of a maximum of five years, for companies with financialproblems, conditional on setting up guarantees and on payingday-to-day debts, the instalments and the interests due over therescheduling period.
The emergency ordinance will become effective within 30 daysfrom its publication in the Official Gazette, with the enforcementguidelines to be approved within the month, according to the draft.The beneficiaries of the incentives can be individuals andcompanies, from the public and the private sector alike.
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