Romania’s Ministry of Finance published Order No. 5521/2024 in Official Gazette No. 944 outlining the procedure for implementing the tax amnesty established by Government Emergency Ordinance (GEO) No. 107/2024 without introducing any significant changes compared to the initial draft on 19 September 2024.
The government enacted Emergency Ordinance GEO No. 107/2024 to regulate fiscal and budgetary measures to address the budget deficit on 4 September 2024.
It includes various measures to enhance budget claims collection and assist financially troubled debtors through tax relief, including the cancellation of interest and penalties starting 31 August 2024, if certain conditions are met.