AmCham calls for postponed deadlines for submitting financial and fiscal statements

Aurel Constantin 13/03/2020 | 12:44

Building on the central authorities’ demand for companies to limit their employees’ exposure to the risk of COVID-19 infections, AmCham Romania calls for the Ministry of Public Finances to postpone the deadlines for submitting the financial and fiscal statements.

The American Chamner of Commerce (AmCham) shows that submitting statements usually generates ques at the tax administration offices, and, to comply with the preventive measures already in force for limiting the spread of the  COVID- 19, as well as to observe additional recommendations aimed at avoiding crowds and limiting social interaction, we deem necessary the adjustment of the reporting calendar, the nearest deadline on March 25 being the most problematic, therefore the first to be delayed.

Moreover, to comply with the official measures to limit the epidemics, many companies have already implemented a telework/work from home regime, which in itself may generate objective delays in preparing the statements.

”We reiterate our availability to work with the Ministry of Public Finance representatives to identify the optimum calendar for the due statements under the new circumstances generated by the still unpredictable evolution of the situation that Romania, like other countries, presently faces,” shows the press release.

AmCham Romania considers that such unusual context calls for responsibility and adaptability equally from the public and private sector, as well for a trust based collaboration that will enable both parties to best respond to the economic and social needs posed by the COVID-19 threat.

We welcome the Government’s intent to support affected companies, and until identifying an optimum package of measures to limit the negative impact on businesses and their employees, postponing the deadlines for submitting the financial and fiscal statements is a first step towards reducing the pressure generated on economic activities by the pandemics, similarly to what other states, including the U.S., are considering.

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