Romania’s government plans fiscal amnesty for companies and individuals

Sorin Melenciuc 17/07/2018 | 11:08

The Romanian government is preparing a fiscal amnesty for companies and households, with a total amount of close to RON 100 billion (EUR 21 billion), according to the former Finance minister Darius Valcov, currently an advisor of the prime minister.

Valcov was sentenced to eight years in prison for corruption but his case is still in appeal.

He said that such a measure is included in the government program.

“We are in this situation, in this trap where RON 98 billion are debts of businessmen and individuals. We recover below RON 500 million. 84 percent are unrecoverable, so we never recover them, but most of these companies, especially the big ones, are state-owned,” Valcov said at Antena 3 TV channel.

According to, the fiscal amnesty could apply to the outstanding amounts of companies and individuals to the state budget calculated at December 31, 2018.

Romania’s Finance minister, Eugen Teodorovici, said earlier thismonth that the government is working on a mechanism to approve a tax amnesty in Romania.

The minister said that the tax amnesty might become applicable only if the left wing ruling coalition reaches a political agreement.

“The amnesty has no threshold. It can be decided that if the person who has debts to the state budget pays the principal, the penalties and part of the interest,” the minister said in a press conference.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Sorin Melenciuc | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue