Government Emergency Ordinance no. 50/2013 regarding certain fiscal measures has been published in the Official Gazette of Romania (Part I, no. 320/2013). The Fiscal Procedure Code enforces a new regime in relation to penalties imposed for tax debts paid with delay which have become effective from 1 of July 2013.
From 1 July 2013, for payment obligations due after 1 July 2013, the delay penalty is set at 0.02% per day of delay by the new provision. For penalty obligations due before 1 July 2013 the delay penalty provided by the legislation in effect up to 1 July 2013 will be applied. The payment of penalties does not exclude the payment of interest, which remains at the level of 0.04% per day of delay.
The fixed penalties of 5% and 15%, for payment delays exceeding 30 and 90 days, respectively, from the due date, have been abolished by the new provision.
