Romanian government OKs debts payment in installments

Newsroom 22/03/2011 | 15:53

The Romanian government adopted an emergency ordinance regulating the granting of scheduled payment to support the business environment and support economic activity, announces the Finance Ministry.

This act – says Ministry officials – will create a stable fiscal mechanism and will maintain active taxpayers who have encountered temporary difficulties.

The document relates to pay the debts administered by the National Tax Administration Agency (ANAF) in installments and the beneficiaries of these facilities may be both legal entities and individual taxpayers.

The approving this measure the state behaves like a prudent lender, given the claims guarantee, the interest rate charged and the financial ability of the taxpayer.

The emergency ordinance will take effect after publication in the Official Registry and all application procedure will be approved within 10 days from that date.